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New York City is home to some of the nation's—and the world's—most valuable real estate. 450 Park Avenue was sold on July 2, 2007, for US$510 million, about $1,589 per square foot ($17,104/m 2), breaking the barely month-old record for an American office building of $1,476 per square foot ($15,887/m 2) set in the June 2007 sale of 660 ...
Over on Seabury Street, Nonna’s Ice Cream Shoppe is for sale for $250,000, a drop from its initial asking price of $275,000.On Bedford Street, Mr. Chicken is for sale for $799,000. Both rely on ...
According to Real Capital Analytics, a New York real estate research firm, more than $160 billion of commercial properties in the United States are now in default, foreclosure, or bankruptcy. In 2024, office leasing volume rose to its highest level since 2020, but roughly 60% of active office leases went into effect prior to the pandemic. [ 5 ]
In 2016, Jemal purchased the 40-story One Seneca Tower, the tallest building in Buffalo, New York, with plans to convert it into a mixed-use development including retail, restaurant, hotel, office and apartment components. [12] [13] The tower had been expected to have its renovations completed by the end of 2021. Jemal then went on to add the ...
Kushner Companies LLC is an American real estate developer in the New York City metropolitan area. [1] The company's biggest presence is in the New Jersey residential market.. A study published in December 2017 by Bloomberg News indicated that Kushner Companies owned a stake in over 60 buildings in New York City. [2]
Wanting to get into New York real estate and lacking the funding to compete with established real estate families (e.g. Dursts, Roses, Fishers, Rudins, Tishmans, and the Lefraks), Sutton took a different tack: he would first find a potential tenant, determine where they wanted a store, and then seek to buy out the lease from the tenant at the location.
In February 2011, the company acquired Gravitas Real Estate Resources. [4] In February 2013, the company was engaged in a legal battle after two of its brokers left the company to join CBRE Group. [5] In August 2013, the company represented Bechtel in negotiating a 565,916 square foot lease renewal and expansion in Houston, Texas. [6]
OliverMcMillan, established in 1978, is a private real estate development firm based in San Diego, California.It creates mixed-use retail, entertainment, and residential projects, both privately and through public-private partnerships with public entities and redevelopment agencies across the U.S. OliverMcMillan has received four national industry design awards and more than 50 regional ...
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