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PRESS RELEASE: Ariel Property Advisors Sells Five Properties in Brooklyn and Upper Manhattan

2013-09-12 21:05:00| National Real Estate Investor

Gail Donovan Ariel Property Advisors has announced the sale of five properties in Brooklyn and Upper Manhattan totaling more than $6.65 million. read more

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PRESS RELEASE: Praedium and NorthEnd Equities Sell 16 West 36th Street in Manhattan

2013-08-14 19:08:00| National Real Estate Investor

Great Ink The Praedium Group, a New York City-based national real estate investment firm, and partner NorthEnd Equities, a Manhattan-based private commercial real estate company, have sold the leasehold interest in 16 West 36th Street in Manhattan to Kiamie Industries, Inc. In a little over a year since acquiring the asset, the partners sold the building for $12.9 million. After purchasing the building in February 2012, Praedium and NorthEnd implemented a strategic leasing and capital improvement program that enhanced the 13-story office and retail asset. The property is located in the Midtown South neighborhood. read more

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PRESS RELEASE: American Realty Capital New York Recovery REIT Purchases Midtown Manhattan Office Building From SL Green

2013-08-13 16:43:00| National Real Estate Investor

Jennifer Wolk American Realty Capital New York Recovery REIT, Inc. acquired from SL Green a 10-story office building located at 333 West 34th Street in Midtown Manhattan for $220.3 million, exclusive of closing costs. The property contains approximately 347,000 rentable sq. ft. read more

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PRESS RELEASE: Dollar Volume of Northern Manhattan Investment Property Sales Jumps 44 Percent, Year-Over-Year, Ariel Property Advisors' Report Shows

2013-07-30 22:29:00| National Real Estate Investor

Gail Donovan Driven by a resurgence of development site transactions and the sale of several large multifamily portfolios, the dollar volume of investment property sales in Northern Manhattan jumped 44 percent in the first half of 2013 compared to the first half of 2012. read more

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PRESS RELEASE: Dollar Volume of Manhattan Investment Property Sales Up 28 Percent Year-Over-Year, Ariel Property Advisors' Report Shows

2013-07-30 17:18:00| National Real Estate Investor

Gail Donovan Investment property sales in Manhattan during the first half of 2013 showed a year-over-year jump in dollar volume of 28 percent, but declines in transaction and property volume of 12 percent and 9 percent, respectively, according to Ariel Property Advisors Manhattan 2013 Mid-Year Sales Report. The report tracks activity south of East 96thStreet and south of West 110thStreet and transactions $1 million and up. read more

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