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Westbrook Zeroes In on St. Vincent’s Property
Westbrook Partners, the private real estate investment concern headed that snapped up the Paramount Hotel and the Burberry Building during the boom, has returned to the New York real estate market. The...
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Too Small? Too Big? Just Right.
It may have been the kind of problem every tenant wishes it had, but for Wasserman Media Group it was a problem nonetheless. Only a few months had elapsed since the firm had signed on at the start of...
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Richard Baxter Dishes on the Drama Behind the Deals at Casa Lever
It was lunchtime at Casa Lever, the high-end restaurant in the iconic Lever House, and Richard Baxter was on his BlackBerry negotiating. It was a busy year for Mr. Baxter and his colleagues at Jones...
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Risk Analyst Eurasia Group Calculates the Odds at 149 Fifth Avenue
When in 2006 the real estate investor Joseph Moinian bought the office building 475 Fifth Avenue in partnership with the firm Westbrook Partners, the Eurasia Group—a tenant in the building—saw it as an...
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Grantland: Will Nonagenarian Eugene Grant Sell 550 Washington Street?
Every real estate investor dreams of the moment when, through diligence, smarts or luck, he or she finds a building whose potential is at once dazzling and wholly unrealized. Such discoveries can lead...
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Real Estate Tycoon Eugene Grant Sells Controlling Stake in the Behemoth St....
Real estate tycoon Eugene Grant has sold his controlling stake in the behemoth St. John’s Terminal Building in SoHo for roughly $250 million, sources said. The news comes on the heels of a report from...
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Murray Hill Represents Eretz Group in $200 Million Purchase of 295 Madison...
A contract was signed on Friday for the sale of Westbrook Partners and Moinian Group's 295 Madison Avenue, The Commercial Observer has learned. Murray Hill Properties represented the buyer, The Eretz...
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Financial Services Firm Relocates on Madison Avenue
Financial services firm Sontag Advisory has signed a 15,875-square-foot lease for the entire fifth floor at 295 Madison Avenue, relocating from its offices just two blocks away at 261 Madison. The deal...
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Lincoln International Moving to 444 Madison Avenue
Independent investment bank Lincoln International has signed a 10-year lease for an 11,869-square-foot portion of the third floor of 444 Madison Avenue, Commercial Observer has learned. The...
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Walnut Hill Flips Chelsea Building for $80M-Plus, Making 25 Percent Profit
31 West 27th Street Walnut Hill Group, which purchased 31 West 27th Street from Sharif El-Gamal for $65 million in 2012, has sold the building for $80.8 million following an unsolicited offer from...
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Brooklyn Developers Offer Sage Advice at TerraCRG Summit
Residential developers will be keen to pick their projects wisely and not skimp on details if they wish to survive a Brooklyn market that’s heating up quickly but could soon plateau, industry stalwarts...
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Asset Management Firm Expands, Relocates Within 444 Madison
444 Madison Avenue. Houston, Texas-based Salient Partners is expanding and relocating its New York office within the same building where it already has space, Commercial Observer has learned. The asset...
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St. John’s Terminal Scores $300M to Refinance, Buy Air Rights
A huge redevelopment project may have just gotten its wings.
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