Somerset Development buys 31-acre site in Somerville New Jersey Transit completed the transfer of ownership Monday of a 31-acre tract in the Borough of Somerville to Somerset Development, the Courier News reported. The Holmdel-based developer, which acquired the land for $ 11 million, said the site will be home to a new transit village that will include 371 apartments across 14 buildings, 156 townhomes, two parking garages, 4,000 square feet of retail space and a 4,000-square-foot community center. […]
Somerville moves forward with 31-acre transit village, Woodcliff Lake office property sold for $36M & more North Jersey real estate news
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Vineyard Vines HQ sold in Stamford, Avon inks Rye deal & more Westchester and Fairfield real estate news
Group buys Stamford’s Vineyard Vines building for $ 34M More than a month after buying a Stamford office building for $ 163 million, Philadelphia-based Rubenstein Partners has sold another office property in the city for $ 33.5 million, according to the Stamford Advocate. Rubenstein and New York-based George Comfort & Sons sold 181 Harbor Drive — which serves as the headquarters of the Vineyard Vines clothing company — to a joint venture led by New York-based real estate firms the […]
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Trump imposed a Venezuela embargo; not long ago, he sold the regime luxury condos
Prior to President Donald Trump placing an economic embargo on Venezuela, Trump’s business was selling condos to supporters and associates of the country’s leader Nicolás Maduro. More than six Venezuelans tied to either Maduro or his predecessor, Hugo Chavez, purchased Trump condos in New York City and South Florida before Trump became president, according to Politico. Several of the Venezuelans faced serious allegations of financial fraud in Venezuela. The sales weren’t illegal, but the buyer’s […]
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Harvey Weinstein sold more than $31M in NYC real estate; Karlie Kloss, Josh Kushner sell in Nolita: Daily Digest
Every day, The Real Deal rounds up New York’s biggest real estate news, from breaking news and scoops to announcements and deals. We update this page at 9 a.m., 12:30 p.m., and 4 p.m. ET. Please send any tips or deals to tips@therealdeal.com This page was last updated at 4:00 p.m. Harvey Weinstein sold millions worth of real estate between October 2017 and April 2018. Two properties he sold were in Manhattan, according to […]
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From bankruptcy to bidding war? 157-acre Mountain of Beverly Hills to be sold at auction
It has been a little over a year since the Mountain of Beverly hit the market for $ 1 billion, but despite a dramatic price cut earlier this year, there still hasn’t been a buyer. But that could soon change. The 157-acre plot of land will be auctioned off on Thursday, according to the Wall Street Journal. It it attracts a buyer, the long and storied — and troubled — history of Los Angeles’ most expensive […]
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First he sold a plot of land to Hudson Yards’ developers. Now he owns 6 luxury condos there
UPDATE, September 24, 2019, 5:30 p.m.: The seller of land to Related Companies and Oxford Properties for one of their Hudson Yards skyscrapers has scooped up at least six condominiums at another property in the megadevelopment. An entity with William A. Dalessandro as president dropped over $ 52 million for the “A” condos on the 75th through 80th floors at 15 Hudson Yards, property records filed this week show. The three-bedroom sponsor units each measure between
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Blackstone just sold off a 29M sf national industrial portfolio
Fresh off acquiring one of the largest industrial portfolios in history, Blackstone has turned around and sold a piece of it. Blackstone unloaded a 100-building portfolio valued at $ 3 billion to Nuveen, the real estate investment arm of the Teachers Insurance and Annuity Association of America, Nuveen announced Monday. Eastdil Secured advised Blackstone on the deal. The breakdown of the deal was not immediately clear and neither was its acquisition price. Nuveen said the portfolio
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Here’s what sold in NYC’s luxury home market last week
Here’s the down-low on some of the residential deals that caught our eye in the Big Apple last week. Source: A TRD analysis of property records filed with the New York City Department of Finance from Nov. 4 to 8. Liv Tyler sold her four-story West Village townhouse at 255 West 11th Street for $ 17.45 million in an off-market deal, the New York Post reported. The deal hit public records Nov. 4. The actress sold
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Done deal: Forever 21 sold to Simon, Brookfield venture for $81M
A bankruptcy court judge on Thursday officially gave the green light on the sale of Forever 21 to a trio of investors — two of which are the retailer’s top landlords. Simon Property Group, Brookfield Property Partners and Authentic Brands Group will pay $ 81 million for the company. The deal means Forever 21’s founding family, the Changs, have given up ownership after almost 35 years running the global discount fashion retailer. David Simon, CEO of
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He sold the Willis Tower and the GM Building. But can Doug Harmon sell the Mountain?
Top New York City investment-sales broker Doug Harmon snagged himself an assignment unlike any he’s had before — selling a 157-acre hilltop perch in Beverly Hills. The owner of the so-called Mountain of Beverly Hills, has brought in Harmon and his team at Cushman & Wakefield to sell the property, according to the Wall Street Journal. Harmon has sold some of the biggest office properties in the country, including the General Motors building in Manhattan
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