Ascot Properties
News about Ascot Properties, including commentary and archival articles published in our Articles.
- April 2017 New York Buildings For Sale
- New York Buildings For Sale: Ashkenazy Acquisition Corporation and DekaBank are looking to sell a newly redeveloped retail space at the base of 522 Fifth Avenue. The owners finished a $16 million renovation of the two vacant retail condominiums at the base of the 23-story, 380,000-square-foot office condo building. The two-floor retail condos together have 27,310 square feet, with about 10,850 square feet on the ground floor. The retail was valued at $277 million last year, when General Growth Properties sold its 10% stake to an unidentified investor. Ashkenazy, Germany-based DekaBank and Chicago-based real estate investment trust GGP jointly acquired …
- March 2017 New York Buildings For Sale
- New York Buildings for Sale: Three Riverside Boulevard parking garages encompassing more than 228,000 square feet and 995 parking spaces are asking $65 million, or $65,300 per space. The parking garages are at the base of five condominium buildings at 80, 100-120 and 220-240 Riverside Boulevard. Developer Steve Witkoff has a federal judge’s approval to sell the Park Lane Hotel as part of an agreement to oust Malaysian investor Jho Low. U.S. District Court Judge approved plans as part of a cooperation agreement reached after Low became entangled in a money-laundering scandal. The current plan is to sell the whole …
- February 2016: New York Buildings For Sale
- New York Buildings sold Billy Macklowe sold a majority stake in his 12-story office building at 156 William Street to LaSalle Investment Management for around $55 million. LaSalle closed on a majority interest in the 250,000-square-foot building December 31st, with William Macklowe Co. retaining a minority and managing stake in the property. Macklowe also sold two commercial condominium units at 156 William Street to an independent children's school for $27.2 million. The building is located a few blocks from the school's main campus at 241 Water Street. William Macklowe Co. acquired 156 William Street from private equity firm Capstone Equities …
