Dune

• November 2024 New York New Developments
• Major Developments: Fortress won the right to go after Cohen for a $187 million personal guarantee he signed in 2022. When Cohen quit making payments on the $534 million loan earlier this year, Fortress sued, alleging default. They will appeal the decision. First, the parties have to see through the $534 million UCC foreclosure Fortress Fortress pursues largest UCC foreclosure ever on the courthouse steps. Assets tied to a $534 million loan Fortress Investment Group alleges is in default and a $187 million personal guarantee the lender won the right to collect on. Fortress could then, potentially, pursue the claim …
  
  
• November 2023 New York Buildings For Sale
• Buildings for Sale: CIM Group will hand the keys to 1440 Broadway back to its lender. It saw the $399 million loan backed by the Midtown building go to special servicing this month. Buildings Sold: Extell sold 1710 Broadway for $173 million. In 2017, Extell paid $268 million for it. Extell is working to get plans approved for a 54-story, 673-unit hotel to replace the six-story. Sherwood sells Times Square hotel for $165 million. Apollo Global Management and Newbond Holdings are buying the 317-key hotel at 2 Times Square. The 200,000-square-foot hotel has 317 rooms. The transaction would break down …
  
  
• November 2022 New York Buildings For Sale
• Buildings for Sale: Stefan Soloviev is negotiating to sell 9 West 57th Street and is finalizing an agreement to sell the prestigious office tower. The 50-story, 1.6 million-square-foot building, was last appraised in July 2016 at $3.4 billion, or over $2,000 per square foot. LoanCore Capital filed a lawsuit against a joint ownership venture at 111 East 59th Street, which includes Dune Real Estate Partners and Puma Construction Corporation. The lender alleged the owners defaulted on $193.4 million in loans and is calling for the forced sale of the retail and office property. Proceeds from a forced sale would go …
  
  
• October 2022 New York New Developments
• Major Developments: The Gateway tunnel project is to take three years longer and cost $2B more than originally budgeted. The completion of the tunnel is now expected in 2035 . The existing two-way tunnel, which will close for repairs when the new one opens, won’t be fixed until 2038. The tunnel, which is part of a larger Gateway project, is now estimated to cost $16.1 billion. The 4.5-mile rail project will carry travelers under the New Jersey Palisades, the Hudson River and Hudson Yards. New York City upped its demands on landlords to disclose retail vacancies in their buildings in …
  
  
• October 2017 New York Buildings For Sale
• Buildings Sold: Gaw Capital Partners is looking to obtain a $170 million loan to make one of the largest single-asset New York City hotel deals of the year: the $340 million purchase of the Standard Hotel from Dune Capital Management and Greenfield Partners. Extell Development purchased a drug rehabilitation center building with seven-floors, 27,000-square-foot property at 500 West 57th Street that is entirely leased to substance-abuse treatment center ACI for $19 million. Charles Ekblom, a now-deceased landlord, bought it from Columbia University in the 1960s, and the building was placed in a family trust until the sale. A famous recording …
  
  
• September 2017 New York Buildings For Sale
• New York Buildings For Sale: Thor Equities has put the two-story, 50,000-square-foot retail condominium at 88 Greenwich Street, that is home to the 9/11 Tribute Center up for sale for $52 million. New York REIT is marketing 1440 Broadway, a 749,000-square-foot building. The real estate investment trust, which is in the process of selling its 4.4 million-square-foot portfolio as part of the comp. The Broadway property is expected to get $775 per square foot or $580 million. NYRT purchased the building in 2013 from Rockpoint Group and Monday Properties, paying $530 million. The majority owner of the Plaza Hotel is …
  
  
• November 2015: New York New Developments
• New Developments Developer Bo Jin Zhu filed permit applications for a nine-story hotel and a 16-story apartment building at 412 West 126th Street and 402 West 126th Street. The two buildings together will contain a total of 129,000 square feet of space. UBS is looking for 700,000 and 900,000 square feet in Midtown for its New York headquarters. The company is being forced to move by its current landlord.The Columbus Avenue retail corridor on the Upper West Side has gone from zero vacancies in a 15-block stretch along Columbus Avenue to 14. The spike in retail vacancies is due to …
  
  
• August 2015: New York Buildings For Sale
• NYC Buildings For Sale The Related Cos. is considering selling a stake in its 10 Hudson Yards office tower now that the building is almost fully leased. The developer is in discussions with Boston Consulting Group to take about 175,000 square feet at 10 Hudson Yards, which would boost the building to near full occupancy before its scheduled completion early next year. A stake sale would allow Related and equity partner Oxford Properties Group to capitalize on the building's value and provide funds to finance further construction at the 28-acre, $20 billion development. Ian Bruce Eichner is shopping around his …
  
  
• January 2015: NYC New Developments
• New Developments A new building by Cape Advisors at 535 Greenwich Street would have 26 floors and 116 condo units, on an L-shaped lot. The 57,500-square-foot warehouse site with 42,500-square-feet of buildable air rights. Kaled Management filed plans for a 10-story apartment building at 711 West End Avenue, also known as 306 West 95th Street. Alchemy Properties unveiled plans for a new 24-story tower in NoMad at 846-850 Sixth Avenue. It will contain 52 residences totaling 105,973 square feet or 2,000 square each condo. The tower will rise 316 feet and have a 3,100 square feet retail space. Demolition permits …
  
  
• December 2014: NYC New Building Developments
• New Developments The prices of U.S. commercial buildings are higher than the peak in 2007. Since January 2010, the Moody's/RCA Commercial Property Price Indices has seen a climb of 40 percent.The Bronx borough president's South Bronx waterfront redevelopment project looks to be moving forward.A Movie theater chain is on the search for eight retail spaces in New York City and on Long Island to either lease to buy.Prior to constructing 55 Hudson Yards the 1.3 million square feet office development, the developer Related will have to pay up to $180 million to buy the building bonuses that help in the …
  
  
• December 2011 New York Buildings For Sale
• NYC Buildings For Sale A Times Square Hotel, the 47-room Hotel 41 at 206 West 41st Street, will be auctioned Dec. 5, after lender Crane, A.G., a 50 percent owner of the hotel, filed to foreclose on developer Benjamin Soleimani's interest in the property. The 11,562-square-foot Hotel 41 building, on a side street just below Times Square, was purchased by Soleiman's 206 West 41st Street Hotel Associates in 2008 and underwent a complete transformation by architect Andrew Pollack and Soleimani with ultra-modern interiors. ATCO is selling the Atlas Terminals, an industrial park adjacent to the Atlas Park mall it developed …
  
  
• August 2011 New York Buildings For Sale
• NYC Buildings For Sale 397-401 East 8th Street a development site is on the market for $5.2 million, EV Grieve. Chang's McSam Hotel Group purchased the 4,324-square-foot vacant lot, at 397-401 East 8th Street, for $4.9 million site. Chang appears to be in the midst of a selling spree -- he recently unloaded stalled hotel project sites in the Financial District and in Union Square, as well as his new Holiday Inn Express at 126 Water Street. A month after merging with EBSCO Publishing, library reference publisher H.W. Wilson has decided to market its former headquarters and nearby land holdings …
  
  
• April 2011 New York Buildings For Sale
• New York Buildings sold Host Hotels & Resorts closed on the $313.5 million sale of the New York Helmsley Hotel, which will be reflagged under the Westin Hotels & Resorts brand in mid-2012 after an extensive renovation. Host Hotels, will renovate the hotel, at 212 East 42nd Street, with a complete overhaul of its 775 guest rooms as well as a meeting space upgrade.Dune Real Estate Partners has agreed to pay $190 million for Anglo Irish Bank's mortgage loan on the embattled Mark Hotel on the Upper East Side. The note, which had a face value of around $300 million, …
  
  
• June 2009 New York Buildings For Sale
• Manhattan Buildings sold A second-floor duplex at the Plaza Hotel Residences sold for $2,751 per square foot, about half the price that similarly sized units were closing for last year. The three-bedroom unit with 4,283 square feet was sold by the developer, Elad Properties, to a company called Paradeplatz Ltd. for $11.786 million. The condo faces Central Park in the rehabilitated hotel at 768 Fifth Avenue. The Windermere has been sold to Windermere Property LLC, a company that made an agreement with the city to repair the landmarked building. The former owner and Tokyo-based developer Toa Construction had reached a …