The Lefrak Organization
News about The Lefrak Organization, 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 …
- August 2014 New York Buildings Purchased & For Sale
- New York Buildings sold A Hong Kong-based Investment firm, bought SpringHill Suites by Marriott in Midtown for $82 million. Hidrock Realty sold the 173-room, Gene Kaufman-designed property at 25 West 37th Street for $82 million. The hotel opened last year.Madison Realty Capital has teamed with RWN Real Estate Partners to purchase a pair of buildings along Frederick Douglas Boulevard in Harlem for about $30 million.Real estate investment firm KUB Capital is in contract to acquire a one-story Soho baby stroller store and adjacent parking lot for a sum of $50 million.A White Plains, N.Y.-based real estate investment trust is in …
- May 2008 New York Buildings For Sale
- 650 Madison Avenue, a 27-story, 600,000 RSF office building, was sold to Ashkenazy Acquisition Corp. for $695 million. 1250 Broadway, a 39-story, 670,000 RSF office building, was sold to Murray Hill Properties for $310 million. 100 Fifth Avenue, a 19-story, 240,000 RSF office building, was sold to Rock New York (100-104 Fifth Avenue) LLC for $152 million. 100-104 Fifth Avenue, a 20-story, 270,000 RSF office building, was sold to Rock Investments for $150 million. 370 Canal Street, a 20-story hotel, 360 rooms total, was sold to Magna Hospitality Group for $83 million. 8 Gramercy Park South and 141 East 33rd …
