W Union Square Sale Closes for $185 million
The widely reported sale of W Union Square to a venture led by Host Hotel & Resorts got closed on September 2nd, our records show. The sale price was $185,250,000. Istithmar, the private-equity arm of Dubai World, bought the hotel for about $282 million in 2006, the Wall Street Journal reports, but defaulted in October…
Mercedes-Benz Pays $189.7 Million for New Manhattan Dealership
Mercedes-Benz USA has paid $189.7 million for 330,000+ square feet of retail and office space at 770 eleventh avenue, a deed recorded last week shows. The space will host the German automaker’s new flagship dealership in Manhattan. It is the first and only company-owned dealership in the US and it is expected to set the…
Retail Spaces For Lease in New Developments
We have taken a look at several retail spaces available for lease in new developments across Manhattan. 1. 150 Amsterdam Avenue 150 Amsterdam Avenue is the site of a new 42-story rental designed by Handel Architects, according to Curbed. Two retail spaces, totaling 22,691 square feet are available for lease in the building, according to…
Retail Spaces Available for Lease on Madison Avenue
The retail corridor on Madison Avenue, between 57th and 72nd Streets, has historically been one of the most expensive retail stretches in the City. Retail leases have ranged between $750 and $1250 per square foot, according to a retail report compiled by brokerage Cpex Real Estate which analyzed new leases finalized between July 2009 and…
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