The Real Deal New York

Which players will likely spend big on NYC property this year?

From investment firms to Russian oligarchs, here's who is preparing to splash the cash

April 04, 2014 10:30AM
By Hiten Samtani

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From left:

From left: Marc Holliday, Mikhail Prokhorov and Alexander Rovt

From the April issue: Just days after American Realty Capital’s New York Recovery REIT acquired an office building at 1440 Broadway in October for $529 million, the company’s chief investment officer made a bold proclamation. Michael Happel said his company had a “loose target” to spend another $1 billion on commercial real estate in Manhattan over the next year. [more]

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    prokhorov should invest in a toothbrush.

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