[Updated at 4.30 p.m.] Developer Andrew Bradfield’s luck is continuing with 123 Third Avenue, a luxury condominium at the southeast corner of East 14th Street and Union Square. The 2,928-square-foot retail condominium at the base of the 19-story Orange Management building just sold for $11.05 million to Related Companies and Lloyd Goldman’s BLDG Management, according to public records.  RKF Investment Sales and Advisory Services brokered the deal.

The condo, which features 126 feet of wraparound frontage, is currently fully occupied by Capital One Bank.

RFK Executive Vice Presidents Jeff Fishman and Ariel Schuster and Director Brian Segall negotiated both sides of the deal. – Katherine Clarke [more]

From the October issue: Until now, resales have led the real estate market’s recovery in New York, with new condos trailing behind. But new development is finally starting to make up some ground, experts say. Brokers are reporting a significant uptick in sales at new developments in the past few months, to the point where some developers are considering raising their prices. Meanwhile, for the first time in several years, there are a number of fresh projects now hitting the market. Some have just finished construction and are starting sales for the first time, and others stalled during the downturn and are now relaunching.

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Andrew Bradfield and No. 22 Renwick

Developer Andrew Bradfield — son of erstwhile FDIC bigwig Michael Bradfield — is being sued for fraud by [more]

The developer of 22 Renwick is refuting buyers’ claims that the first closing in the building was a sham. “We’re not doing anything tricky here,” said Andrew Bradfield, a principal at Orange Management and the developer of Renwick along with Helix Partners. Buyers in the building have filed applications with the attorney general to get their money back, saying they’re entitled to a right of rescission because of delays at the site. Bradfield says their applications have no legal merit and some buyers are merely looking for steep discounts from the originally agreed-upon sales prices. “They’re treating it like they can close at that price [only] if they feel like it,” he said. “That is not the idea of a contract.” [more]