Adam Hochfelder, the star real estate executive who went to prison in 2010 for bilking lenders and investors out of $18 million, has quietly re-entered the property game. [more]
Posts Tagged ‘brill building’
The Brill Building at 1619 Broadway is only half-filled, but Allied Partners’ Eric Hadar is looking to pump in $50 million or more into the office landmark with the goal of snagging top tenants like Nat King Cole, Duke Ellington and the other entertainers who used to live there, the New York Times reported.
Stonehenge Partners and Invesco Real Estate have sold the Brill Building at 1619 Broadway for $185 million to Eric Hadar and Merchants Hospitality, the New York Post reported. Adam Spies and Doug Harmon of Eastdil Secured brokered the deal, which included 30,000 square feet of air rights, sources told The Real Deal. In addition, eight new signs for roughly 5,000 square feet of advertising space were approved, which will bring in about $2 million per year in revenue.
Dallas-based real estate giant Invesco is preparing to bring an historic Times Square office building to market, The Real Deal has learned.
The international investment management firm’s real estate arm will likely put the property known as the Brill Building, at 1619 Broadway, on the market early next year, sources said. The 11-story building, on the corner of West 49th Street, totals 177,000 square feet and is best known for its musical history; the building served as the Tin Pan Alley home of famed music publishers, record companies, artists and artists’ managers for decades beginning in the 1930s. It became known as a hit factory, producing songs by artists such as Paul Simon. [more]
The stretch of Broadway from Columbus Circle to Times Square is one of the most ill-favored in the entire course of that illustrious avenue, which extends over the whole length of the island of Manhattan and beyond. It developed some fairly distinguished buildings in the first third of the 20th Century, like the Brill Building, famed for its songwriters, which rose in 1931. Then there are the mostly undistinguished and far taller additions of more recent years, like the Random House Tower, designed by Skidmore, Owings & Merrill at 1745 Broadway and completed in 2003. And in between there were and remain a few shabby, two-story structures that do nothing for the neighborhood. Fortunately, the one such structure that used to inhabit 1717 Broadway, at the northwest corner of 54th Street, has been razed, and in its stead a new 752-foot Marriott is scheduled to rise, designed by Nobutaka Ashihara and developed by the hotel chain together with Granite Broadway Development. … [more]
A joint venture of the Kaufman Organization and Invesco Real Estate have picked up the 270,000-square-foot office tower at 100 Fifth Avenue for $93.5 million, sources told the Wall Street Journal. The building, one block from Union Square, last changed hands for $152 million in 2008, when a unit of U.K. entrepreneur Paul Kemsley’s now-bankrupt Rock Joint Ventures bought it from Atlas Capital Group. … [more]
From left: Peter Hauspurg, Daun Paris Hauspurg, Barry Gosin and the property that traded hands in Bedford Corners
Newmark Knight Frank principal and CEO Barry Gosin bought the
Westchester County estate of Eastern Consolidated founders Peter
Hauspurg and Daun Paris Hauspurg, for $9.4 million. Gosin and his
wife Jacqueline closed on the purchase of the 26-acre parcel that
includes several residences at 617 Croton Lake Road in Bedford Corners
April 8, records filed with Westchester County yesterday show. Hauspurg
said he and Paris, who are married, no longer need all the space. “It
is a magnificent property,” Hauspurg said, but too large for them now
that their children have moved out. “We are rattling around [in it].” … [more]
New NYC landmarks from left: The Brill Building in Times Square, the Joseph B. and Josephine H. Bissell House in Midtown, the Germania Fire Insurance Company Building in the East Village, the Reformed Church in Staten Island
The Landmarks Preservation Commission voted unanimously today to extend the Upper East Side Historic District by 74 buildings and to grant landmark status to Times Square’s famed Brill Building, a Midtown townhouse, a former East Village firehouse and a Staten Island church. The commission also held public hearings on Coney Island’s former Shore Theater, Gramercy House on East 22nd Street and a proposed historic district in Addisleigh Park in St. Albans, Queens, among others. Click here for a full recap of today’s meeting. TRD … [more]