Michael Chapman, executive vice president of Stribling, and 20 Henry Street
Canyon-Johnson Urban Fund, the development team that includes NBA legend Magic Johnson, has finally finished its conversion of the old Peaks Mason Mints candy factory in Brooklyn Heights into luxury condominiums, the Wall Street Journal reported. The 24 loft units hit the market today, with asking prices between $450,000 and $2.56 million, under brokerage Stribling & Associates. [more]
Stribling's new website
From the February issue: Stribling & Associates has launched a new website, part of a branding overhaul aimed at revamping the 32-year-old firm’s somewhat “stuffy” image, according to Stribling director of operations Christopher Wilson.
The firm’s previous site was built in the late 1990s, said Wilson, who oversaw the December debut of the new site. Stribling hired Co-op, a Manhattan-based branding and marketing agency, to update the firm’s image. [more]
Compiled by Lauren Elkies
In the wake of Sandy Weill’s reported $88 million sale of his 15 Central Park West penthouse, The Real Deal wanted to touch base and see if real estate executives had any last minute predictions for the New Year since speaking with the magazine for the December residential market report.
Dottie Herman, president of Prudential Douglas Elliman, and Frederick Peters, president of Warburg Realty Partnership, said to expect 2012 to be a bit of a repeat of 2011, while developer Donald Trump said “really good real estate will have excess value.” Elizabeth Stribling, president of Stribling & Associates, predicts a “continuing strong demand for new condominium offerings all over town,” while Stuart Saft, chairman of Dewey & LeBoeuf’s global real estate department, said “the euro will continue to be in trouble causing a flight to safety to the U.S. and particularly New York City, so New York City properties will trade at even lower cap rates.” Meanwhile, Citi Habitats President Gary Malin and Halstead Property Development Marketing President Stephen Kliegerman recently told amNY that 2012 would bring more development and fewer amenities to New York City’s real estate market. [more]
Just a few days after it was reported that “30 Rock” star Alec Baldwin had put his Upper West Side apartment on the market for $9.5 million in order to be closer to his girlfriend downtown, it appears he has already found a new place.
According to Curbed, the potential mayoral candidate may have paid $12.5 million for the last penthouse unit at Devonshire House in the East Village, which has just gone into contract with Stribling & Associates. The four-bedroom, 4.5-bathroom apartment, at 28 East 10th Street and University Place and unveiled in May, features use of a landscaped rooftop terrace and a traditional English courtyard garden redesigned by landscape architect Edmund Hollander. Kristina Wallison and Robert McCain of Stribling had the listing. [Curbed]
