Top NYC commercial property sales of week

TRD New York /
Nov.November 09, 2010 04:15 PM
Some of this week’s top agents, from left: Nick Petkoff, Alan Miller and Mark Elliott

Two Texas-based firms partnered to buy the 1,301-room Milford Plaza Hotel for $230 million, which was the most expensive transaction to be recorded on public records last week. Other sales to appear last week included Savanna’s purchase of 5 Hanover Square, which Kent Swig lost to his lender Capital One Bank. Murray Hill Properties bought a Midtown office building from Joseph Moinian; an industrial property traded in Queens, and Laurence Gluck’s Stellar Management closed on the purchase of Tivoli Towers in Brooklyn.

Footnotes: Sales data is for closed deals published last week on the city property website Acris as compiled by Brokers were identified through public information or through CoStar Group. *The price in Acris was $200 million, reflecting the purchase price allocated to the real estate. †The price in Acris was $64.98 million, which was the total amount of outstanding debt. (Additional source: The Real Deal)

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