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.
Top NYC commercial property sales of week
Some of this week’s top agents, from left: Nick Petkoff, Alan Miller and Mark Elliott
Footnotes: Sales data is for closed deals published last week on the city property website Acris as compiled by PropertyShark.com. 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)