From the April issue: Just days after American Realty Capital’s New York Recovery REIT acquired an office building at 1440 Broadway in October for $529 million, the company’s chief investment officer made a bold proclamation. Michael Happel said his company had a “loose target” to spend another $1 billion on commercial real estate in Manhattan over the next year. [more]
Which players will likely spend big on NYC property this year?
From investment firms to Russian oligarchs, here's who is preparing to splash the cash