Roslyn-based Rallye Auto Group is slated to buy a two-building office complex in Jericho for nearly $16 million. The five-story buildings have 103,580 square feet sitting on four acres and are about 75 percent occupied, Long Island Business News reported. Rallye already owns a BMW dealership across the street from the property the prior owners, DEA Jericho LLC, defaulted on its $15.6 million commercial mortgage-backed securities loan in 2017. [LIBN]
|
Felix Sater: “My main motivation was in building a Trump tower in Moscow and making $100M in the process” |
|
Amid financial woes, Brookland Capital is selling another Brooklyn property |
|
These are some of the most notable resi sales of the week |
|
WATCH: Gary Barnett on the residential market, Brooklyn and discounts at One Manhattan Square |
|
Zillow sues Compass for poaching tech talent, allegedly stealing trade secrets |
|
Queens property purchased for $125M by Chinese firm headed to foreclosure |
|
JLL I-sales broker out amid merger with HFF |
All rights reserved © 2019 The Real Deal is a registered Trademark of Korangy Publishing Inc.
450 West 31st Street, New York, NY 10001 Phone: 212-260-1332
