Development

(Getty, Winick)

Chetrit Group sells 1231 Third Avenue

In an active end to the year, Chetrit Group has sold 41,000-square-foot, mixed-use building at 1231 Third Avenue to Premier Equities for $43.25 million and refinanced the assemblage next to it. Joe Chetrit’s firm...

Chetrit Group sells 1231 Third Avenue
Tucker Reed, co-founder and principal, Totem; and Broadway Junction (Wikipedia, The Totem Group)

Totem eyes rezoning to build Brooklyn towers

The Totem Group is ready to carry the torch for a long-awaited redevelopment at Brooklyn’s Broadway Junction. The Brooklyn-based...

Totem eyes rezoning to build Brooklyn towers
11 East 26th Street and 15 East 26th Street (Google Maps)

Rockrose takes over NoMad office building in $145M deal

Rockrose Development is doubling down on the city’s office market with the takeover of a NoMad building that it...

Rockrose takes over NoMad office building in $145M deal
Mohamed Hadid (Photo by Kevin Scanlon)
National Issue

Mohamed Hadid’s last stand

For a property that once generated headlines around the world, the sale — when it finally came — landed with a whimper.  On an afternoon in early December, from an airy county courthouse in...

Mohamed Hadid’s last stand
Kael Goodman, founder and chief executive officer, Marketproof, in front of an illustration of the Skyline Tower (Marketproof, Skyline Tower, iStock)

New dev contracts cap boom year with $1B December

New development contracts finished the year with a slight holiday dip, capping off a promising 2021. Buyers signed contracts...

New dev contracts cap boom year with $1B December

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