Buttonwood inks first big deal

Buttonwood Real Estate, the new firm opened in May by Citi Habitats founder and former CEO Andrew Heiberger, announced Wednesday afternoon its first major deal. In a joint venture with Thor Equities called Thorwood Real Estate, Buttonwood will develop 158 Madison Avenue, a 7,500-square-foot lot in Murray Hill that already includes a five-story commercial building. The development plans include construction of 50 luxury condominiums as well as retail space, according to a release from Buttonwood.