Manhattan office condos gain in popularity

Office and retail condo purchasing has reportedly picked up markedly in Manhattan. Last week, for instance, the last 127,657 square feet of office and retail condos at the 174,133-square-foot 820 Second Avenue was sold for $48 million. Joseph Neumann and Charles Herzka of Broadway Management were the sellers, and Philip Pilevsky of Philips International was the buyer. more [Sun]