Investment Sales


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Michael Shvo and the Transamerica Building in San Francisco and  (Unsplash)

Shvo, Deutsche Finance close on Transamerica Pyramid for $650M

A group led by Michael Shvo’s eponymous firm and Deutsche Finance America has closed on the purchase of the...

Shvo, Deutsche Finance close on Transamerica Pyramid for $650M
2055 Anthony Avenue and 1416 Ferris Place (Google Maps)

Ved Parkash picks up Fordham Heights apartment building

The Bronx captured the only two commercial property trades between $10 million and $30 million last week. Notorious landlord...

Ved Parkash picks up Fordham Heights apartment building
20 West 33rd Street (20West33rd)

Furnishing firm picks up 4 condos at 60 Guilders, Carlyle’s Midtown South project

Kevin Chisholm’s 60 Guilders and the Carlyle Group have found a buyer for four condos at their Midtown South...

Furnishing firm picks up 4 condos at 60 Guilders, Carlyle’s Midtown South project
Travis Kalanick (Getty; iStock)

Travis Kalanick cooks up a real estate empire

Uber co-founder and ex-CEO Travis Kalanick has quietly amassed a real estate empire over the past two years. Companies...

Travis Kalanick cooks up a real estate empire
1491 Bedford Avenue and 25-98 36th Street (Google Maps)

Muted week for middle of the i-sales market

The middle of the investment sales market was quiet last week, with just two transactions between $10 million and $30 million. An apartment building sold in Queens and an educational building previously operated as...

Muted week for middle of the i-sales market
Nightingale's Elie Schwartz and Madison's Brian Shatz (Whale Square)

Nightingale buys Whale Square in Sunset Park for $84M

UPDATED, Oct. 20, 2020, 6:01 p.m.: Madison Realty Capital has brought in a new partner on its industrial-to-office conversion...

Nightingale buys Whale Square in Sunset Park for $84M
Gov. Andrew Cuomo (Getty, iStock)

New York lost $755M in real estate tax revenue this year: REBNY

September was the cruelest month yet for tax revenue generated from real estate sales. The number of transactions has...

New York lost $755M in real estate tax revenue this year: REBNY
41 Haight Street in Flushing and 1290 Viele Avenue in Bronx (Google Maps; iStock)

Deal for pizza-pan manufacturer rounds out last week’s mid-market sales

The outer-boroughs continue to dominate the middle of the investment-sales market, with the only deals last week between $10...

Deal for pizza-pan manufacturer rounds out last week’s mid-market sales
Right to left: 831, 835 and 837 Madison Avenue (Google Maps)

Madison Avenue retail buildings sell for record low price

Three retail buildings on Madison Avenue have sold for a combined $45 million, a price that represents a new...

Madison Avenue retail buildings sell for record low price
Milton Glaser and 207 East 32nd Street (Getty, Google Maps)

Milton Glaser’s Kips Bay office townhouse sells to New York Review of Books

The Kips Bay office townhouse owned by legendary graphic designer Milton Glaser, who created the “I ❤️ NY” logo,...

Milton Glaser’s Kips Bay office townhouse sells to New York Review of Books

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