After an absolute blitz of activity at the beginning of the year, Broadway Partners has remained relatively quiet on the commercial real estate acquisition front over the last few months.
However, that changed today when the New York-based investment and management firm announced its acquisition of 500 West Monroe Street in Chicago. Read More
Broadway Partners now officially owns the New York Daily News building.
The increasingly active landlord closed on the 14-story building located at 450 West 33rd Street today, according to a press release. The Observer reported back in February that the building went to contract. The sale price was $664 million.
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Surprise. Broadway Partners and Beacon Capital Partners finally announced the deal The Observer reported first two months ago.
The portfolio buy includes 24 national buildings and two city prizes: 237 Park Avenue and 100 Wall Street.
Release below.
BROADWAY PARTNERS CLOSES ON PURCHASE
OF BEACON CAPITAL PORTFOLIO
24 Read More
Harry and Billy Macklowe are so busy. Two months ago, they more than doubled their New York portfolio with a $7 billion buy from Blackstone. And now here comes their next prize.
We already know that the Macklowes are planning something at the corner of Park Avenue and 56th Street, where they own the soon-to-be-demolished Read More
The 10 Most Expensive Buildings in New York City
If every New York City office building went up for sale, which ones would sell for the highest price? The Observer asked the denizens of the real estate world–the people who buy the buildings and the ones who trade them–which towers they thought would close Read More
Broadway Partners is looking for some money-men to help pay for its $5 billion portfolio buy from Beacon Capital Partners, which includes 237 Park Avenue and 100 Wall Street. The Observer reported the purchase last week.
The leading candidates are the usual suspects. Lehman Brothers, Morgan Stanley, RBS Greenwich Capital and Wachovia are all Read More
Is there anything more active than Scott Lawlor’s Broadway Partners?
The relentless real-estate investment firm is in contract to purchase another national portfolio from Beacon Capital Partners, which includes two Manhattan prizes, a source familiar with the deal said. The sale price for the portfolio is expected to be close to $5 billion.
The Partners’ Read More
Now Mort Zuckerman will have to write his monthly rent checks to a rival.
The home of Mr. Zuckerman’s prized asset, the Daily News, is in contract for more than $700 million, according to a source with knowledge of the deal.
A young and bullish landlord, Broadway Partners, will buy the 14-story media mecca at Read More
