Brace yourself. We have some pitiful numbers for you.
So far this quarter—and the quarter ends on New Year’s Eve—only two Manhattan building transactions worth more than $90 million have occurred. Count them. Just takes two fingers.
No. 1: 1372 Broadway, which sold to Lloyd Goldman in October for $274 million. No. Read More
Debt markets be damned! Wachovia was so eager to unload its 21-story pile of bricks at 1372 Broadway, despite the general unavailability of large real estate loans, that the bank financed its own building’s sale to real estate mogul Lloyd Goldman.
The Carlton Group’s Howard Michaels put the financing scheme together, and it’s an 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
And the last empty Lexington Avenue storefront in the Bloomberg Tower goes to—wait for it—Citibank.
The company’s forthcoming 56th Manhattan branch, located between 58th and 59th streets, will fill a 5,000-square-foot void along this Upper East Side commercial block, which is so desperately underserved by the cavernous Wachovia branch next-door. And the Bank of America Read More
