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How to Buy Real Estate

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Havas and McCubbin have signed a massive lease on Madison Avenue

Over 50,000 square meters of office space have been acquired in Midtown South through two subleases. Havas PR Worldwide and McCubbin Hosiery have now split the former Rose Associates' trenches on the fifth floor through sub-leases in the 26-story 200 Madison Ave. This occupies the entire block front between East 35th and 36th Streets. Havas, […]

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Purchased Payless ShoeSource from Famous Footware

Shoe lovers can look forward. The former Payless ShoeSource in the 110 W. 34th St. was just snapped up by Famous Footware. The 10,200 square foot space is opposite Macy's between Sixth and Seventh Avenues and covers 4,000 square feet of floor space, 4,200 square feet on the second level, and 2,000 square feet on […]

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Owners of 40 Bruckner engage ABS partners to find developers

Another large opportunity area is located on Bruckner Boulevard in the Mott Haven area of ​​the Bronx. The family owners of 40 Bruckner have commissioned ABS Partners to advise on the monetization of the property and hire a developer to complete a 99-year lease for the property, which has potential for a 250,000-square-meter project. Alex […]

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Savanna signs $ 180 million contract for Lexington Avenue

Savanna closed Monday with the planned purchase of 360 Lexington Ave. from AEW Capital Management. The deal was funded with a $ 126 million Barclays loan arranged by Eastdil Secured. Savanna is planning a $ 20 million capital improvement program that will include lobby and entrance renovations, a pre-built program and infrastructure upgrades. The Grand […]

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