Madison Avenue retail buildings sell for record low price

Posted by:

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 low for the posh shopping district.

The luxury retailer Akris will buy three properties at 831, 835 and 837 Madison Avenue between East 69th and 70th Streets for $45 million, according to the Wall Street Journal. The deal includes three ground-floor retail spaces, along with 15 residential units.

The deal came out to $1,340 per square foot, a significant decline ...

Continue Reading →
0

English

, , , , , , , , , , , , , , ,

Manhattan 3Q 2020 Sales Report

Posted by:

This quarter (Jul-Aug-Sep) began just over a week after the COVID lockdown ended and it reflects sales-contracts that were signed during and after the COVID lockdown. We notice a slight improvement: the number of closed sales edged up a bit from the previous quarter which bodes well for the future..or at least we hope so.

Some ...

Continue Reading →
0

English

, , , , , , , , , , , , , , ,

Raleigh condo project approved at 175 feet.

Posted by:

Raleigh condo project approved at 175 feet.

A key Miami Beach board approved a glassy condo near the Art Deco-style Raleigh Hotel in Miami Beach after the New York developer agreed to trim the height from 200 feet to 175 feet. The Miami Beach Historic Preservation Board voted to approve plans to restore and renovate the Raleigh and neighboring Richmond and South Seas hotels, in the 1700 block of Collins Avenue. The project is expected to cost $750 million.

(source: miamiherald.com)

Continue Reading →
0

English

, , , , , , ,

South Florida’s multifamily market sees fewer investors than 2019. Still, prices rise.

Posted by:

South Florida’s multifamily market sees fewer investors than 2019. Still, prices rise.

Anticipated population growth has multifamily investors spending more on apartment buildings despite sales volume dropping by 50% for the first half of 2020, compared to the year-ago period, in Miami-Dade and Broward, according to a sales report.

Price per square foot for multifamily units slumped by 29% in Broward year-over-year, but Miami-Dade saw a 25% increase in price per square foot, according to the Cushman & Wakefield South Florida 2020 midyear forecast. The report compared sales data for the ...

Continue Reading →
0

English

, , , , , , , , , , ,

New Fort Lauderdale retail space is leasing quickly. Outdoor seating is key.

Posted by:

New Fort Lauderdale retail space is leasing quickly. Outdoor seating is key.

Society Las Olas, a new residential-mixed use building in Fort Lauderdale, has filled 44% of its retail space. The draw? Outdoor seating.

Health-conscious eatery Pura Vida Miami recently leased 1,600 square feet. Virginia-based Thompson Hospitality signed a 6,000-square-foot lease, dividing 4,500 square feet for Matchbox Restaurants and about 1,500 square feet to Big Buns Damn Good Burger. All are expected to open during the first quarter 2021.

“They all liked the high energy and outdoor seating along the river,” said Ben Mandell, ...

Continue Reading →
0

English

, , , , , , ,

Unemployment fell as workers returned to their jobs that were lost during lockdown.

Posted by:

Unemployment fell as workers returned to their jobs that were lost during lockdown.

Hiring rose for the fourth straight month, though at the slowest pace since the U.S. economy began to spring back from April shutdowns.

Nonfarm payrolls increased 1.4 million in August, the Labor Department said Friday, matching economists’ expectations and following gains of 2.7 million, 4.8 million, and 1.8 million in May, June and July, respectively. The temporary hiring of 238,000 Census 2020 workers helped boost payrolls.

The U-3 unemployment rate, meanwhile, dropped to 8.4% from 10.2% in July. The decline was much ...

Continue Reading →
0

English

, , , , , , , , , , , ,

Pagina 50 del 115 «...2030404849505152...»