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Jeff Sutton unloads Midwood commercial building
Sale was 1 of 3 recorded in the $10M-$30M range last week
New York /
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14 Vesey Street, 1123 Avenue J in Brooklyn, and Jeff Sutton of Wharton Properties (Americasroof/Wikipedia, Google Maps, Wharton)
Jeff Sutton’s Wharton Properties has unloaded a Midwood commercial building, one of three mid-market investment sales in the city last week.
The deals totaled $39.6 million and included three-building multifamily portfolio, a commercial building and an office building. The total was far less than the previous week’s $127 million for eight transactions. Investment sales between $10 million and $30 million are included in the weekly mid-market roundup.
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Over the last 20 years, architect Thomas LaPorta has carved out a special niche in world of New York real estate design.
“I’m not a name-brand designer,” LaPorta tells The Real Deal. “I’m not concerned with having the next award-winning building or getting published in design magazines – and that is exactly why I exceed my client’s expectations.”
In a city dominated by expensive and self-important starchitects, LaPorta said that he is offering a refreshing, practical and client focused vision of architecture.
“My ego is never bigger than my client’s project,” he said.
Now, this month, LaPorta is officially launching his own eponymous firm, specializing in developer oriented custom shell design, marketing drawings, and lease drawings to say the least, for new or redeveloped retail, office, and mixed-use buildings.
450 West 31st Street, New York, NY 10001 Phone: 212-260-1332
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