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Black Spruce Management Recaps Portfolio with Isaac Chetrit

214 West 109th Street and Isaac Chetrit (Google Maps)
The Chetrit brothers are using some of their Uniqlo cash to buy a stake in a $400 million apartment portfolio.
Isaac and Eli Chetrit are in contract to acquire a roughly 50 percent interest in a group of Manhattan multifamily buildings owned by Josh Gotlib’s Black Spruce Management for approximately $200 million, sources told The Real Deal.
The recapitalization values the 60-building portfolio at about $400 million, and comes as the city’s investment sales market slowly grinds out a return to normal.
The buildings, located around 49th Street in Hell’s Kitchen and Morningside Heights at the northern edge of Central Park, include over 950 units covering some 640,000 square feet. They’re part of a larger, 1,800-unit portfolio that Black Spruce placed on the market in April with a Cushman & Wakefield team led by Adam Spies and Adam Doneger. ....

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NYC Real Estate Investment Sales Slow in Q1 2021

450 West 31st Street, New York, NY 10001 Phone: 212-260-1332
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New York , United States , Shimon Shkury , Atlas Capital Group , Watson Hotel , Fbd Hotels , Moinian Group , Google Maps , York City , Ariel Property Advisor , Ariel Property , Yellowstone Real Estate , Financial District , புதியது யார்க் , ஒன்றுபட்டது மாநிலங்களில் , அட்லஸ் மூலதனம் குழு , வாட்சன் ஹோட்டல் , பி.டி. ஹோட்டல் , கூகிள் வரைபடங்கள் , யார்க் நகரம் , ஏரியல் ப்ராபர்டீ , நிதி மாவட்டம் ,

NYC Economic Development CEO Is Now a Landlord on a Buying Spree

James Patchett is becoming CEO of multifamily owner and operator A&E Real Estate.
Bloomberg | Apr 19, 2021
(Bloomberg) James Patchett, who stepped down last month as head of New York City’s Economic Development Corp., will take the helm of an apartment investment firm with sights on a buying spree.
Patchett is becoming chief executive officer of A&E Real Estate, a landlord that owns and operates more than 15,000 units. The firm is raising a $1 billion fund to expand its reach across the city, at a time when apartment values are plummeting amid record vacancies and bigger, well-heeled investors are staying away. ....

New York , United States , Fort Greene , Douglas Eisenberg , James Patchett , York City Economic Development Corp , New York City , Economic Development Corp , New Yorkers , Ariel Property , புதியது யார்க் , ஒன்றுபட்டது மாநிலங்களில் , கோட்டை கிரீன் , டக்ளஸ் ஐசன்பெர்க் , ஜேம்ஸ் ப்யாசெட் , யார்க் நகரம் பொருளாதார வளர்ச்சி கார்ப் , புதியது யார்க் நகரம் , பொருளாதார வளர்ச்சி கார்ப் , புதியது யார்க்கர்கள் , ஏரியல் ப்ராபர்டீ ,

Why Real Estate Insurance Premiums Are On The Rise—And What Owners Can Do To Prepare

Why Real Estate Insurance Premiums Are On The Rise—And What Owners Can Do To Prepare
forbes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forbes.com Daily Mail and Mail on Sunday newspapers.

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Queens Multifamily Portfolio For Sale at $99M

450 West 31st Street, New York, NY 10001 Phone: 212-260-1332
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Shimon Shkury , Thomas Donovan , Musso Group , Long Island , Estate Advisor Thomas Donovan , Ariel Property , தாமஸ் டொநொவந் , மூஸொ குழு , நீண்டது தீவு , ஏரியல் ப்ராபர்டீ ,