Kushner Companies paid $20.5 million for a slice of an assemblage in Miami’s Edgewater neighborhood, more than two years after going into contract on the property, The Real Deal has learned. Investor Enrique Manhard and his partners sold the 0.75-acre piece of a larger assemblage, at 2000 Biscayne Boulevard, to New York-based Kushner, led by Charles Kushner, Nicole Kushner Meyer and Laurent Morali. Kushner plans a nearly 400-unit apartment tower for the site, which will
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Two years after three Manhattan rental buildings were put up for sale to settle a dispute in arbitration, they ultimately were sold to a familiar buyer. Investor Alvin Dworman, chairman of the ADCO Group, sold the three properties for $65.1 million to Capital Enterprises Midtown LLC, an entity run by Michael Palin, Dworman’s former partner, property records show. The mixed-use buildings are located at 65 West 55th Street, 155 East 55th Street and 210 East
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Simon Kaufman’s YS Developers scored a $63 million construction loan for a 14-story, 151-unit residential development in the Bronx. Scale Lending, the financing arm of Slate Property Group, provided the developer with the financing for the 135,000-square-foot project at 322 Grand Concourse in Mott Haven, the lender told The Real Deal. Martin Nussbaum, co-founder of Slate Property Group and Scale Lending, said the loan will help deliver housing units in a Bronx market that has
New York is going back to normal. Landlords feel left behind. Tuesday marked a major milestone for the state when Gov. Andrew Cuomo lifted nearly all remaining social distancing mandates and other safety precautions, some 16 months after pandemic-related lockdowns began. Dining out? Feel free to squeeze in next to strangers. Run a gym? Hourly disinfecting is now optional. Why, then, ask New York’s landlords, do tenants need 10 more weeks of an eviction moratorium?
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