Cove Property Group

News about Cove Property Group, including commentary and archival articles published in our Articles.
  • April 2019 New York New Developments
  • Major Developments: Gyms and athletic wear retailers once again dominated the retail leasing scene last month in New York City, securing four of the top 10 biggest deals. The rest mostly comprised of restaurants. The biggest retail lease deals signed last month totaled 188,100 square feet, down 41,600 square feet from January’s total of 229,700 square feet. In February of 2018, the top 10 retail leases totaled 108,200 square feet. Hermès of Paris inked a lease for 40,000 square feet of space at 706 Madison Avenue for a new flagship location. The building’s landlord is Friedland Properties. Brooklyn Boulders signed ...

  • January 2017 New York Buildings For Sale
  • Buildings For Sale: Premier Equities.">Premier Equities is in the process selling three NoMad buildings and a Lower East Side retail condominium unit in separate deals for a total of about $26 million. Premier paid Victor Group $12 million for 275 Fifth Avenue and $4.6 million for 2 East 30th Street. The developer is in contract to buy 273 Fifth Avenue for around $3.5 million. The lot at 2 East 30th Street currently houses a five-story, 5,719-square-foot mixed-use building. The five-story apartment building at 275 Fifth spans 9,269 square feet. The adjacent four-story commercial building at 273 Fifth Avenue is 8,060 ...

  • October 2016 New York New Developments
  • Major Developments:The Related Companies is planning a 63-unit mixed-use building at 501 West 18th Street in Chelsea. The 10-story building will contain 97,800 square feet of residential space, along with 10,300 square feet of commercial space that will be divided across two retail units on the ground floor. Related bought the pair of parking lots which are adjacent to the IAC building in 2014 from investors Barry Haskell and Matthew Resnicoff. The $205 million price or $700 per square foot set a record for the neighborhood. The developer secured $125 million in financing for the purchase. Tishman Speyer filed plans ...

  • September 2016 New York Buildings For Sale
  • Buildings For Sale: Kevin Maloney’s Property Markets Group is looking to sell a newly built and still empty rental tower in Long Island City. PMG built the 45-story, 391-unit tower at 23-01 42nd Road in partnership with Vector Group and toyed with the possibility of turning the units into condominiums, filing a $364.2 million condo plan. Leasing at the tower is set to begin next week, with average asking rents of $62 per square foot. Since the building’s condo plan was approved, a potential buyer could opt to sell the units instead of renting them out. PMG and partner Hakim ...

  • April 2016: New York Buildings For Sale
  • New York Buildings sold Jeff Sutton">Jeff Sutton purchased a four-story, mixed-use building along Bleecker Street in the West Village for $11 million, or $2,434 per square foot from Mark Perlgut. The 4,159-square-foot building at 275 Bleecker Street is home to David's Tea on the ground floor, and four apartments on the upper floors.Mack-Cali Realty Corp. is in contract to sell its interest in 125 Broad Street in the Financial District for $202 million. Recently, Mack- Cali Realty was looking to sell its commercial condominium at the 40-story, 1.3 million-square-foot tower. Mack-Cali bought the 525,000-square-foot condo, spanning the second through 16th ...

Find My Space!
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  • Manhattan's Low-Rent Dining in Hiding
  • The NY Fed Is Buying Its Own Building

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