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Invesco Sells Manhattan Apartment Tower for $381M
Eight years after purchasing a 396-unit apartment tower in Manhattan’s NoMad neighborhood, investment management fund Invesco has closed on the sale of luxury high-rise Instrata NoMad to Global Holdings Management Group for $380.6 million.
December 15
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Eyal Ofer’s Global Holdings Management Group financed its $380 million acquisition of the Instrata Nomad luxury apartment tower
Eyal Ofer’s Global Holdings Management Group financed its $380 million acquisition of the Instrata Nomad luxury apartment tower with a $250 million loan from Wells Fargo. The seller of the 50-story luxury apartment tower at 10 East 29th Street was the Los Angeles County Employees’ Retirement Association, which was advised by Invesco Real Estate.
December 15
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Demo Permits Filed For 1841 And 1845 Broadway On The Upper West Side
Full demolition permits have been filed for a couple of buildings at 1841 and 1845 Broadway on the Upper West Side of Manhattan. Both sites are owned by Global Holdings Management Group, which filed building permits for a 24-story mixed-use building at the 1841 Broadway address last December.
December 15
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Demolition Underway At 1841 And 1845 Broadway On The Upper West Side
Demolition is continuing at 1841 and 1845 Broadway on Manhattan’s Upper West Side, where a 24-story mixed-use building is planned to rise. Scaffolding and black netting completely shroud 1841 Broadway, and it appears that the neighboring structure at 1845 Broadway has been partially razed. Both properties are owned by Global Holdings Management Group and Ancora Engineering is listed as the applicant of record on demolition permits, which were filed late last year.
December 15
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Façade Work For 180 East 88th Street Nears Completion On The Upper East Side
Exterior work is nearing completion at 180 East 88th Street, the tallest structure on the Upper East Side above 72nd Street. DDG is the designer and principal developer of the 31-story residential skyscraper, for which HTO Architects is serving as the architect of record and Global Holdings Management is also developing. Petersen Tegl, a Denmark-based firm, is in charge of putting together the thin Kolumba masonry bricks in the gray-colored façade.
December 15
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180 East 88th Street Awaits Completion Of Its Signature Arches, On The Upper East Side
Construction is getting closer to completion at 180 East 88th Street, the tallest structure on the Upper East Side above 72nd Street. Designed and developed by DDG with HTO Architects as the architect of record, the 31-story building is located between East 87th Street and East 88th Street. Global Holdings Management is also part of the project’s development team.
December 15
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Kith inks lease at 25 Kent
Fashion brand Kith has signed a 57,679-square-foot manufacturing lease at 25 Kent Avenue in Williamsburg. Construction was completed in July “on spec”, and still hasn’t landed any office tenants. The project has been in the works since 2013 and was developed by Rubenstein Partners and Heritage Equity Partners.
December 15
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25 Kent Lands A 65K SF Short-Term Occupant As Its Anchor Search Continues
Rubenstein Partners and Heritage Equities Partners reached a deal with online publication Refinery29 to bring its pop-up 29Rooms to an almost 65K SF space at 25 Kent Ave., the half-a-million square foot ground-up office development on the Brooklyn waterfront.
December 15
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Amazon Music is coming to Brooklyn’s office market
Amazon Music has signed a new lease in Brooklyn, the company’s latest expansion in New York’s office market. The company signed a lease for 40,000 square feet at Rubenstein Partners and Heritage Equity Partners’ 25 Kent Avenue in Williamsburg, according to Business Insider.
December 15
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25 Kent Avenue Completes Construction In Williamsburg, Brooklyn
25 Kent Avenue in North Williamsburg, Brooklyn is designed by Hollwich Kushner with Gensler as the design development architect. The eight-story building features a distinctive stepped massing and spans an entire city block, yielding half a million square feet of office space with 15-foot ceilings. The project is developed by Rubenstein Partners and Heritage Equity Partners, who are continuing to fill the property and aim for full occupancy by the middle of 2021. 25 Kent Avenue is the first commercial office building to be constructed in the area in more than 40 years.
December 15
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Keller Williams leaves Tribeca for office at 99 Park
Keller Williams New York City is moving its offices uptown, closing a turbulent chapter for the franchise brokerage. The residential firm said it will occupy more than 20,000 square feet at 99 Park Avenue in Midtown. At 99 Park, KWNYC said it signed a 3.5-year sublease with Gould Paper Corp., which leased the space from owner Eyal Ofer’s Global Holdings.
December 15
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Riggs Washington D.C. named one of “The Best New Hotel Bars & Resturants in the World: 2020 Hot List” by Conde Nast Traveler
In a capital scene abuzz with newcomers, Riggs easily grabs the attention. The first American property from Lore Group, the firm behind Sea Containers London and Pulitzer Amsterdam, is housed in a former bank dating from 1891.
December 15
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Riggs D.C. included in Architectural Design’s ‘The Best-Designed New Hotels of 2020’
The historic building that was once home to Riggs National Bank (known as the Bank of Presidents) is being transformed into a hotel, opening in early 2020. The 19th-century architectural marvel is a nod to the golden age of banking. Designed by Jacu Strauss, the creative director of Lore Group, Riggs plays on the line between public and private spaces and what happens in them.
December 15
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Silver Lyan highlighted in Vogue’s ‘2020’s Most Anticipated American Resturant Openings’
Early 2020 Globally-acclaimed, London-based barman Ryan Chetiyawardana—whose bar Dandelyan was, last year, crowned best bar in the world by World’s 50 Best Bars—is opening his first U.S. drinking den. Silver Lyan will debut within Washington, D.C.’s forthcoming Riggs Washington DC hotel.
December 15
