Empire Capital?and?Namdar Realty Group LLC?have agreed to buy?Related Companies Fund Management’s 10-story, 220,000-square-foot office building at?321 West 44th Street?for less than $50 million — a roughly?67 percent decrease from Related’s purchase of the property in 2018. Read more: https://lnkd.in/edf_2thP
关于我们
- 网站
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https://www.empirecapitalholdings.com
Empire Capital Holdings的外部链接
- 所属行业
- 商业地产
- 规模
- 2-10 人
- 总部
- New York,New York
- 类型
- 私人持股
- 创立
- 2004
- 领域
- Commercial Real Estate Acquisitions和Real Estate Investment
地点
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主要
141 West 36th Street
17th Floor
US,New York,New York,07059
Empire Capital Holdings员工
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Josh Arash Rahmani
Founder at Think Empire / Empire Capital Holdings / CRE investments & RE-tech
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David Yomtobian
VP of Executive Relations at Empire Capital Holdings
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Ebi Khalili
Founding Partner / Principal at Empire Capital Holdings
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Aaron Bergman
Partner, Chief Operating Officer at Empire Capital Holdings
动态
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A Manhattan office building is set to be sold at a roughly 67% discount, signalling just how far values may have fallen for certain properties. Empire Capital and Namdar Realty have agreed to buy 321 W. 44th St. from Related Fund Management for less than $50 million, a massive drop from the $153 million that Related purchased the building for in 2018. The market largely froze up over the past two years as lenders and owners struggled to agree on pricing, holding onto assets instead of being forced to sell at fire-sale prices. But looming maturities and rising costs are starting to push more owners to cut their losses. Read more Bloomberg News