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Are buyers flinching just as new developments hit the market?

WSJ - Ariel Stulberg

With the fall selling season upon them, developers are breaking out the bubbly, hosting swanky parties to spread the word about dozens of new projects. But will enough buyers be interested? At Toll Brothers City Living’s 1110 Park Avenue, Zeckendorf’s 520 Park Avenue, and the condo conversions at the Chatsworth and at Ben Shaoul’s 100 Barclay Street, and many ... Read More >>

RSP buys 58 units at the Sheffield from Fortress for $25M

Rey Mashayekhi

Nearly 600-unit Midtown condo tower rescued from foreclosure in 2009 Private equity giant Fortress Investment Group sold 58 separate units at its Sheffield condo tower to RSP Companies for $25.25 million – more than the $20 million it spent to acquire the Midtown building at a foreclosure auction in 2009. Fortress closed on the sale of the units, at 322 West 57th Street in ... Read More >>

Why are so many investors betting on rental housing?

The Real Deal, By Konrad Putzier

Blackstone, Starwood and others cashing in on declining homeownership Middle-income rental buildings are all the rage these days among some of the country’s biggest real estate investors. Take the Blackstone Group, which recently dished out $700 million for the Caiola family’s Manhattan portfolio, or the Related Cos. stealth acquisitions of multifamily ... Read More >>