GGP, Simon Property Group bid for Aeropostale

General Growth Properties and Simon Property Group teamed up to bid for “substantially all” of Aeropostale’s retail properties. The clothing chain, which has struggled with growing competition from online retailers, filed for bankruptcy in May. Its properties are currently being auctioned off. The company disclosed the real estate investment trusts’ bid in a court filing Tuesday.[…]

Hamptons Weekly Roundup: William Merritt Chase house hits market, whose beach is it anyway? … & more

UPDATED, 7:20 p.m., Aug. 31: Sag Harbor seller hopes for presidential-sized profits Market watchers are wondering whether a 300 percent price hike is justified for President Chester A. Arthur’s former Sag Harbor home. (He was only president for two years, after all.) The house at 20 Union Street hit the market in August for $14.2 million,[…]

Hamptons Weekly Roundup: Historic hotel to become condos, William Merritt Chase house hits the market … & more

Owner of a former president’s summer house seeks to triple his gains in two years Some market watchers are ruminating over whether a 300 percent price hike is justified for Chester A. Arthur’s former Sag Harbor home. (He was only president for two years, after all.) The house at 20 Union Street has hit the[…]

Midwood Investment pays $42M for Williamsburg retail condo

Midwood Investment and Development picked up the 20,000-square-foot retail portion of Williamsburg’s Mill Building for nearly $42 million in an off-market deal — triple what it last sold for in 2014. The Midtown East-based firm paid $41.8 million to buy the retail condominium unit at the six-story, 164,000-square-foot property at 85 North 3rd Street, according[…]

Plastic surgeon wants BK condo board to reveal its warts

Celebrity plastic surgeon Michael Salzhauer — a.k.a. “Dr. Miami” — has sued the board of the Toren Condominium in Downtown Brooklyn, demanding to look at its books. In a suit filed Tuesday in New York State Supreme Court, Salzhauer accused the condo board of going “to great lengths” to conceal critical documents, including its budget and financial statements as[…]

Taconic to buy Village office building at 817 Broadway

Taconic Investment Partners is in contract to buy a 14-story, 114,000-square-foot office building at 817-819 Broadway in Greenwich Village for at least $90 million, sources told The Real Deal.  The developer is planning a repositioning of the property, located at the corner of East 12th Street, sources said. A document obtained by TRD shows that by April 30, 2021, all[…]