Leo Friedman buys three Bronx nursing homes for $110M

Nursing home owner Leopold Friedman purchased three adjacent elder care facilities on New Jewish Home’s University Heights campus in the Bronx for $110 million, according to property records filed with the city Friday. The facilities are part of the nonprofit New Jewish Home’s complex at 100 West Kingsbridge Road, 2553 University Avenue and 2545 University[…]

Aby Rosen’s RFR buys GreenOak out of 285 Madison for $334M

Aby Rosen’s RFR Holding has bought the majority interest in 285 Madison Avenue from its partner GreenOak Real Estate, paying $334.1 million for GreenOak’s 85 percent stake, property records filed with the city Friday show. East End Capital and Downtown Properties retain minority stakes in the 28-story, 530,000-square-foot building, located in Midtown at East 40th[…]

New observation decks atop prominent LA skyscrapers vie for visitors — and dollars

From the Southern California Market Report: When tourists envision Los Angeles, they typically imagine Venice Beach, Beverly Hills mansions and the iconic Hollywood sign. Few of them think of the Downtown Los Angeles skyline. But the developers of DTLA’s tallest buildings are working hard to change that, adding sky-high amenities that simultaneously raise their profiles[…]

Chetrit Group files plans for 46-story apartment-hotel project in Hudson Yards

Joseph Chetrit took another step toward developing a 46-story hotel and residential building at his Hudson Yards development site. The Chetrit Group filed plans Friday to build a 622-foot-tall, 373,275 square-foot tower at 545 West 37th Street, just east of 11th Avenue, according to permits filed with the city’s Department of Buildings. Floors nine through[…]

NYC’s biggest real estate firms are “paranoid” about cybersecurity and excited by virtual reality: panelists

“Cybersecurity is number one for me,” said Marc Holliday, CEO of SL Green Realty who moderated one of the panels. “Is this a burning issue for your firms,” he asked the other panelists, “or am I just paranoid?” If he was paranoid, so were they, the other panelists, including Robert Entin, chief information officer at[…]