Westchester & Fairfield Cheat Sheet: Home sales are up by 12.7% in Connecticut, Ardsley chemical plant sells to environmental liability firm for $1.85M … & more

Single-family home sales are on the rise in Connecticut Home sales increased by 12.7 percent in Connecticut from July 2016 to July 2017, according to data from real estate and financial information firm the Warren Group. Statewide, 3,641 homes were sold this past July. The median price of single-family homes also increased about 2.7 percent:[…]

Aetna looks to sweeten Meatpacking deal

Insurance giant Aetna is looking to beef up the economic incentives the company’s getting in order to relocate its headquarters to the Meatpacking District from Connecticut. In addition to the $24 million in tax credits the state pledged to lure Aetna across state lines and into Aurora Capital Associates and Vornado Realty Trust’s 61 Ninth[…]

This month in real estate history: New York City’s oldest land records disappear, landlords vow a tax protest … & more

From the August issue: 1910: Oldest NYC land records go missing Nearly two dozen of the “oldest and most valuable real estate records of old New York” were confirmed missing, the New York Times reported 107 years ago this month. The 23 books of English and Dutch records, which dated as far back as 1686, were[…]

Akelius strikes $100M deal in Chelsea

Akelius Real Estate Management is moving deeper into the Manhattan multifamily market with the $100 million purchase of two adjacent Chelsea rental buildings, the firm told The Real Deal. The contiguous buildings at 225 West 23rd Street and 220 West 24th Street have a total of 245 apartments, a mix of free-market and rent-stabilized. The[…]

Akelius makes $61M Gramercy buy

Akelius Real Estate Management picked up a 117-unit Gramercy rental building from Benedict Realty Group for nearly $61 million. Akelius, the U.S. arm of Swedish investment giant Akelius that’s acquired a portfolio of more than 1,000 apartments since its launch in 2015, paid $60.9 million to buy the six-story building at 321 East 22nd Street,[…]

Capstone, Highgate buy the Nyma hotel

Capstone Equities, in partnership with Highgate, picked up the Nyma Hotel in Koreatown for $52 million, the latest hotel to trade in a struggling market, The Real Deal has learned. Capstone, a Midtown investment firm led by Josh Zamir and Daniel Ghadamian, provided the majority of the equity for the purchase of the 17-story, 171-key[…]