FBE Limited picks up Inwood development site for $26M

Abraham Fruchthandler’s FBE Limited paid $26 million for an Inwood development site where two years ago the City Council had quashed a rezoning. Acadia Realty Trust sold the property at 4650 Broadway, according to property records. The company, in partnership with Washington Square partners, had previously planned a 15-story building with 175 units of affordable housing[…]

Resi firms descend on remnants of Town

Within hours of the demise of Town Residential‘s sales and leasing divisions on Thursday, the text messages and emails started flying. With several hundred brokers suddenly free agents, Town’s rivals wasted no time swooping in to lay claim on remnants of the carcass. One senior brokerage executive compared the phenomenon to locusts descending. “I’ve never[…]