Top 10 NYC Commercial Property Sales Recorded in May 2016
The stats are in, and the latest PropertyShark data shows which New York City properties recorded in May clocked in the top ranking sale prices. Keep reading and discover which borough dominated, which made a surprise run for the top, which property types are the hottest now, and who the big deal makers are. 1. 1285 Avenue of the Americas, Manhattan Sales Price: $1,649,000,000 Buyer: RXR 1285 Owner LLC Seller: 1285 LLC This is another monumental deal closed by RXR. The new owner inherits the UBS as a tenant for 900,000 square feet of this building. Originally designed by…
Development Picture
Change in U.S. commercial real estate under construction
Manufacturing
Value of manufacturers’ new orders; not seasonally adjusted; $ in millions
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