Rich Bockmann
Commercial Bureau Chief and Reporter at The Real Deal
Reporter on a sempiternal search for a place to spend $10 words. Send tips to [email protected] | RTs = endorsements, not
Articles
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3 days ago |
therealdeal.com | Rich Bockmann
A former vice president in Vornado Realty Trust’s vaunted leasing office has been charged with stealing millions of dollars from the company, one of New York’s biggest commercial landlords. Jared Solomon was indicted by prosecutors from the U.S. Southern District’s office in December on one count each of wire fraud and aggravated identity theft, court records show. According to the indictment, the VP devised a scheme to defraud an unidentified “Victim Company 1” between 2009 and 2023.
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1 week ago |
therealdeal.com | Rich Bockmann
The developer facing up to 15 years over allegedly bribing a city official claims prosecutors misrepresented their longstanding — and above-board — relationship. Now, he’s moving to get the charges thrown out. Marcal Group’s Mark Caller was accused of offering ex-Buildings Commissioner Eric Ulrich a sweetheart deal on a Rockaway Park apartment in exchange for favors.
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2 weeks ago |
therealdeal.com | Rich Bockmann
Scott Rechler has taken one step closer to owning his coveted Madison Avenue trophy. Rechler’s RXR signed a hard contract for 590 Madison Avenue and put a $50 million deposit down on the Plaza District skyscraper, sources familiar with the sale told The Real Deal. The company signed a letter of intent about three and a half weeks ago to purchase the building from the STRS Ohio state teachers’ pension fund for close to $1.1 billion.
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2 weeks ago |
therealdeal.com | Rich Bockmann
A scion of the Safra banking fortune is pumping more money into the red-hot office-to-residential space. Edmond M. Safra, the son of Banco Safra co-founder Moise Safra, is backing two more conversion projects by the Vanbarton Group through his company AVRS Partners, The Real Deal has learned.
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3 weeks ago |
therealdeal.com | Rich Bockmann
Brookfield is nearing a deal for a stake in a Midtown South office building at a valuation around $400 million — the latest example of big-ticket office deals making a return to New York. The Canadian private equity giant has reached an agreement to buy a 49 percent stake in 63 Madison Avenue from a joint venture of George Comfort and Sons, Jamestown and Loeb Partners Realty, The Real Deal has learned.
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This flew under the radar last week but it's a big deal: Gucci's owner is in talks to sell part of the $1B 5th Ave property it bought from Jeff Sutton last yr Kering is looking to raise $2B euro through RE sales after going on a $4B shopping spree https://t.co/4nOCXve0lR
Vanbarton Group (one of NYC's biggest office-to-resi converters) has lined up its next deal: buying 6 East 43rd St from the Milstein family's Emigrant Savings Bank for $140M https://t.co/KBqm6tFJu1
Scott Rechler's RXR signed an LOI to buy 590 Madison Ave for close to $1.1B, sources told TRD. Several bidders had floated the idea of buying the skyscraper in installments, but the high level of competition led to a 100% sale https://t.co/A9EEffulUU