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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1 week ago |
therealdeal.com | Rich Bockmann
David Bistricer is the latest developer to take a crack at one of Upper Manhattan’s long-stalled development sites. Bistricer’s Clipper Equity struck a deal to buy the large vacant plot of land at 1800 Park Avenue from the Durst Organization for more than $50 million, sources told The Real Deal. Bistricer confirmed the purchase but declined to comment further.
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1 week ago |
therealdeal.com | Rich Bockmann
A court date Friday morning for Nir Meir’s criminal fraud case left more questions than answers as to why the former HFZ Capital executive was ordered back to Rikers Island last week after he had been released on bail. Meir, who was arrested in early 2024 on charges related to a $86 million fraud scheme, spent more than a year waiting in jail before he was released on a $1 million bond in April and placed on 24-hour home confinement with two ankle monitors.
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1 week ago |
therealdeal.com | Rich Bockmann
Josh Rahmani and Ebi Khalil continue their office buying spree. The investors’ Empire Capital is in contract to buy a pair of Midtown South buildings for $130 million, sources told The Real Deal. Empire, which has been snapping up discounted office buildings in recent years, is buying 381 and 373 Park Avenue South from the Hemmerdinger family’s ATCO Properties, which has owned the pre-war buildings for decades.
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2 weeks ago |
deepnewz.com | Rich Bockmann
5 posts • GPT (4.1 mini)Published May 19, 2025, 09:07 PMRXR, the Manhattan-based property developer led by Scott Rechler, has agreed to purchase the office tower at 590 Madison Avenue for nearly $1.1 billion. The deal follows a competitive bidding process in which several bidders proposed buying the skyscraper in installments, but the final agreement was for a full 100% sale.
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2 weeks ago |
therealdeal.com | Rich Bockmann
Vanbarton Group’s appetite for office-to-resi conversions seems to know no bounds. The developer, already one of the most active converters in New York, is in contract to buy 6 East 43rd Street from the Milstein family’s Emigrant Savings Bank for about $140 million, sources told The Real Deal. The plan is to convert the roughly 400,000-square-foot building into somewhere between 450 and 500 rental apartments, sources said.
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In 2021 I uncovered allegations that Josh Schuster was stealing from his investors. Yesterday, federal prosecutors charged him with running a $10M Ponzi scheme https://t.co/bqMtJvqeHF
Tina Brown always talked about Vanity Fair hitting its sweet spot in that space between high/low culture @mrkorangy @trdny nails it here https://t.co/ImvXjtWvoL
Rosen's lost some trouble offices (Chrysler Building, 285 Madison Ave foreclosure last week) but he's also pulled off some face-saving deals (selling 590 Madison to Bloomberg, recapping 475 5th Ave) Here, he sells 522 5th Ave to Amazon https://t.co/skOdu0Yi7R
Aby Rosen's RFR sold 522 5th Avenue to Amazon, story coming