McGraw-Hill residential conversion unaffected by Signature Bank failure

We reported last week that the owner of the Landmark McGraw-Hill Building at 330 W. 42nd St. were keeping their planned, partial residential conversion on the fast track. It so happened that a $140 million demonstrative loan on the property was being marketed for sale by Newmark. Commercial Supervisor Reported Earlier, the lender was none … Read more

Louis CK sells NYC townhouse at a loss

Louis CK has hit the sale of his historic Soho townhouse. Controversial Grammy-Award Winner comedian, who admitted to sexual misconduct in 2017 and recently sold Madison Square Garden, Bought a five bedroom property in 2012 for $6.5 million. But, according to property records filed this month, the comedian — otherwise known as Louis Shackley — … Read more

Deal-hungry buyer interested in NYC home tied to Guo Wengui

Sherry-Nederland, an 18th-floor penthouse at 781 Fifth Avenue, has now become a crime scene, following the dramatic arrest of Accused counterfeiter Guo Wengui Inside the apartment on Wednesday – and a suspicious fire may be triggered remotely while the FBI agents were still inside Guo was handcuffed. Guo, an exiled Chinese billionaire, was accused this … Read more

Big tech companies are selling their Silicon Valley campuses

San Francisco commercial occupancy has reached an all-time low in the past few years amid the pandemic, setting a new reality for Silicon Valley. Major tech players are looking to sell off their massive corporate complexes in the area, or reconsider new developments. Intel Corporation — the cloud computing, data center and semiconductor chip maker … Read more

Putin’s aide’s child turns out to be the owner of a luxurious London house

This little girl has quite an impressive property portfolio. It seems a Russian supermarket magnate and politician turned his young daughter into a landlord just 20 days before Russia was to launch a full-scale invasion of Ukraine. Russian billionaire Vladimir Gruzdev declared his 8-year-old child the owner of his multimillion-dollar London flat in February 2022, … Read more