Brian Fallon, partner at O'Connor Capital Partners, tellsGlobeSt.com that the business plan for the Manhattan Houseconversion always anticipated the sale of the commercial premisesprior to year end 2008. "Given the capital markets, this is asignificant milestone for both O'Connor Capital Partners andMadison Capital."
Fallon tells GlobeSt.com that the commercial premises wereoffered to the market during the summer. He further notes that itwas a very "spirited competition" with "many interestedparties.
As GlobeSt.com previously reported, the Real Estate FinanceBureau of the State of New York Office of the Attorney Generalrecently declared locally based O'Connor Capital Partners'Manhattan House's offering plan effective. The Attorney General hadaccepted for filing an amendment to the offering which authorizesformation of the condominium here at 200 E. 66th St.
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