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Paramount Group, Inc. has announced it is seeking to enter into a joint venture agreement to sell a 10 percent interest in 1633 Broadway, a 2.5 million-square-foot trophy office building on Broadway between 50th and 51st streets in Manhattan.
The State of New York Court of Appeals has ruled that the Housing Stability Tenant Protection Act of 2019 cannot be applied retroactively to revive, or expand recovery on, a previously asserted rent overcharge claim. Now rent charges must be resolved under the law when they go into effect at the time the overcharge occurred.
Eric Fox of Cushman & Wakefield was recently inducted into the Association of Silicon Valley Broker Hall of Fame, where event proceeds are donated to selected charities that are recognized for life-changing efforts.
Realty Capital Partners and BKE Capital joint venture plans to spend several millions to renovate the 1970s-vintage Oak Lawn Heights multifamily property, modernizing and renaming it the Maverick at Oak Lawn.
First mortgage debt was secured by Sonnenblick-Eichner Company to refinance the Lone Star Court, a 123-room boutique hotel located within The Domain, a 303-acre master planned development.