Broker Alon Chadad’s client purchased a $14.3 million apartment on Manhattan’s Central Park South, then spent nine months seeking approval for plans to overhaul it. In January, the buyer changed course, listing the unit for sale at more than double what he paid just a year ago.
Boston Properties Inc. agreed to buy New York’s 510 Madison Ave. from Harry Macklowe for about $280.5 million, two months after the developer settled a lawsuit to halt a foreclosure on the office tower.
Developer Harry Macklowe , whose company lost control of seven New York skyscrapers in the credit crisis, agreed to buy an Upper East Side rental building for about $250 million, two people with knowledge of the deal said.
New York developer Harry Macklowe won a jury verdict that his company doesn’t owe Carl Icahn’s Meadow Star LLC $60 million for backing away from a 2006 bid to buy six New York skyscrapers from Reckson Associates Realty Corp.