Global home sale record quietly broken in Monaco
A few weeks ago, an anonymous buyer appeared to set a world record for most expensive home purchase. Turns out, it may not have even been within $200 million of an earlier deal kept under lock and key. Billionaire Rinat Akhmetov, the richest man in Ukraine, bought a five-floor luxury apartment at th
CSC nabs financing for another NYC conversion
CSC Real Estate has another Manhattan conversion in play, taking up the mantle from David Werner. The developer landed $108 million in construction financing for the office-to-residential project at 300 East 42nd Street, also referred to as 770 Second Avenue, the Commercial Observer reported. SCALE
Pension fund investments in Carlyle draw fresh scrutiny
Ties between the Carlyle Group and the pension funds operated by both New York City and New York State are being scrutinized once more amid the fever pitch of opposition to institutional players in the real estate market. In recent years, pension funds from the two governments invested $578 million
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