
Gencom shells out $320M for Ritz-Carlton Central Park South
Gencom shelled out six figures for The Ritz-Carlton Central Park, adding another trophy to its Manhattan hotel portfolio. The Miami-based investment firm acquired the 253-key luxury hotel at 50 Central Park South for about $320 million from Westbrook Partners, a source with knowledge of the deal sai

Hamptons developer faces default claims 
Jeremy Morton caused a stir when he picked up two pieces of prime retail space in Sag Harbor about a year ago. The developer has been a quiet player in the East End’s restaurant and commercial scene in recent years. He purchased local hotspots Ruschmeyer’s and Rick’s Crabby Cowboy Café in 2020 and 2

David Weinreb’s West Chelsea penthouse rents for $177K a month
David Weinreb nabbed a tenant for his West Chelsea penthouse for a whopping $177,500 per month. The former CEO of Howard Hughes and founder of real estate investment firm Weinreb Ventures inked a roughly year-long lease for his full-floor apartment at 551 West 21st Street, The Real Deal has learned.
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