By Alessia Pirolo 9/14/12 4:28pm

Sales Beat

Joshua Rechnitz. Photo courtesy of the Hub blog.

Philanthropist Plans Art Center in Former Gowanus Powerhouse

Joshua Rechnitz, who caused stir last April when he pledged the single-largest donation to a New York City public park ever, is expanding his philanthropic activities to the art world. Mr. Rechnitz’s Powerhouse Environmental Arts Foundation has just paid $7million for an industrial building on the Gowanus Canal and plans to turn it into an exhibition center, The Commercial Observer has learned. Read More

By Guelda Voien 10/14/11 5:50pm

Acquisitions

The iconic Clocktower Building is changing hands

Clocktower Building Strikes Deal

Africa Israel USA, the controversial owner and operator of commercial properties across the United States, has entered into a contract to sell 5 Madison Avenue to an undisclosed investor for $165 million. Read More