Sales Beat

Marcus & Millichap Arranges $8.9 M Sale of Washington Heights Building Near Medical Community Epicenter

1090 St. Nicholas Avenue

Marcus & Millichap has arranged the $8.9 million sale of a six-story, 42-unit elevator building at 1090 St. Nicholas Avenue in Washington Heights, positioned in a pocket of the neighborhood anchored by a number of medical institutions.

The buyer, an undisclosed local investment firm, will continue to run the residential, mostly rent stabilized apartments and retains the Metropolitan Center for Mental Health as a tenant in the basement-level commercial space. Read More

Construction Beat

Weill Cornell Tops Out at 19 Stories

Weill Cornell Medical College

The very last bucket of concrete was lifted to the highest levels of Weill Cornell Medical College’s towering new $650 million Belfer Research Building last week.

Now with its structure complete, the building looks to be entirely finished by 2014, according to a release issued late last week. Read More