Sales Deals of the Week: $100M Goes ‘Poof’ in Hell’s Kitchen Office Deal

The top five sales across the country from June 10 to June 14


Now you see it, now you don’t. Related sold 321 West 44th Street to Empire Capital and Namdar Realty Group for less than $50 million this week, wiping away two-thirds of the value of the 10-story office building. Meanwhile, on the East Side, Douglaston Development dropped $114.5 million on a 90-unit apartment building, which it plans to partially demolish to make way for a better apartment building. Plus, Tishman Speyer parked $100.2 million in South Florida. The Rockefeller Center landlord is now also the Rock Lake Business Center landlord, its first industrial acquisition in that state.

Amount Address Buyer Seller Brokers Asset
$114.5 million 1450 Third Avenue, New York Douglaston Development Valeray Real Estate Company N/A Multifamily
$100.2 million 3150-3250 NW 33rd Street, Pompano Beach; Fla. Tishman Speyer IDI Logistics N/A Industrial
Less than $50 million 321 West 44th Street, New York Empire Capital and Namdar Realty Group Related Fund Management CBRE’s Doug Middleton, Jack Stillwagon and Pat Arangio Office
$27.5 million 1670 West Broadway, Anaheim; Calif. David Yazdinian Dana Springer, Michelen Yamashita and Clark Biggers III Marcus & Millichap’s Tyler Leeson, Matt Kipp, Nicholas Kazemi and Drew Holden Multifamily
$23.5 million Palm Beach Gardens, Fla. GL Homes Landstar Development Group N/A Residential
N/A Desert Hot Springs, Calif. Shopoff Realty Investments N/A N/A Development site

Sales Deals of the Week reflect deals closed or announced from June 10 to June 14. Information on sales can be sent to

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