David Zwirner adds gallery, office space in Chelsea

David Zwirner Gallery has picked up another piece of Chelsea. The New York art fixture signed a 36,000-square-foot lease with Elijah Equities at 520 West 20th Street, the Commercial Observer reported. Zwirner’s new headquarters and gallery space will occupy part of the ground floor and the entire second and third floors. The asking rent for available space in the seven-story, 100,000-square-foot converted warehouse is $145 per square foot. The lease, which didn’t require brokers, is

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Hugh Jackman buys penthouse at Jean Nouvel tower

Hugh Jackman is trading neighborhoods, closing on a new Chelsea condo almost three months to the date after listing his West Village triplex. Jackman paid just over $21.1 million for a penthouse unit at the Jean Nouvel tower at 100 Eleventh Avenue, the Wall Street Journal reported. It’s the sixth-highest sale at the building, according to Streeteasy. The 4,700-square-foot, four-bedroom apartment was originally listed for $25 million. The unit has 14-foot floor-to-ceiling windows and 3,700

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CBRE snaps up $245M Chelsea apartments

CBRE’s investment arm bought an apartment building in Chelsea for $245 million. CBRE Investment Management bought the 18-story building at 160 West 24th Street from Greystar Real Estate Partners, The Real Deal has learned. The purchase price works out to $1.2 million per unit for the 204-unit, free-market building. A representative for Greystar declined to comment and a spokesperson for CBRE IM could not be immediately reachedt. Greystar is staying on as the manager of

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Watermark Capital sells Holiday Inn in Chelsea for $80 million

Watermark Capital has found a taker for the struggling Holiday Inn in Chelsea. Two Kings Real Estate bought the 226-key hotel from the Chicago-based investment firm for $80.3 million, according to city property records filed Tuesday. Two Kings principal Christopher Wang signed for the buyer. Brendan Medzigian, Watermark’s head of transactions, signed for the seller. Two Kings acquired the property at 125 West 26th Street for 30 percent less than the $113 million Watermark paid

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John Catsimatidis plans mixed-use Chelsea project

John Catsimatidis is beginning to redevelop some of his own properties, including a one-story commercial building in Chelsea. Catsimatidis’ Red Apple Group filed plans for a 76,000-square-foot mixed-use project at 280 Eighth Avenue in the Manhattan neighborhood, Crain’s reported. The 10-story, 113-foot-tall building will include 64 residential units, community space and ground-floor retail. Catsimatidis has owned the property for 40 years, but only recently started looking to redevelop some of his own properties after his

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Google opens new Pier 57 to employees, public

The search (and wait) is over. Google’s new campus atop a pier that juts out into the Hudson River officially opened to workers and the public earlier this week. According to the New York Post, the 630,000-square-foot space on Pier 57 in Chelsea features three buildings for 450 employees — as well as a two-acre publicly accessible rooftop park along with a food hall and an outdoor screening area for movies during the Tribeca Film

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Strip club owner alleges Tabak family conspiracy in $100M suit

When God closed the door on a Manhattan strip club, he opened a window for lenders to fight for control of a real estate portfolio allegedly worth over $200 million. Scores, the notorious Chelsea gentlemen’s club that inspired the 2019 film “Hustlers” but was shuttered by the pandemic, is one of several properties owned by Robert Gans. In a lawsuit filed this week, the real estate investor alleges a “sweeping and predatory scheme” on the

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Ashkenazy loses original Barneys building

It’s officially over for Ben Ashkenazy at Barneys. Lender Argentic Investment Management acquired the Chelsea building that housed the original Barneys New York department store after a $49.5 million foreclosure judgment.  Argentic took over from from Ashkenazy Acquisitions through a referee deed, PincusCo reported. The transfer closed two weeks ago at a price of $7 million. The foreclosure had been a long time coming for retail powerhouse Ashkenazy. A lawsuit was filed against the shell

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Hotel Chelsea quietly reopens after renovation delays

Hotel Chelsea is partially back in business, ready to rent out rooms to those who can tolerate some of its ongoing construction. The iconic hotel is taking bookings across two floors of rooms, the New York Post reported. The hotel’s website includes a message that rooms are being offered at a “hard-hat” rate due to ongoing renovation of the property at 222 West 23rd Street. While the limited bookings don’t constitute a full reopening, the

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Tech entrepreneur behind record-breaking $22.5M Chelsea townhouse sale

You read that right. A trust managed by Luis von Ahn, the reCAPTCHA inventor and Duolingo co-founder, is the buyer behind the record-breaking, $22.5 million townhouse sale in Chelsea. The five-level, 7,000-square-foot mansion was sold by Fred Wilpon and Saul Katz’s Sterling Equities in November. Von Ahn developed reCAPTCHA while teaching computer science at Carnegie Mellon University. The omnipresent program generates the squiggly words websites use to confirm users are human. Von Ahn sold it

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