Month: December 2001

Source: Real Estate Alert December 19, 2001 An investment group has agreed to pay a New York State agency about $160 million for U.N. Plaza, a three-building office complex in Midtown Manhattan that is leased to the United Nations. The buyer is Capital Real Estate, a New York firm controlled by a group of wealthyRead More »

Source: Real Estate Alert – The Grapevine December 12, 2001 Institutional investors have slowed their purchases of real estate this year, while privately held firms and individuals have increased their holdings. According to a report from Grubb & Ellis, institutional buyers — including pension funds, insurers and banks — accounted for just 18% of theRead More »