Billy Macklowe, Principal Financial buy Hell’s Kitchen office building for $107M

311 West 43rd Street in Hell’s Kitchen and Billy Macklowe (credit: STUDIO SCRIVO)

Billy Macklowe’s William Macklowe Company and a subsidiary of Iowa-based Principal Financial Group acquired a 14-story office building in Hell’s Kitchen from Atlas Capital Group for $107 million, sources told The Real Deal. (more…)

Brooklyn to lead country in 2016 apartment construction

Artist rendering of Brooklyn’s skyline in 2020 (credit: CityRealty)

People want to live in Brooklyn, and developers are responding in force, with more units slated to come online in the borough in 2016 than in any other U.S. submarket. (more…)