261 Fifth fetches $114m.The Capital Transactions Group at Studley has arranged the $114 million sale of 261 Fifth Avenue on behalf of KBS (KiloBits per Second) Could also be KBs for kilobytes. See Kbps and kilo. KBS - Knowledge-Based System Realty realty n. a short form of "real estate." (See: real estate) REALTY. An abstract of real, as distinguished from personalty. Realty relates to lands and tenements, rents or other hereditaments. Vide Real Property. Advisors. The buyers are a partnership of The Carlyle Group  The of this article or section may be compromised by "weasel words".You can help Wikipedia by removing weasel words. The Carlyle Group is a Washington, D.C. and L & L Acquisitions. The 426,000 s/f property is 91 percent occupied and caters to home textile tenants, including industry giants Croscill Home Fashions and Richloom Sales. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Woody Heller, Executive Managing Director and Group Head of Studley's Capital Transactions Group, "When we went to market last fall, it was difficult to anticipate how a showroom property would be received. To our delight, 261 Fifth attracted tremendous investor interest." Studley received a total of 33 bids, the buyers went hard in a week, and the sale closed six weeks later. |
|
||||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion