American Red Cross building fetches $72m.The American Red Cross American Red Cross: see Red Cross. of Greater New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of is shopping for a new HQ after inking a $72 million deal to sell its current Upper West Side home. The charity announced an agreement to sell the 165,0000 s/f building at 150 Amsterdam Avenue it has occupied for over 40 years to 150 Amsterdam Avenue Holdings, a private New York family real estate investor A real estate investor is someone who actively or passively invests in real estate. An active investor may buy a property, make repairs and/or improvements to the property, and sell it later for a profit. . 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. Red Cross spokeswoman, Leslie Gottlieb, the organization needs bigger and better facilities to cope with the demands of 21st century crisis'. "The Red Cross needs an up-to-date facility that meets the needs of post-September 11 New York," said Gottlieb. "We need more technology, better telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. equipment, better classrooms and facilities to help New Yorkers be prepared for 21st century issues." It's expected that the Red Cross will remain at the five-story, 150 Amsterdam Avenue until late 2005. Studley's Ira Schulman represented the Red Cross in the sale of the property and is heading the hunt for new premises. |
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