Cohen works out $10m deal for condo developer.CBRE CBRE CB Richard Ellis (real-estate firm) CBRE Chemical, Biological, Radiological and Explosive CBRE Component-Based Reliability Estimation CBRE Coldwell Banker Richard Ellis (Boston, MA) | Melody, the real estate banking arm of CB Richard Ellis CB Richard Ellis Group, Inc. NYSE: CBG is a multinational real estate corporation currently based in Los Angeles, California, U.S.A.. On December 20, 2006, the corporation, also known as CBRE, completed acquisition of Trammell Crow Co. in a transaction valued at $2. , has arranged an equity investment of $10,000,000 on behalf of Wheaton Associates for the acquisition and development of a 59 unit luxury midi-rise condominium condominium In modern property law, individual ownership of one dwelling unit within a multidwelling building. Unit owners have undivided ownership interest in the land and those portions of the building shared in common. project at 410 4th Avenue in Park Slope Brooklyn, 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 . Mark Cohen For the fictional character, see . For the Pennsylvania legislative leader, see . For the Irish cricketer, see . For the comedian, see . Mark R. Cohen (born 1943) is a Professor of Near Eastern Studies at Princeton University. , senior director in CBRE | Melody's New York office was exclusively retained to secure the equity investment. Fredric Oliver, a partner in Wheaton, commented, "We had a very substantial amount of resources at risk both in time and money. Of paramount importance to us was an equity investor we could rely on to be there at the closing table plus understand a complex development process. "To say the least, we were impressed with Mark as he delivered on all counts. The equity was provided by Prudential Real Estate Investors 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. . As developers we get the added advantage of drawing on Prudential Real Estate's Investors vast storehouse of knowledge, financial strength and credibility within the real estate community". 410 4th Avenue is situated on the edge of Park Slope along the 4th Avenue corridor just one block from 5th Avenue (Park Slope's answer to Manhattan's Soho). The immediate area is rapidly undergoing transformation to a luxury residential area serviced by high end retailers such as Whole Foods. The top eight floors of the building will have unobstructed views of the Manhattan Skyline and the Statue of Liberty Statue of Liberty great symbolic structure in New York harbor. [Am. Hist.: Jameson, 284] See : America Statue of Liberty perhaps the most famous monument to independence. [Am. Hist.: Jameson, 284] See : Freedom . 410 4th Avenue will be the first ultra-modern condominium building in the immediate area. It will combine a state-of-the-art facade of masonry and glass with all the amenities found in a luxury Manhattan condominium. The building will have an indoor garage accommodating 30 cars, a roof deck, designer lobby with concierge and a fully equipped fitness center. The units will have nine foot ceilings, terrace or balcony, hardwood plank floors along with individual washer and dryers. |
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