Foreign concern buys 10 East 53rd Street.Millenium Estate, Ltd., the representative of a European pension fund, has purchased the building at 10 East 53rd Street for more than $55 million. The 350,000-square-foot building was sold by its owner, Blamore Real Estate Corp., in the all-cash deal. Ellen Israel and" George Israel of Galbreath-Riverbank acted as brokers in the transaction. Galbreath Riverbank's Executive Director A. Mitti Liebersohn also assisted. Baring Advisors Inc. acted as asset manager to Blamore Real Estate. SCI (Scalable Coherent Interface) An IEEE standard for a high-speed bus that uses wire or fiber-optic cable. It can transfer data up to 1GBytes/sec. (hardware) SCI - 1. Scalable Coherent Interface. 2. UART. Real Estate, the U.S. subsidiary of a Genoa Genoa (jĕn`ōwə), Ital. Genova, city (1991 pop. 678,771), capital of Genoa prov. and of Liguria, NW Italy, on the Ligurian Sea. , Italy-based development and construction company, was advisor to the buyer, did the due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. and has been appointed asset manager. 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. sources, the 38-floor building is 75 percent leased with Harper Collins as the major tenant. According to Guerrino Savio,president of SCI, his client took advantage of a combination of superior location, the depressed 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 values, and the exchange rate. In addition, he said, the building is substantially leased with tenants who hold 10-year leases. The positive cash flow, Savio said, will "buy some time" until the market turns around. Abrams Benisch Riker, Inc. will continue to serve as property manager. |
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