Just call it Alphabet Alley. Google, whose parent company is now named Alphabet, is buying everyone’s favorite Chelsea Market from Jamestown for a price that sources say will hit — if not top — an astounding $2.5 billion. At that altitude, the deal will become the second-largest full single-asset sale ever in the Big Apple. The $2.8 billion sale of the GM Building in 2007 is No. 1. Google previously bought 111 Eighth Ave. in...Read More
December 13, 2017
Real estate developer Louis Ceruzzi has grand plans for a sleek $1 billion Manhattan skyscraper, featuring luxury shops and condos that soar high above Fifth Avenue. Two years after Ceruzzi and a partner bought the site, they have yet to break ground. For now, all he has to show for his trouble is an empty lot, an idle backhoe and scattered piles of rubble.