Ground lease for The Milford Plaza Hotel in NYC is sold for $325M

davidc@ccr-mag.com March 18, 2013

Rockpoint Group, owner of the 1,300-room Milford Plaza Hotel in New York, and hotelier Highgate Hotels have sold the property's leased fee interest to a joint venture that includes the Deutsche Bank Asset & Wealth Management's real-estate arm. Reports indicate that the ground lease sold for about $325 million. Read the Hotel Management online story here.

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Arc’teryx eyes US growth strategy

Arc’teryx, a technical high performance brand turned cult luxury product and—more recently—a downtown New York City meme, is ready for worldwide expansion. It is understood that much of that growth is seen coming in North America, with New York being the key focus that brand