Showing posts with label IRSA. Show all posts
Showing posts with label IRSA. Show all posts

Wednesday, September 22, 2010

Former Kemsley buildings trade

NYPost reports that


Invesco has stepped up to the plate to win 100 Fifth Ave. for $93.5 million, while 183 Madison is going to Peter Armstrong's Rigby Asset Management with his partner, the Argentinean fund IRSA, for $75 million.

Pricing for 183 Madison on the southeast corner of 34th Street came in at $305 for 246,000 feet, while 100 Fifth's 258,000 square feet in the Union Square area ratcheted a bit higher at $360 a foot.


These are the buildings formerly owned by Paul Kemsley's Rock & HBOS and have been in receivership (PwC) for at least a year. PK also went long Lehman after it went bust and most recently bought the NY Cosmos (soccer).