Media

New Tower in Works for 42nd & Fifth

New York Post

Developer Mitch Rutter has plans under way to build a 300,000-square-foot tower on the northeast corner of 42nd Street and Fifth Avenue, The Post has learned.

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Selling Condos to Nations: a Matter of Diplomacy

The New York Times

When Mitchell B. Rutter bought 2 Dag Hammarskjold Plaza a year ago, he entered a strange new world where sovereign immunity, geopolitical alliances and hints of corruption counted for as much as the usual factors that make a real estate investment succeed or fail.

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Commercial Property/Rockville, Md.; Demolishing a Mall to Start From Scratch

The New York Times

Block by block, a New York developer is demolishing a 300,000-square-foot shopping mall built in the late 1960's in the heart of this city of 47,000 residents 16 miles north of Washington D.C.

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In the Region/Westchester; Sales Rising at Big Downtown White Plains Condos

The New York Times

After years of stalled sales, sponsor defaults and other financial difficulties, Westage Towers and Stewart Place, two large high-rise condominium buildings in this city's downtown area, have been attracting renewed sales interest, especially in the last few months, according to brokers.

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Boomer Barons

New York Daily News

Out of the rubble of the real estate crash of the early 1990s, a new generation of moguls has appeared

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Essex Acquires Stewart Plaza

Real Estate Weekly

A venture led by Manhattan-based Essex Capital Partners Ltd. Recently acquired Stewart Plaza, a 4-year old, 222,500 square-foot shopping center in Garden City, Long Island, anchored by a 110,000 square-foot Caldor.

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Firm’s Towering Loss

New York Daily News

In another example of a foreign investor getting clobbered from a Manhattan real estate investment Jamaica’s largest insurance company has bailed out of a disastrous office building purchase, losing more than $8 million.

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Forty Under Forty

Crain's New York Business

In 1995, MITCH RUTTER bought two Manhattan apartment buildings, led the acquisition of 1500 Broadway and started a 10-acre mixed-used complex in the center of downtown Rockville, Md.

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New Center for Maryland’s Second City

The Wall Street Journal

In 1995, MITCH RUTTER bought two Manhattan apartment buildings, led the acquisition of 1500 Broadway and started a 10-acre mixed-used complex in the center of downtown Rockville, Md.

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Office Tower Planned at Historic Corner: 5th and 42nd

The New York Times

A development group plans to build a 30-story office tower at one of the city’s busiest and most sought after intersections, the northeast corner of Fifth Avenue and 42nd Street.

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Rutter Seeking His Fortune in Value-Added Deals

Commercial Property News

Essex Capital Partners Ltd. President Mitch Rutter is not afraid of value-added opportunities. In fact, he is on his way to building quite a real estate portfolio with them, having invested some $200 million in 1995 alone. Most of Essex Capital’s projects are purchased from banks that have taken control of the property from either the developer or the previous owner.

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Unsold Apartments to Yield Larger, Fancier Units

The New York Times

A developer is renovating 80 apartments that it bought in January in a 208-unit building on the Upper East Side of Manhattan and combining at least 15 units.

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