AGP Executive Report
Last update: 5 hours agoNew York Midtown Skyscraper: Demolition has started at 350 Park Avenue for Vornado and Rudin’s 1,414-foot office tower backed by Ken Griffin’s Citadel, with demolition expected to finish by March 2027 and the full project targeted for 2032. India Court Halt: Punjab and Haryana High Court restrained Oberoi Realty from fresh allotments at “Oberoi 360 North” in Gurugram pending a DTCP decision tied to a licensing dispute. U.S. Tenant Fees Lawsuit: A Maryland judge awarded a class judgment of $4.17M against Westminster Management over illegal late-fee charges tied to Kushner Cos. Affordable Housing Opens: Detroit’s Dr. Violet T. Lewis Village, a $29.3M adaptive-reuse senior housing project, is now fully open with leasing beginning July 22. Commercial Deals: Whitestone REIT shareholders approved an all-cash $1.7B acquisition by Ares; in Arkansas, a 14,938-sf medical office sold for $8.33M; and in Houston’s The Woodlands, NAES leased 28,000 sf at 1725 Hughes Landing. Safety & Compliance: A UK court fined a property management firm £50,000 after an apprentice carpenter was killed when unsecured boards collapsed during a renovation. Property Management Hiring: Partners Real Estate named Jen C. Suddreth Director of Property Management for Houston and Dallas.
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