Douglas Elliman is boosting its presence in Brooklyn and Queens by
acquiring branches of the boutique brokerage Space Marketing Shop, which specializes in
high -
end residential
properties.
Now, General Growth
Properties, a Chicago - based real - estate investment trust that owns, manages, leases and develops
high -
end retail
properties throughout the United States, and New York - based Ashkenazy Acquisition Corp., which specializes in trophy and iconic retail
properties in prime luxury locations around the country, have formed a joint venture to
acquire the minority interest in the district that is transforming into an ultra-luxury shopping area.