News Snapshot:
Magnum Real Estate Group will accept bitcoin as consideration for the sale of three ground-level shops worth US$29 million at a luxury residential project in Manhattan , making it another commercial development in New York City to accept the promising but volatile digital currency. The shops at 385 First Avenue, also known as CODA, covers more than 9,000 square feet of space, and are currently leased to M&T Bank, restaurant Mighty Pita, and clinic ProHEALTH Urgent Care. Buyers will get access to immediate cash flow because they are fully built-out and already generating income, the developer said. “We are a...
