Inside Midtown’s Premier condo building featuring a 50 Million Dollar Penthouse and soon to be completed renovated designer units

Top designers hailing from NYC and Europe came together on this unforgettable night to end NYFW 22 – featuring their latest fashion designs at this unique event. Creativity and design was on full display with Virtual Reality technology showcasing how luxury, real estate, and digital design blend together seamlessly and provide a new twist for how the luxury real estate market is represented. 

Today’s patrons crave sophisticated and memorable digitally-driven experiences and the Lopera Team at Compass Real Estate in partnership with Cassa Residences are ahead of the game in ensuring that every moment from the time people set foot in the venue to as they move through the event space leaves a positive lasting impression.

$50M Mansion in the Sky, By Solly Assa and Assa Properties at the NYC Cassa Tower

New York City is widely recognized as the world’s largest business hub as well as the world’s cultural epicenter. With so much to offer, NYC is home to some of the most impressive and desirable properties across all major international cities.

While New York City has plenty of real estate variety throughout its various neighborhoods, Manhattan-based penthouses are typically the most popular luxury real estate option for those that can afford them. As the NYC real estate industry is roaring back from any complications arising during the pandemic, with a record $30 billion of sales recorded in 2021 as reported by CNBC and the New York Times, there are a handful of once-in-a-lifetime offerings currently available.

Solly Assa is launching his new $50 million New York City luxury penthouse

The Cassa Hotel and Residence is the paradigmatic New York City luxury penthouse. This new offering, from Solly Assa of Assa Properties, is arguably the most luxurious in all of Manhattan. 

As New York City’s luxury real estate market is back on the rise, Assa is launching the Cassa Hotel and Residence at the perfect time. With a record year of $30 billion worth of sales recorded, as reported by New York Times & CNBC, the New York City real estate market is fully recovered from the pandemic and is currently thriving. As a penthouse, the Cassa Hotel and Residence is amongst the most desirable luxury properties in the city. 

Long Beach Tower Trades for $86M

Parallel Capital Partners has sold Shoreline Square, a 410,920-square-foot office tower in Long Beach, Calif., for $85.5 million. The buyer and co-managers are Jack Sitt Real Estate, along with Isaac and Solly Assa, founder of Assa Properties. Newmark brokered the sale on behalf of the seller. Citibank originated a $55.6 million, five-year loan for the acquisition.

Built in 1987, the 20-story tower last traded in 2014, when the now-seller bought it for $101.7 million, according to CommercialEdge data.

The building went through a renovation process in 2008, with the previous owner also implementing several sustainability measures that led to the building attaining LEED certification to the Gold level. The previous ownership also renewed GSA’s lease at the property for 20 years.

Solly Assa’s Cassa NY is the premier residence for the stars

Solly Assa has been in real estate for over two decades, his empire spans across the U.S. and Mexico as his company, Assa Properties, has acquired over 3 million square feet of assets in both countries. Assa properties mainly targets development and investment into major retail, residential, and commercial properties. Solly Assa’s architecture is completed by TEN Arquitectos/Enrique Norten, which is a premier architecture service that has worked on a broad array of award-winning and acclaimed architectural projects that span diverse types, scales, including furniture design, single-family apartments, residential, commercial and cultural buildings. Additionally, this is in collaboration with CentraRuddy. Founding principals of CentraRuddy include John Centra and Nancy J. Ruddy, who have been providing quality projects in architecture, planning, interior design and product design for more than 20 years.

Investr Cap, Founded By Sam Gabbay And Solly Assa, Helps Startups Live The American Dream

These entrepreneurs show us that the American Dream – the freedom to start something out of nothing and pursue your own personal passion – is still alive and well. There are certainly more obstacles that may exist today than there were prior, but starting a business is always challenging. If the pandemic is the main thing that’s holding you back from starting a business right now, I’m here to tell you that it shouldn’t because Investr Cap can help bridge the current gaps that exist when it comes to helping your startup succeed.

$50M Mansion in the Sky, By Solly Assa and Assa Properties at the NYC Cassa Tower

New York City is widely recognized as the world’s largest business hub as well as the world’s cultural epicenter. With so much to offer, NYC is home to some of the most impressive and desirable properties across all major international cities.

While New York City has plenty of real estate variety throughout its various neighborhoods, Manhattan-based penthouses are typically the most popular luxury real estate option for those that can afford them. As the NYC real estate industry is roaring back from any complications arising during the pandemic, with a record $30 billion of sales recorded in 2021 as reported by CNBC and the New York Times, there are a handful of once-in-a-lifetime offerings currently available.

California Long Beach office tower trades for $86M to Solly Assa

Real estate experts and institutions believe that 2022 will be another record year for the industry. With positive signs of growth for the commercial real estate market and with demand for residential real estate continuing to outpace the supply of residential properties — resulting in an increase in prices, the real estate market has gotten off to a strong start in 2022. 

While some people are attached to the habits they formed during work from home quarantine periods, most people are ready to get back into the office. A 2021 Harvard study shows that 81% of people want to go into the office at least a few days a week.

Long Beach Tower Trades for $86M

Parallel Capital Partners has sold Shoreline Square, a 410,920-square-foot office tower in Long Beach, Calif., for $85.5 million. The buyer and co-managers are Jack Sitt Real Estate, along with Isaac and Solly Assa, founder of Assa Properties. Newmark brokered the sale on behalf of the seller. Citibank originated a $55.6 million, five-year loan for the acquisition.

Built in 1987, the 20-story tower last traded in 2014, when the now-seller bought it for $101.7 million, according to CommercialEdge data. The building went through a renovation process in 2008, with the previous owner also implementing several sustainability measures that led to the building attaining LEED certification to the Gold level. The previous ownership also renewed GSA’s lease at the property for 20 years

On The Market: Step Inside This Midtown Castle In The Clouds

Soaring high above Midtown Manhattan, Cassa Hotel and Residences’ penthouse condo blends timeless opulence with modern design, setting a new standard for sky-high luxury. With six bedrooms, seven full bathrooms and three half-baths, this extraordinary abode represents the pinnacle of New York City elegance. An ultramodern staircase invites eyes to climb upward, as three and a half open floors present a marvel of living space. Between an abundance of windows and ceilings raised over 20 feet high, no room is left wanting for light.