EMC to sell off part of its business, but it's not the one you think

Skyview Capital, a California-based private equity firm, said Tuesday that it entered into an agreement to acquire the Syncplicity file-sharing business from Hopkinton-based EMC Corp.

Financial terms of the deal were not disclosed.

As part of the deal, EMC (NYSE: EMC) will retain a financial interest in Syncplicity, Skyview said in a release.

With Syncplicity, IT departments can create rules based on user, group or folder policy to determine whether files should be stored in the cloud or locally.

Syncplicity, which EMC acquired three years ago, is used by companies in a variety of industries such as technology, health care, financial services, education, law and engineering services.

EMC has been under pressure as of late to sell its stake in software company VM Ware Inc. from activist shareholder Elliott Management Corp.

Some of the most intriguing residential real estate deals, offerings or news bits take place in New York City. Here are three items that caught our eye:

Blocked from home for 16 years, developer sues — Although they bought their apartment 16 years ago in one of New York's best known addresses, one family hasn't been able to set a foot inside. According to the New York Post, prominent real estate developer Robert Siegel bought the former ballroom of the Dakota back in 1999 with hopes of turning it into an apartment , but he's been prevented from moving into his home because the co-op board has been using it for tenant storage. Siegel, who has filed a lawsuit against the famed building that once housed John Lennon, claims he was promised that the unit would be able to be converted into a four-bedroom after his $2.2 million purchase. After coughing up extra money including $1.1million in additional fees, Siegel says the building secretly changed the certificate of occupancy, stating that half of the unit should be reserved for storage. After jumping from apartment to apartment with his family for 16 years, Siegel is suing the board for $55 million for fraud, breach of contract, constructive eviction and other related causes of action. Siegel is known for developing buildings such as the Swiss Center at the Rockefeller Center and the Columbia University Miller Theatre.

New look for 36 Central Park South — In the latest news regarding "Billionaires' Row," 36 Central Park South has just debuted its newest renderings. YIMBY reports that the tower will be around 1,000 feet high, and display enormous glassy windows along the iron facade. The design also boasts curves that bulge outwards towards the north and south. Due to zoning laws, the project will require preserving a portion of the old Helmsley building, which currently stands on the land. The requirement has posed a unique challenge to the design, as former Handel Architects designers found a way for the structure to function as a 200-foot entrance with amenities like a pool. Now under the new designs of Herzog & de Meuron, the completion is tentatively scheduled for 2020.

Reverend's residence for sale — The former home of Reverend Dr. Samuel Turner is on the market for $17.95 million. Turner, who was a New York pastor and a head professor at the nearby General Theological Seminary, lived in the Chelsea residence from 1836 to 1861. The 440 W. 22nd Street property displays heavenly characteristics such as crown molding, marble fireplaces and ceiling medallions. An outside garden and a 1,250-square-foot cellar are also available. According to the listing, the property is a 6,700-square-foot home divided among six apartments. But because the six apartments will be delivered vacant, a future resident can convert all into a single-family mansion. For more, check out 6sqft.