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Hedge fund Contour doubles space at 99 Park Avenue
Paul Glickman and 99 Park Avenue Hedge fund Contour has reached an agreement to add 50 percent more space to its current location at 99 Park Avenue. The company, which previously had about 2,900 square...
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Hunts Point market walks away from talks with city
101 Food Center Drive Hunts Point Terminal Produce Market is walking away from the Bloomberg administration’s offers of $172.5 million in grants in hopes that the next mayor will offer a better deal....
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Alleged Russian fraudsters had taste for 20 Pine
From left: Yves Chelsea, 20 Pine lounge and the Alexander A group of Russians who allegedly orchestrated a $230 million tax fraud laundered their takings by buying and selling residential and...
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Rockefeller in talks with two major law firms for 1221 Sixth
From left: Cushman & Wakefield’s John Cefaly and 1221 Sixth Avenue Rockefeller Development’s 1221 Sixth Avenue, having struggled to fill the roughly 500,000 square feet of vacant space in the wake...
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Midtown’s Berkeley Building finds four new tenants
19-25 West 44th Street The Berkeley Building at 19 West 44th Street has racked up seven leases — four direct deals and three renewals — totaling 18,877 square feet. Communications Media signed on for a...
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Elliman goes on post-Lenz hiring spree
Dolly Lenz From the September issue: Mega-brokerage firm Douglas Elliman saw a wave of personnel changes this summer, hiring several high-profile agents after longtime super-broker Dolly Lenz’s...
View ArticleSL Green saves $6M thanks to energy efficiencies
SL Green Realty has saved over $6 million thanks to new energy-efficient measures at its properties, the real estate investment trust said in its first ever sustainability report. Measures such as LED...
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Luis D. Ortiz named one of NYC’s most stylish, new renderings of Brooklyn’s...
Rendering of 388 Bridge Street 1. Sandy-damaged 9/11 memorials cared for by loved ones [DNAinfo] 2. New renderings for Brooklyn’s soon-to-be tallest tower [Curbed] 3. MDLNY’s Luis D. Ortiz nabs spot on...
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SEC cracks down on development green card program
New York City developers are increasingly taking advantage of a federal program that lets overseas investors get green cards in exchange for financing real estate projects. But as the program has...
View ArticleQ&A: Joe Lhota, Bill de Blasio talk real estate
Last night, Joe Lhota won the Republican primary for mayor, while Bill de Blasio led the field of Democrats (though it remains to be seen whether he’ll face a runoff with rival Bill Thompson). This...
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Edge parents reminisce about “Wild West” Williamsburg
From left: 22 North 6th Street and the Williamsburg Bridge circa 1990 Williamsburg, that gentrified land of financiers and well-funded hipsters, wasn’t always such a posh land of plenty, as parents at...
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Ex-Cheyenne Diner site slated for rental, retail development
The former Cheyenne Diner (credit: New York Brits) and vacant lot at 411 Ninth Avenue A restaurant-owning family plans to turn a Midtown West lot that held a star-studded diner for nearly 70 years into...
View ArticleChelsea tenants OK’d to proceed in illegal rent hike class action
Tenants of London Terrace Gardens, a 921-unit rental building in Chelsea, can proceed with a lawsuit alleging illegal rent hikes related to a tax abatement program as a class action, a judge ruled. The...
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Midtown South Class B office rents eclipse fancier Midtown’s
From left: Richard Persichetti of Cassidy Turley and Midtown Manhattan The Manhattan office leasing market saw a surprisingly hot close to the summer. Vacancy in the borough now sits at 11.2 percent –...
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Numbers to know: Superior Ink’s sale prices skyrocket, Steinway Hall’s...
Superior Ink at 400 West 12th Street “Numbers to know” is a weekly web feature that catalogues the most notable, quirky and surprising real estate statistics. Transactions at Superior Ink increase by...
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Magnum picks up top 21 floors of Verizon building
140 West Street Verizon has sold the top 21 floors of its 140 West Street headquarters to Ben Shaoul’s Magnum Real Estate, which will convert the space into residential condominiums. A total of roughly...
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Rabbi Pinto breaks silence on bribery charges
Rabbi Pinto Rabbi Yoshiyahu Pinto, a spiritual adviser to many of the New York City real estate industry’s movers and shakers, spoke out for the first time about the money laundering and attempted...
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Central Park manse’s mystery owner slashes ambitious price
From left: Abigail Disney and 247 Central Park West The owner of the mansion at 247 Central Park West has slashed the asking price to $34 million. The property, listed by the Vannessa Kaufman team and...
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Empire State Building investor asks FBI to probe IPO filings
From left: Richard Edelman, the Empire State Building and Anthony Malkin The investors in the company that owns the Empire State Building have all voted to back a plan from Malkin Holdings to fold the...
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Bloomberg officials beeline for private sector real estate
Mathew Wambua From the September issue: One of many city officials preparing for life after Bloomberg, Department of Housing Preservation and Development Commissioner Mathew Wambua last month announced...
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