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Trophy office buildings see drop in rents, 737 Park Avenue sees price jumps …...
[caption id="attachment_230237" align="aligncenter" width="575"] 737 Park Avenue[/caption] Trophy office buildings see rents drop for the first time since 2010. 737 Park Avenue sees price jumps....
View ArticleJFK Hilton owners block chain from terminating franchise, forcing loan sale
Owners of the Doubletree New York JFK won a preliminary injunction on Friday against Hilton Hotels to block the termination of a franchise agreement, which they allege may be part of an effort by the...
View ArticleLehman to sell its majority stake in 425 Park Avenue
Lehman Brothers is looking to sell its 90 percent stake in 425 Park Avenue, the Wall Street Journal reported. The 31-story, 567,340-square-foot building, located in Midtown East, is slated to be...
View ArticleNew hotels in Bronx set to redefine borough
A flurry of new hotels in the Bronx are bringing the borough Manhattan-esque comforts, the New York Times reported. Hotel chains that have a strong presence in Manhattan are reinventing the makeup of...
View ArticleArchitecture review: DDG’s 345Meatpacking is one of the better buildings in...
From the February issue: This past summer, those who made it to the western-most portion of 14th Street were likely to be dazzled (and perhaps confounded) by the sight of an enormous 11-story box,...
View ArticleArchitect Andrew Gordon set to cash in on late boyfriend’s $260M estate
Landscape architect Andrew Gordon has been cleared by a judge to collect on the vast majority of the $260 million estate of his late boyfriend, investment baron Christopher Browne, after a bitter...
View Article100 Norfolk condo design sparks mixed reactions
Nearly one year ago, Brooklyn-based Urban-Scape nabbed a property on the Lower East Side’s 100 Norfolk Street, between Rivington and Delancey streets, for $8.8 million in cash, announcing that a...
View ArticleCommercial brokers furious with city’s big landlords for “skipping the middle...
Commercial real estate brokers are livid that the city’s big landlords are disregarding the broker’s “exclusives” with retailers by attempting to land tenants on their own, sources told the New York...
View ArticleLIC to see two massive rock-climbing facilities
Updated at 5:07 with comment from Cliffs owner Mike Wolfert: Long Island City is getting two new indoor gyms that will have tens of thousands of feet for climbers, according to the New York Daily News....
View ArticleGershwin apartment on sale for first time in 70 years
UPDATED, Feb. 19, 1.25 p.m: A Steinway baby grand piano nestled in the corner of the classic six at the Century Condominium on Central Park West serves as a reminder of the apartment’s storied musical...
View ArticleLIC’s L Haus sells out
Long Island City’s L Haus condominium is now sold out — a little more than a year after the Stahl Organization switched marketing teams, replacing Prudential Douglas Elliman with Modern Spaces, the...
View ArticleExtell beefs up Third Avenue acquisitions
Gary Barnett’s Extell Development has expanded its holdings on a stretch of the Upper East Side, paying $8.63 million for a mixed-use building at 1685 Third Avenue to landlord Ogrin Associates, on the...
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Private equity firm Meadow Partners sues Pinnacle over $43M portfolio
[caption id="attachment_230352" align="aligncenter" width="575"] 441 Convent Avenue , Jeffrey Kaplan and 241 Sherman Avenue[/caption] UPDATED, Feb. 19, 2:20 p.m.: A Midtown private equity firm is...
View ArticleBreaking down RXR Realty’s $500 million gamble at 75 Rockefeller Plaza
In order for Scott Rechler to succeed at overhauling the recently-leased 75 Rockefeller Plaza, his company, RXR Realty, will need to take in at least $80 a square foot, sources told the Wall Street...
View ArticleBrooklyn’s most valuable home finds buyer
Brooklyn’s most valuable home – the single-family residence with the highest tax assessment in the borough – has found a buyer for the second time in less than a year, Curbed reported. The townhouse,...
View ArticleAre creative workers keeping NYC rents down?
Despite significant job growth in New York City over the last year, rents have declined in the last few months. A new study claims that the relatively stagnant rents are the result of new tenants’...
View ArticleA Day in the life of: Francis Greenburger
From the February issue: 5 a.m. I live in a townhouse near Washington Square Park. I wake up early [without an alarm] at around 5, though if I’m anxious I might get up as early as 3. I use that time...
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Digital advertising firm inks lease in Times Square, Hollywood descends on...
[caption id="attachment_230414" align="aligncenter" width="575"] Lego staircase at the Marks/Caride Residence in Chelsea[/caption] Digital advertising firm Videology takes 16,000 square feet at 1500...
View ArticleREBNY, union to evaluate mayoral candidates
The union that represents doormen and service workers is teaming up with the Real Estate Board of New York to screen mayoral candidates beginning this week, Capital New York reported. The groups —...
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