Following a shocker from a couple of weeks back that UBS is considering moving some of its offices from Stamford, Conn., to the World Trade Center (if only for the sake of the social lives of those poor, young traders raking in six-figure salaries) comes another rumor that a major bank is checking out the Read More
By Laura Kusisto 6/17/11 1:36pm
Adding a much-needed gloss to the city’s ho-hum roster of mega-tenants, L’Oreal, the world’s largest cosmetics company, has just started looking for 500,000 square feet for its New York headquarters.
The company’s current HQ is at the Emery Roth-designed 575 Fifth Avenue, but the lease expires in 2015. The 520,000-square-foot building at 47th Street, which was bought Read More
By Laura Kusisto 6/16/11 6:04pm
Mid-tier developer Ziel Feldman has pledged $200 million to rescue the city’s most troubled residential tower from bankruptcy and take full control of One Madison Park.
By Laura Kusisto 6/16/11 1:59pm
Nothing takes us back to that halcyon year of 1996 as does seeing the likes of Michael Ondaatje and Drew Carey in the same paragraph. In a delightful blast from the not-so-distant past, the stars’ respective talent agencies have renewed at the Rudin family’s 41 Madison Avenue.
The Gersh Agency, who, in addition to a svelter Read More
By Laura Kusisto 6/15/11 5:49pm
Way under the radar, a lovely new Tribeca condo is growing at 83 Walker Street and The Observer has caught an initial peek.
The new nine-story building by Brooklyn developer Abra has just received a unanimous go-ahead from the Landmarks Preservation Commission.
“It’s a beautiful Tribeca building with a twist,” said architect Morris Read More
By Laura Kusisto 6/15/11 4:59pm
Raw fish is a dish we generally prefer with a side of irony. Thus, in our second-favorite reason this week to mock BroBillies, the nabe is getting that snooziest of cuisines, an Asian fusion restaurant.
Indeed, the press release contains more signs of the Apocalypse than we can count. To wit: “Fushimi offers a family-friendly, yet Read More
By Laura Kusisto 6/15/11 10:58am
In the real estate equivalent of Mariano Rivera parachuting into a tight ninth inning, Steve Ross has just made a play for troubled tower 1 Madison Park.
By Elise Knutsen 6/14/11 12:54pm
TD Bank’s latest real estate move lends new meaning to their gestures at increased transparency.
The Canadian-based bank has just signed a lease for a 4,000-square-foot space on the ground floor of a new all-glass retail and office space at 201 East 57th Street, the New York Post reported. Although currently little more than a Read More
By Laura Kusisto 6/13/11 4:19pm
After scoring a smashing successlet with 263 Broadway, a diminutive Karl Fischer-designed luxury condo, developer Shaky Cohen has dreamed up a new seven-story development just a few doors down.
Mr. Cohen has dropped $5.5 million on a small plot of land at 255 Bowery Street, where he plans to build a new development with two stories of Read More
By Laura Kusisto 6/13/11 11:53am
It’s very rare indeed for us to uncover a tenant so prospective they haven’t even started looking yet. But with a hot rumor that L&L Holdings plans to build a new office tower at 425 Park Avenue, Kaye Scholer may need to start hunting for a massive block of space any day now.
The sale Read More
By Laura Kusisto 6/13/11 10:28am
It took five years for the first penthouse at the Richard Meier-designed On Prospect Park to sell, but significantly less than that for the architect to lock down a new lease.
Richard Meier & Partners has signed an early renewal of their 18,500-square foot lease at 475 10th Avenue. They’ll be hanging out on the Read More
By Laura Kusisto 6/10/11 4:02pm
Whether it was a magic spell or just those bargain asking rents, four companies specializing in Halloween merchandise and apparel have signed leases at 1115 Broadway—a building that has apparently targeted this nichest of markets.
“Eleven-fifteen Broadway has always catered to the seasonal products industry,” said James Buslik of Adams & Co. in a statement. Read More
By Laura Kusisto 6/09/11 2:35pm
Trinity has not had an easy time unloading a prime site at 330 Hudson Street. The ecclesiastical landlord leased the site to a developer four years ago, but waited for months on end for a planned hotel conversion to go forward.
Trinity ultimately took back the lease, and today announced that a new 99-year ground Read More
By Laura Kusisto 6/09/11 12:24pm
A rare divide has formed between Democrats and affordable housing advocates over a prevailing wage provision in the extension of the popular 421-a tax credit. Those advocates say that an extension of the 421-a tax credit that includes requiring them to pay prevailing wages to construction workers on non-public projects will drastically reduce the number of Read More
By Laura Kusisto 6/09/11 11:53am
Notwithstanding the seemingly thousands of pigeons that have occupied Bryant Park, Manhattan is getting its first wild bird sanctuary.
The Wild Bird Fund will be an 800-square-foot roost for all manner of feathered friend at 565 Columbus Avenue, between 87th and 88th streets.
“This will be a great location for them,” Winick Realty’s Brian Tregerman Read More