On the master floor of Nicholas S. G. Stern’s West Village townhouse, the bed comforter was wrinkled. “Sorry–bachelor existence,” he said, immediately neatening the already neat bedclothes. “My wife would be–well, my father would be mortified. My wife would understand.”
Mr. Stern’s father, the renowned architect and Yale School of Architecture dean Robert A. Read More
At 4 p.m. Tuesday, a group of about a dozen Hasidic Jews, whose ranks would soon swell enormously, gathered behind a police barrier on a Park Avenue sidewalk between 53rd and 54th streets to prepare for a large-scale protest. The group, organized by the Central Rabbinical Congress of the United States and Canada, has taken Read More
As a side-effect of Bear Stearns’ bailout, the New York Fed took over a gargantuan mortgage portfolio. Two years later, it’s leaving some Fed officials with a rather unfamiliar dilemma: Working with local sheriffs, they may have to foreclose on some delinquent properties around the country. And their recently-secretive collection includes something like Read More
Starting next spring, the tower floors of 452 Fifth Avenue will be available for lease, The Observer has learned. The space, spanning the 12th to the 30th floors, and totaling 300,000 square feet, will likely be one of the most-sought-after office plots in midtown.
CB Richard Ellis is representing IDB Group subsidiaries Property and Building Read More
Around 10:30 this morning, when the opening ceremony for the Times Square InterContinental Hotel was supposed to have started, Peter Kohlman rearranged six pairs of pruning shears on a silver tray. Mr. Kohlmann, president of PeKo, which organized the event at the hotel’s 300 West 44th Street entrance, released the shears’ safety latches and placed Read More
CBS Broadcasting will remain at the top of Hell’s Kitchen for at least 13 more years. The network has renewed its lease on 281,896 square feet of office space in the 20-story building at 555 West 57th Street, near 11th Avenue. The deal lasts through Dec. 31, 2023.
Continuing to assert its dominance in Read More
The National Football League has signed a 20-year lease for a new headquarters three blocks north of its current digs.
Now located at 280 Park Avenue, between 48th and 49th streets, the NFL will move to 345 Park Avenue, between 51st and 52nd, according to a release. Starting in the third quarter of next year, Read More
The retail space on the ground floor of the Devonshire House, a prewar Greenwich Village beauty at 28 East 10th Street, has changed hands for $10.35 million. The buyer, according to broker Eric Anton, is “a very wealthy family here in New York.”
Eastern Consolidated represented the seller and, according to a release, “procured” the buyer, Read More
Commercial real state, apparently, is best understood in terms of baseball. CB Richard Ellis, the city’s biggest commercial brokerage, once again beat out the competition in the struggle for Manhattan’s top office leasing deals, according to the annual mid-year list published in Crain’s with data from CoStar (it came out today). It’s a three-peat for big-leaguer CBRE, Read More
The first Target store in Manhattan will officially open Sunday, at 517 East 117th Street, in East Harlem.
VIP shoppers got a preview Tuesday at a red-carpet event that attracted, among other celebrities, Jerry Seinfeld and his wife, Jessica. Ms. Seinfeld’s line of baby clothes, Baby Buggy, is sold in Target stores.
“Dear Read More
Among the allegations against U.S. Representative Charles Rangel of Harlem is that he accepted shady discounts on four rent-stabilized apartments in Lenox Terrace, historically one of Harlem’s poshest addresses.
In 1968, the Times Magazine called the building, located at West 132-135th Streets between Lenox and Fifth Avenue and owned by the Olnick Organization, “Harlem’s Best Read More
Bad news for college grads moving to Manhattan: You can’t live here for under $1,300.
The Real Estate Group of New York’s latest Manhattan Rental Market Report went live on Tuesday morning, and it shows rents in July ticking up. That’s reassuring for landlords and worrisome for first-time renters. Your friends who entered the market last Read More
The LaSalle Academy has leased its current building—55,000 square feet at 44 East 2nd Street—to the first New York school to be operated by the World Class Learning Group, which runs the British Schools of America. The new elementary school, set to open in September of this year, will be called the World Class Learning Read More
Tuesday’s hearing on the 421-a Property Tax Exemption Program almost didn’t happen.
“When we mailed out the notice and we reached out to a lot of people, there was almost no response,” Vito Lopez, chairman of the state Assembly’s housing committee, said. “So it’s quite interesting.”
At issue was whether 421-a, which gives tax breaks Read More
