On Saturday afternoon, a security guard sat in the back seat of an idling white jeep, watching over a 2.1-acre patch of dirt near the Gowanus Canal in Brooklyn. There was an overflowing can of garbage next to the car’s front bumper and a puddle of groundwater nearby. Just across the canal, against the backdrop Read More
The new Sperone Westwater gallery at 257 Bowery, just a block away from the New Museum, is Lord Norman Foster’s second building to be completed in New York after the Hearst Tower. The Lower East Side is getting real arty! Lord Foster finished his first sketches for the gallery at a holiday party in St. Moritz, Read More
At street level, 1155 Avenue of the Americas is Thomas Pink, but upstairs it’s Don Draper meets Dow Jones. The News Corp.-owned publisher has signed a 117,000-square-foot lease for 10 years for advertising-sales offices on the third and fifth through eighth floors of the Durst Organization‘s 41-story black granite tower.
The 1984 Emery Roth & Sons-designed Read More
Robert Durst, the estranged son of Times Square developer Seymour Durst, thought Ryan Gosling did a decent job playing him in Andrew Jarecki’s new film All Good Things. The movie follows Mr. Durst through a failed marriage and three alleged murders.
Mr. Gosling’s performance was “close,” but “not as good as the real thing,” Mr. Read More
The least of Park51 developer Sharif El-Gamal’s concerns is a lawsuit with the landlord of his former office over $39,000 in supposed unpaid rent, especially now that a New York City Housing Court judge has thrown the case out, according to The Real Deal.
“You know, the real estate business is a very tough Read More
Sierra Realty has hung a for-lease sign out for 40,000 square feet of available space at 140 William Street, a seven-story bank building previously owned by developer Kent Swig.
Chris Soukas bought the building, at an enormous discount, for $11.35 million earlier this summer. Mr. Swig — he of the unfortunate timing — acquired Read More
New York City developer Jerry Speyer and
construction giant Daniel Tishman, whose company has built many of the city’s most important projects, were the two leading individual contributors to Governor-elect Andrew Cuomo’s campaign, donating a combined $187,400. Mr. Speyer chipped in $100,000 and Mr. Tishman gave $87,400, according to analysis by The Buffalo News. Read More
The ranking of the five most expensive markets for office space—London, Hong Kong, Tokyo, Mumbai and Moscow—remained unchanged over the last year, according to CB Richard Ellis’ semi-annual survey. Office occupancy costs are down 1.3 percent year-over-year in the 175 biggest markets.
The most expensive office market in the world remain’s London’s West End, where Read More
This morning at the New York Public Library, residential developers Henry Elghanayan, Thomas Shapiro and Douglas Yearley Jr. sat on a panel about the housing market with Bloomberg reporter Prashant Gopal.
As his last question, Mr. Gopal asked the panel how the midterm elections were going to affect the commercial real estate business.
“I’m actually Read More
Condé Nast has signed a tentative agreement to move downtown to One World Trade Center, according to The New York Times.
The company will leave 800,000 square feet at 4 Times Square behind to anchor the new building, formerly known as the Freedom Tower, after its completion in 2013. The move will likely happen Read More
The Times faced stiff competition on the list of uglies from the likes of the T.G.I. Friday’s on Fifth Read More