The Year in Review
New York real estate is some of the most desirable and expensive in the world, but the ever-fluctuating price of a square foot of space in a given neighborhood is unquestionably dwarfed by the value of human life. This year, the commercial real estate world lost several notable figures and The Commercial Observer would like to take a moment to remember them.
Battle of the Skyscrapers
Add Bloomberg architecture critic James Russell to the list of people none too keen to see Vornado’s 15 Penn Plaza get built (cf. Tony Malkin, hackers). He finds the building undistinguished, but the real problem is its gigantism:
A behemoth office tower that may rise opposite Pennsylvania Station would deface New York City’s Read More
New York Post Jack-of-all-trades Steve Cuozzo calls out Empire State Building owner Anthony Malkin in today’s paper for his tremendous “chutzpah” in trying to prevent a new skyscraper from obstructing his own tower’s extraordinary views.
The dispute between Mr. Malkin and landlord Vornado—which is planning to build a skyscraper at 15 Penn Plaza—was Read More
Count Tony Malkin as apparently not a fan of Steve Roth’s planned tower in place of the Hotel Pennsylvania.
In public testimony submitted to the City Planning Commission in June (recently posted online; page 7), Mr. Malkin, president of Malkin Properties and an owner of the Empire State Building, subtly lashed out against the Read More
Steve Roth’s plan for what would be the city’s third tallest tower, across from Penn Station on the site of the current Hotel Pennsylvania, just got a boost, as Borough President Scott Stringer on Wednesday gave his conditional approval for the proposal.
The planned 1,200-foot skyscraper—which is theoretical in that it would not likely be Read More