Private equity group 3i has signed a 10-year, 12,723-square-foot lease at Empire State Realty Trust’s One Grand Central Place, Commercial Observer has learned.
Founded in 1945 with £15 million of capital, today 3i boasts nearly £12 billion of assets under management. The company, headquartered in London, operates offices worldwide and will relocate its New York location to the 41st floor of One Grand Central Place from 400 Madison Avenue.
BSJ SoHo let go of 72-76 Greene Street last week for a reported sum of $41.5 million. The buyer—a partnership of Chicago-based L3 Capital and Washington, D.C.’s ASB Capital Management—paid $1,186 per square foot for the building known as “The King of Greene Street” because of its French renaissance-Second Empire architectural styling. It contains two Read More
ASB Real Estate has acquired for $139 million an office building at 400 Madison Avenue from Macklowe Properties and assumed a $55 million loan on the property, provided by MetLife.
William Macklowe once won and lost big in a high-stakes real estate game, but his new firm is scoring more modest victories.
Four-hundred Madison Avenue was one of dad Harry Macklowe’s long-time holdings and one of two Billy held onto when the empire the two ran fell apart. Now the son has inked Read More