By Al Barbarino 7:45am

Year in Real Estate

East Coast Begins To Clean Up And Assess Damage From Hurricane Sandy

Above and Beyond Hurricane Sandy

FEMA spokesperson William Rukeyser described the ad-hoc, jumbled feel of the company’s impromptu space in the Forest Hills Tower like a scene from a hard-hit neighborhood, with hanging wires, antennas strapped to the ceiling, Post-It notes and sheets of paper with various instructions scattered about, and impromptu folding tables holding printers and other office equipment. Most seemed at a loss for words when assessing damages.

“It’s—It’s—It’s just a mess,” Durst Organization spokesperson Jordan Barowitz told The Commercial Observer less than a week after the storm hit, struggling to describe the destruction in Lower Manhattan. Read More

By Laura Kusisto 6/16/11 1:59pm

Lease Beat

Haven't seen this face in a while.

Bill Rudin Gets Some Talent at 41 Madison

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 Matt Chaban 3/10/11 2:03pm

Critical Condition

Clear! Rudins Revive Village Hospital, Save Landmark

Nearly a year after St. Vincent’s closed, a hospital is returning to Greenwich Village, albeit a much smaller one. St. Vincent and North Shore-Long Island Jewish have just announced a deal that, along with developer Rudin Management, will place an emergency care facility within the O’Toole Building, the distinctive “overbite building” on the west side Read More

By Dana Rubinstein 2/15/10 11:14pm

Mad Men Stretching at Rudin Tower

Publicis, the advertising firm that somehow convinced Chevy Chase to reprise his hilariously hapless Clark Griswold character during the Super Bowl, all to market a little-known house-swapping Web site called HomeAway, will consolidate its New York operations at Bill Rudin‘s 35-story tower at Broadway and 52nd Street.

Publicis employees Read More

By William C. Rudin 10/07/09 6:35pm

Op-Ed: Getting in Front of the Liquidity Crisis

Toward the end of 2008, the meltdown in the financial and residential mortgage markets led to a credit crisis that froze lending nationwide. Over the course of the past year, analysts have been forecasting another looming credit crisis—this time with the commercial real estate market.

What makes this latest threat to U.S. lending Read More

By Lysandra Ohrstrom 10/07/09 1:00pm

Real Estate Titans Gather, Express Commercial Confidence

Amid increasingly apocalyptic prophecies about the fate of  New York’s commercial property market, more than a dozen “Masters of Real Estate” convened at the Metropolitan Club on Tuesday for an eponymous conference hosted by The Observer devoted to making sense of the market’s troubles. The major players appear to have emerged from the Read More

By Eliot Brown 9/29/09 9:05pm

The Other Shoe

Almost from the moment that the financial industry entered its tailspin a year ago, landlords and developers began to sound the warnings that commercial real estate would be the other shoe to drop in the economy. Then early in the Obama administration, regulators threw the real estate industry a bone, expanding a financial rescue program, Read More