Equity Office | The Commercial Observer

By Karsten Strauss 12/17/12 7:45am

One of the large, open layouts office spaces at 229 West 43rd Street--the New York Times Building. (photo courtesy of Newmark Grubb Knight Frank PR).

Tech firm, 10Gen, Plants a Flag in the Old New York Times Building

Information database developer, 10Gen, was looking to become the latest technology firm to set up shop in Midtown South but found a more attractive option further north, taking 29,400 square feet at 229 West 43rd Street—the old New York Times Building—and was offered an asking price between $70 and $80 per square foot. The five Read More

By Daniel Edward Rosen 5/02/12 3:30pm

Lease of the Week

Water and Stone: How Blackstone Group Lured Waterfall Asset Management to 1140 Avenue of the Americas

Even before the Blackstone Group won a contentious bidding war for 1140 Avenue of the Americas, the prewar office building was in the midst of a multimillion-dollar restoration project in early 2011.

Nearly 30 firms were fighting for the right to own the $116 million nonperforming note held by Laurence Gluck’s Stellar Management and partner Rockpoint Group, which bought 1140 Avenue of the Americas from SL Green Realty Corp. for $97.5 million in 2006. Read More

Commercial Observer

Tech firm, 10Gen, Plants a Flag in the Old New York Times Building

Water and Stone: How Blackstone Group Lured Waterfall Asset Management to 1140 Avenue of the Americas

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