Leon Charney‘s L.H. Charney & Associates has sold 114 West 41st Street in the Times Square area to Blackstone Real Estate Advisors for $165.7 million, property records indicate.
The 22-floor office building between West 40th and West 41st Streets and Broadway and Avenue of the Americas two years ago underwent a $7 million capital improvement program featuring a new retail façade and lobby, as Commercial Observer previously reported.
New York real estate veterans from Richard LeFrak to Sheldon Solow were featured on Forbes‘ annual list of the world’s billionaires. In total, 1,426 individuals made the list with a combined net worth of $5.4 trillion.
Richard LeFrak was the highest-ranked New York real estate titan on the list, at number 225 (number 69 Read More
By Design has signed a 21,711-square-foot lease at 1441 Broadway, a building owned by real estate tycoon Leon Charney.
The company takes a full floor in the building, in a space formerly occupied by Fifth and Pacific Companies (formerly Liz Claiborne Inc.), which will double as an office space and showroom.
“We’re glad to have them and we’ve almost backfilled all the space in the building – they’re a welcome addition,” said Bruce Block, Mr. Charney’s right hand man at L.H. Charney & Associates, the building ownership. “They’re in the apparel and fashion industry and our building is predominately fashion. They will be able to use some of the existing build-out space on the floor.”
Fine fashion accessories importer, Ruyi Design and Mancufacture Inc., made a move to a higher floor with more space at 1410 Broadway. The company’s new 12th floor home triples the space it had while on the fifth floor, bringing its total footprint to 3,480 square feet as part of an eight-year lease.
The deal closed Read More