The New York State Attorney General’s office is reportedly reviewing the Leona M. Helmsley estate’s liquidation of its stake in the properties launched as part of the Empire State Realty Trust REIT last month, which includes the Empire State Building.
The process will begin once the Helmsley estate files a final accounting of the sale Read More
The former J.P. Morgan headquarters at 23 Wall Street continues to be a hard sell. For nearly seven years, the property, which has been marketed to retailers and restaurants, has remained vacant.
Complicated by its location—across from the New York Stock Exchange—and its poor loading facilities, the property, along with the connected 35 Wall Street and 15 Broad Street, has drawn interest but no commitments. Originally marketing the property specifically toward retail, the Cushman & Wakefield brokerage team has begun to open up to the possibility of entertainment or financial services firms.
Joanne Podell, vice chairman, and Ian Lerner, senior associate, spoke with The Commercial Observer about the unique challenges and possibilities the properties present.
Residential brokerage Skygroup Realty has signed a seven-year lease for 2,340 square feet in the The New York Stock Exchange Building at 30 Broad Street, The Commercial Observer has learned.
The firm relocated to the 26th floor of the building from its previous location at 350 Broadway.
“The tenant runs a successful brokerage firm downtown and they needed to expand into a prebuilt space ASAP,” said Daniel Lolai of Murray Hill Properties, who represented SkyGroup Realty. “It was very important for them to have minimal downtime when moving so 30 broad was the perfect match… Skygroup Realty deserves it. It’s a great firm with honest people and they are growing quickly.”
Whether it’s revitalizing an old property with hip new tenants, or reassuring an established firm that its current address is the right fit, David E. Green showcases the kind of commercial real estate savvy that has earned him trust among an eclectic portfolio of clients.
Mr. Green’s peers recognize it, too, and that’s why the Cushman & Wakefield executive director has been named this year’s Real Estate Board of New York “Young Real Estate Man of the Year” recipient.
Big Real Estate
Fresh off the highly publicized collapse of securities firm MF Global Holdings Ltd., former New Jersey Governor Jon Corzine is allegedly sniffing around for new office space at 40 Wall Street, The Wall Street Journal reports.
Mr. Corzine has set his sights on sharing space with John Carris Investments, a full service investment banking firm whose corporate headquarters are located inside the Trump Organization-owned office tower, The Wall Street Journal reports.
A spokesman for John Carris did not respond to a request for comment.
Star investor and philanthropist Michael Steinhardt and an unnamed partner have acquired rom the New York Stock Exchange two former American Stock Exchange buildings, 18-22 Thames Street and 78-86 Trinity Place, for a total of $65 million.
Mr. Steinhardt, who made his money as Wall Street’s so-called most successful money manager and who now mostly focuses on Read More