There were three whopping commercial deals in New York City last year in the trillion-dollar price range, blowing away the other commercial transactions for the year in terms of price, according to a report by PropertyShark provided exclusively to Commercial Observer.
The priciest deal was Comcast’s $1.3 billion purchase of 1.3 million square feet of office and studio space at 30 Rockefeller Plaza, part of the media and communications giant’s $16.7 billion purchase of a 49 percent stake in NBCUniversal from General Electric.
Antonio “Nino” Vendome, chairman of Vendome Group, has announced the simultaneous opening of two new art galleries in West SoHo’s Hudson Square district.
The first gallery, Studio Vendome, is located in American architect Philip Johnson’s Urban Glass House at 330 Spring Street. The second gallery, Studio Vendome Projects, is located at 30 Grand Street, across from Read More
Cohen Brothers Realty Corporation has leased out nearly 30,000 square feet of space at its 39-acre, 500,000-square-foot office campus at 333 Westchester Avenue in White Plains, The Commercial Observer has learned.
The former home to General Foods Corporation, now anchored by four interconnected mid-rise office buildings, recently welcomed four new tenants.
“We’ve always been host Read More
One of the largest banks in Chile, CorpBanca, has signed a 15-year lease for a 13,854-square-foot, full-floor office space at the Lipstick Building at 885 Third Avenue, The Commercial Observer has learned.
The relocation from its previous location just one block away, at 845 Third Avenue, gives the firm turn-key access to the 33rd floor tower, which features panoramic, 360-degree Read More
Arts and Buildings
Stillman Development International–a development firm renowned for its condo developments with “starchitects” such as I.M. Pei, Michael Graves and Philip Johnson–and Morris Adjmi Architects are planning the conversion of a 19th-century industrial building in Noho into luxury condos, The Commercial Observer has learned.
Famed architect Philip Johnson will get his own retrospective in the lobby of The Lipstick Building at 885 Third Avenue, whose distinct shape he helped design.
The exhibition will showcase 50 years of the architect’s work, which includes Mr. Johnson’s relationship to the Bauhaus arts movement and the history of the lipstick building. It will be curated by Hilary Lewis, who authored two books on Philip Johnson (Philip Johnson: The Architect in his Own Words and The Architecture of Philip Johnson), and the exhibit itself will be designed by Dan Shannon of the architecture firm Moed de Armas & Shannon.
Expect to see rare photographs of Mr. Johnson, along with his building designs and his sketches of the Lipstick Building before the building was constructed.