Mortgage Observer

Old New York: The Starrett-Lehigh Building

Starrett-Lehigh Building (Library of Congress)

A look at the history of the Starrett-Lehigh building, which traded last month in a massive sale from RXR Realty to Blackstone Group. The dazzling structure, first built to accommodate rail deliveries, has transformed throughout the years as it went from offering rents from $1 per square foot per year to trading for nearly $100 million. Read More

Postings

Observer Media’s Masters of Real Estate, Minute by Minute by Minute

CO 11-13, Postings Page 22

More than 300 real estate professionals crowded the Metropolitan Club early Thursday morning, despite snow-covered sidewalks, for the Observer Media Group’s third annual Masters of Real Estate forum.

Sponsored by Fried Frank and Marks Paneth & Shron, the event drew boldface names like Larry Silverstein and Mortimer Zuckerman, who spoke about the devastation wrought by Sandy, not to mention financiers like Angelo Gordon & Co.’s Adam Schwartz and Rockpoint Group’s Keith Gelb, who weighed in on opportunistic investments.

Below, reporter Al Barbarino walks the room and listens in on the panels, striving to put his finger on the commercial real estate industry’s pulse, minute by minute. Read More