Zuckerman Bows Out of 1 W.T.C. Race
By Eliot Brown | May 24, 2010 | 6:26 pm
Mort Zuckerman is out of the running for the country's tallest... MORE >
Boston Properties
Mort Goes Hunting
By Dana Rubinstein | May 4, 2010 | 3:24 pm
Daily News owner and real estate mogul Mort Zuckerman is on the hunt. Not only is Mr. Zuckerman, chairman of real estate concern Boston Properties, vying for a piece of the Freedom Tower (now known as One World Trade Center), but he's also on the hunt for decidedly smaller prey, says the Wall Street... MORE >
AIG Offshoot PineBridge to Bunk with Hank Greenberg at 399 Park
By Dana Rubinstein | April 5, 2010 | 11:27 am
PineBridge Investments, the asset management firm that AIG recently sold to Pacific Century Group for $277 million, has signed a hefty lease at 399 Park Avenue, the midtown skyscraper that recently added former AIG head Maurice "Hank" Greenberg's C.V. Starr & Co. to its roster of... MORE >
GM Building Naming Rights Officially Up for Grabs
By Dana Rubinstein | November 2, 2009 | 7:12 am
The naming rights for the GM Building, one of the rarest opportunities in New York real estate, are officially in play. During last week's third-quarter investors call, Boston Properties president Douglas Linde included in his prepared remarks the following: "We can report that we were able to retain General Motors in 114,000 square feet for 10 years at 767 Fifth Avenue, the GM Building. As part of the lease, we recaptured the right to name the building in... MORE >
GM Building Naming Rights Officially Up for Grabs
By | November 2, 2009 | 7:12 am
The naming rights for the GM Building, one of the rarest opportunities in New York real estate, are officially in play. During last week's third-quarter investors call, Boston Properties president Douglas Linde included in his prepared remarks the following: "We can report that we were able to retain General Motors in 114,000 square feet for 10 years at 767 Fifth Avenue, the GM Building. As part of the lease, we recaptured the right to name the building... MORE >
Payment Due! Class A Midtown Loans
By Lysandra Ohrstrom | October 19, 2009 | 6:57 pm
As conditions in Manhattan’s commercial market grow grimmer, one question continues to dog investors: Where’s the debt and how can I break me off a... MORE >
Boston Properties Woos Studley to 399 Park for New HQ
By Emily Geminder | October 13, 2009 | 7:50 am
Studley, a leading brokerage specializing in tenant representation, played the tenant itself in a major deal at 399 Park Avenue. The firm is relocating its corporate headquarters to the entire 11th floor of the Boston Properties–owned building, known for its roster of investment houses and high-profile law firms. The 61,000-square-foot location represents a 50 percent upgrade in space from the firm’s current headquarters at 300 Park Avenue, where it has been based for more... MORE >
Hank Greenberg’s I-Firm Takes 120K Feet in Zuckerman’s 399 Park
By Dana Rubinstein | September 29, 2009 | 4:37 pm
The investment firm belonging to Maurice “Hank” Greenberg, of AIG notoriety, last week signed a new, meaty lease for 120,000 square feet of old Lehman Brothers office space at 399 Park... MORE >
GM Picks GM Building
By Dana Rubinstein | September 28, 2009 | 6:28 pm
General Motors’ torturous search for a new home in New York City has finally reached an end. And, oh, what an anticlimactic end it is. General Motors has signed a 114,300-square-foot, 10-year lease renewal at, you guessed it, Boston Properties’ General Motors Building, at 767 Fifth Avenue, the white-marble shaft that has borne its name since completion in 1968. It wasn’t supposed to happen like... MORE >
Law Firm Bingham McCutchen Looking for 200K Feet
By Dana Rubinstein | September 8, 2009 | 7:44 am
Top-shelf corporate law firm Bingham McCutchen is, oddly, looking for office space, even though it has two leases totaling 212,000 square feet that don’t expire until the latter years of the next decade, according to industry sources, published reports and research database... MORE >
The 10 Most Expensive Buildings, Revisited
By Dana Rubinstein | August 25, 2009 | 4:06 pm
In April 2007, during those blindered days of economic bluster, The Observer published an article naming New York’s 10 most expensive towers, according to prominent real estate professionals. They agreed on the most valuable single building: the GM Building. That rocket of marble and black glass, considered then and now the most coveted skyscraper in Manhattan, if not the country, was, said one, “worth $4... MORE >
Ken Moelis' Newish I-Bank Signs Robust Lease at Mort Zuckerman's 399 Park
By Dana Rubinstein | August 24, 2009 | 6:47 pm
Newish investment bank Moelis & Co., founded in the prelapsarian days of July 2007, when Big Real Estate blithely believed that the city would somehow escape the ravages looming darkly west of the Hudson, is expanding, signing a robust 10-year lease for about 96,000 square feet at 399 Park Avenue, according to industry sources. An investment bank, you... MORE >
GM Officially Kills Lease at Citigroup Center
By Dana Rubinstein | July 22, 2009 | 2:35 pm
Thank God for bankruptcy! By declaring Chapter 11, General Motors has been allowed to officially reject its 120,000-square-foot lease at the sublimely modernist 601 Lexington Avenue (better, if formerly, known as the Citigroup Center). Mort Zuckerman's Boston Properties, which owns the stunning rascacielos, revealed the news in its second quarter earnings... MORE >
Screech! GM May Stay Put at GM Building, Nix New York Office Move to 601 Lex
By Dana Rubinstein | July 7, 2009 | 5:10 pm
You know what they say about the best-laid schemes o’ mice and men? It turns out the benighted General Motors Corporation may keep its New York headquarters at the eponymous GM Building after... MORE >
What GM Bankruptcy Means for Mort Zuckerman's Boston Properties
By Dana Rubinstein | June 4, 2009 | 6:10 pm
The bankruptcy of General Motors could have some unexpected repercussions for Mort Zuckerman's Boston Properties, the publicly traded real estate investment firm that owns 48.5 million square feet of office space, including the GM Building (the auto manufacturer's New York headquarters) across from the Plaza... MORE >
