Although they might not know her by name, to young girls of a certain age in New York, the CB Richard Ellis broker Susan Kurland is something of a saint.After all, it was Ms. Kurland who not only represented American Girl in its earliest brick-and-mortar pursuits in Manhattan and... READ MORE»
Wednesday, March 9 Municipal Art Society "Grand Central Terminal" walking tour, meet at the information booth, main concourse, Grand Central, 12:30 p.m., www.mas.org Thursday, March 10 Urban Land Institute "Real Estate Legends" series, the Union League Club, 38 East 37th Street, 8 a.m., visit www.newyork.uli.org for more... MORE >
A recent East Harlem deal shows that the average prices per square foot in the neighborhood are surpassing those of 2010, brokers say. To be sure, a 34-unit Upper Manhattan walk-up building with ground-floor commercial space sold last week for a whopping $3.81... MORE >
Gary Barnett's love for Soho may have turned out to be star-crossed.... MORE >
Five Hanover Square has two good reasons to be grateful for the tiny uptick in the finance industry. First the former Swig swag, recently purchased by New York-based Savanna, secured a $47 million refinancing from Mesa West Capital; and now comes news that a financial software firm has signed a 10-year lease for 7,500 square feet on part of the 20th floor of the 25-story Financial District... MORE >
Last week the American Institute of Architects New York chapter handed out their annual design awards. Thirty-eight projects—all with some New York connection—were selected as winners and given "honor" or "merit" stamps of approval based on their "design quality, program resolution, innovation, thoughtfulness and technique." Winning projects fell into four categories: interiors, architecture, un-built work and urban... MORE >
Spring, dear reader, is a fickle season. No, we're not just talking about the wrath of Zeus that came down on Sunday, but the equally dampening news that Manhattan office vacancies are on the rise. They climbed for the second straight month, according to Cassidy Turley's Manhattan Market Research Newsletter for February 2011. The vacancy rate closed February at 12.3 percent, up from 12.1 percent. Even Class A spaces—supposedly rarer than emeralds these days—were up slightly... MORE >
Although they might not know her by name, to young girls of a certain age in New York, the CB Richard Ellis broker Susan Kurland is something of a... MORE >
As president of the Downtown Brooklyn Partnership, the local development corporation, Joe Chan has overseen an ambitious plan to revive the business district known to many as the land of law firms, courthouses and offices. Mr. Chan, 39, talked about plans for new public space and thousands of square feet of fresh retail-and how the economic downturn has impacted construction. The Commercial Observer: You recently briefed officials and the public about updates with the downtown... MORE >
Port passes on plan for restaurant atop 1 WTC [Post] Commercial property back--we've heard that one before, right? [Journal] But in Manhattan, it's the real deal, swear... MORE >
Tishman Speyer and a major law firm are sharpening their skates for yet another high-stakes renewal duet at Rockefeller Center. Baker Hostetler, the world's 85th-largest law firm, which represented Bernie Madoff's victims in their search for lost treasure, now occupies 100,000 square feet at 45 Rockefeller Plaza. But with its leases expiring in 2012, Baker is trying to lock down the space, sources... MORE >
Marc Ecko, that faint reverb of '90s cool, is opening a new showroom on the far West... MORE >
When people talk about the old St. Nicholas Greek Orthodox Church, which was detroyed on 9/11 when the south tower of the World Trade Center collapsed onto the four-story wood-framed rowhouse, one of the first things that comes up is its diminutive size, made all the moreso not only by what were once the city's tallest buildings but also the church's location in the middle of a vast parking... MORE >
One of the Upper East Side's first condo-ops has secured a $24 million senior underlying co-op mortgage and a $1 million unsecured line of credit The Royal York, near York Avenue between 63rd and 64th streets, has received a seven-year financing with a fixed-rate of 3.96 percent. The loan, provided by a local savings bank, was negotiated by Allan Lieberman of Meridian... MORE >
Money management firm Stillwater Capital Partners' planned Soho dream suite is up for sale. The site at 476 Broome Street has a lien of $32.3 million and is scheduled for a foreclosure auction on lucky St. Patrick's Day, according to Forbes. It was slated to have seven condo units, including two penthouses, a rooftop swimming pool and 4,000 square feet of retail space housing an art store and an art gallery in the lobby, according... MORE >
Zara scores old NBA space in one of city's biggest commercial condo buys [Journal] February was gangbusters for closings, but maybe thank January snow... MORE >
It's been lonely downtown for Sullivan & Cromwell, with nary another major law firm in sight. Finally, the stuffy concern will get some company through a deal at 125 Broad... MORE >
Hines Interests is selling its imposing 36-story, hexagon-topped tower at Seventh Avenue and 48th Street, multiple sources told The Observer. The Texas-based real estate investment firm, with $22.9 billion in assets worldwide, bought the 600,000-square-foot midtown prize at 750 Seventh Avenue in partnership with General Motors in 2000. The sale price was $150 million, or $260 a square... MORE >
One of the city's more... interesting... structures, the Cooper Square Hotel in the East Village is now property of Westport Capital Partners, a firm specializing in "opportunistic and distressed real estate investments" as part of a $70.9 million debt restructuring... MORE >
Gowanus hotel rivalry blooms while new music spot opens [BK Paper, Brownstoner] Businessweek says Upper East Side has city's most expensive block... MORE >
In her four years atop the city's Department of Transportation, Commissioner Janette Sadik-Khan has masterminded a re-engineering of the city's streets that not so long ago would have been impossible. Bike lanes proliferate, parking spaces have been transformed into cafes, and Broadway, the most famous road in the world, has been almost entirely closed to cars from Columbus Circle to Union Square.... MORE >
March 08, 2011
A recent East Harlem deal shows that the average prices per square foot in the neighborhood are surpassing those of 2010, brokers say. To be sure, a 34-unit Upper... READ MORE »
March 08, 2011
Gary Barnett's love for Soho may have turned out to be star-crossed. The tower-loving developer went on quite the Soho shopping spree in the early part of the last... READ MORE »
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