SL Green's flight to quality continues, now that one of its middle-market midtown office buildings is in contract for $161 million. The building at 28 West 44th Street (on "Club Row," says the press release) will go to APF Properties and a Prudential Real Estate Investors managed fund for $448 per square foot, according to a company... MORE >
Never mind the famed stair run, for once the race in the Empire State Bulding is for the bottom. King's College is negotiating to renew and expand to 60,000 square feet on the lower floors... MORE >
New York's rent regulation laws are set to expire June 15, which affects over a million apartments in New York City. As the politically charged debate in Albany heats up, Assembly Speaker Sheldon Silver has released a report with the snazzy title "The New Housing... MORE >
Big Fuel Communications, the braintrust behind MySpace's marketing campaign, are massively growing their Manhattan headquarters. The social media marketing and branded content agency has taken 40,000 square feet at 40 West 23rd Street, which also houses Home Depot's Chelsea store. We should clarify they did some work for MySpace and Fox a few years ago, and also represent such biggies as Neutrogena, McDonald's and... MORE >
Looks like Europe's most neutral nation has declared a confectionery showdown: on U.S. soil no less. Swissmaker, the so-called "pretzel pioneer," is opening its first New York location—just down the street from Hershey's flagship store. The candy concern has leased 1,700 square feet for 10 years, with a five-year renewal option at 723 Seventh Avenue, between 48th and 49th... MORE >
Not long ago Burger & Barrel opened in Soho offering $25 truffle burgers as if the Great Recession were already over (or perhaps it never began). But reality comes roaring back, with news that lenders have sought to foreclose on the restaurant's home and are marketing the loan for $8.5 million, The Observer has... MORE >
Fabrique Innovations occupies the smallest of niche markets making fleece blanket and snuggies with college logos. Now they are getting cozy in a likewise modest spot at Kaufman's 48 West 38th Street. ... MORE >
Any golfer will tell you: sometimes you just get tired of staring at an empty hole. At long last, Dick's Sporting Goods wants to fill Blackstone's cherished 36,000-square-foot empty, two-floor retail space at 42nd Street and Sixth Avenue, multiple sources... MORE >
Gary Barnett's love for Soho may have turned out to be star-crossed.... MORE >
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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 >
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 >
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 >
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 >
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