Marc Jacobs Has a New Neighbor
By Matt Chaban | May 17, 2011 | 2:32 pm
Does the West Village have another fashionable... MORE»
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Busy Season at Paramount's 1633 Broadway
By Jotham Sederstrom | May 17, 2011 | 1:46 pm
The Germany-based Paramount Group is marketing a partial stake in its ownership of the 2.4 million-square-foot 1633 Broadway building in Times Square. The group, which recently added a 49 percent stake to its majority investment last month, is now seeking to flip a similar interest in a deal that might also include equity and part of the 49-story building's... MORE»
New York Hold `Em in Vegas
By Jotham Sederstrom | May 17, 2011 | 12:39 pm
Gene Spiegelman, an executive vice president at Cushman & Wakefield, has tallied several major awards in his nearly 25 years in the business-including a pair of REBNY 'Retail Deal of the Year' awards for his work with Crate & Barrel and Diesel. Accolades aside, the broker still counts the annual International Council of Shopping Centers conference in Las Vegas as a singular event. Mr. Spiegelman, 46, talked about the clients he's snagged there and why it holds a special meaning for... MORE»
Make 'Em Like They Used To
By Matt Chaban | May 17, 2011 | 12:33 pm
"Doing historic townhouses is basically the same as doing a piece of antique furniture, only bigger," George Agiovlastis told The Observer last week. The artist-turned-antiquer-turned-home restorer had just sold his third revamped townhouse, 38 Grove Street, for $14 million, according to city... MORE»
A Very Big Deal: Cuomo Comes Out for Strengthening Rent Regs
By Tom Acitelli | May 17, 2011 | 11:11 am
In a move sure to give landlords and brokers serious agita, Governor Cuomo has come out in favor of strengthening existing rent regulations for New York City's approximately 1 million stabilized apartments. David Freedlander over at PolitickerNY has all the initial details: Leaning on his time as HUD secretary during the Clinton administration, Cuomo called affordable housing "the building block of strong communities and a strong economy." Says the... MORE»
The Model Broker: Newmark's Workaholic Amira Yunis
By Jotham Sederstrom | May 17, 2011 | 10:36 am
From her enviable perch above Park Avenue, Amira Yunis enjoys a perfect view of the Chrysler Building and, in particular, its iconic art deco spire. For the executive vice president of Newmark Knight Frank, the towering beauty serves as a constant and daily reminder of one of the more laudable achievements of her... MORE»
Murray Hill's $265 M. Chinese Savior
By Laura Kusisto | May 17, 2011 | 8:33 am
The bank was just weeks away from taking over Murray Hill's prized 1180 Sixth Avenue when a Chinese investor stepped in to save the tower. "We got into a tight situation in that a mezz holder, the Shorenstein Group, bought the equivalent of the B-note," said Norman Sturner, president and CEO of Murray Hill Properties, "and at some point in time, started a... MORE»
On the Market: Secrets to a Smoking Ban; Hipster Houseboats; Extell Next Block Buster
By Matt Chaban | May 17, 2011 | 8:14 am
Ex-City Council Speaker Gifford Miller buys $3 million UES co-op [Real Deal] There are six Lexus cabs in the city, and Council wants to add 1,500 medallions [Times... MORE»
RXR Asking Three-Figure Rents, Getting Answers at 1330 A of A
By Laura Kusisto | May 16, 2011 | 4:23 pm
1330 Sixth Avenue There's a certain fearful symmetry in putting "hedge fund" and "1330 Sixth Avenue" in one sentence. But it seems that both are having a moment. Andor Capital Management, a technology hedge fund manager based in Greenwich, Conn., has signed a five-year deal to occupy a portion of the 5,875-square-foot 24th floor. Lloyd Desatnick of Jones Lang LaSalle represented the... MORE»
Nomura Keeps George Comfort, Brookfield Guessing
By Laura Kusisto | May 16, 2011 | 3:14 pm
Nomura, the most-watched tenant on the market right now, is close to finally signing a 700,000-square-foot deal at George Comfort & Sons' Worldwide Plaza, numerous sources told The Observer. In almost any other scenario, we would assume that if five top brokers have all heard such news it must be true, but with so many eyes on the indecisive Japanese investment bank, the issue might not actually be settled... MORE»
No Condos as Chetrit Checks In to the Chelsea
By Matt Chaban | May 16, 2011 | 11:47 am
Artists and nostalgists need not fear--the Chelsea will remain a... MORE»
Options to Renew: Watch That Calendar!
By Jeffrey Margolis | May 16, 2011 | 9:33 am
Having an option to renew is a terrific benefit to any tenant and represents a substantial landlord concession. Let me count some of the ways. Tenant's... MORE»
On the Market: Walentas' Mercedes House Races Ahead; WTC Plaza Panorama; Threadbare Third Avenue
By Matt Chaban | May 16, 2011 | 8:37 am
Fire trap that killed two was illegal SRO run by former firefighter [News, Times] Where have all the skyscrapers gone?... MORE»
Meet the Neighbors! Brian Morgan Not Afraid of the Starck
By The Editors | May 13, 2011 | 7:54 pm
Welcome to the latest installment of our ongoing interview series, Meet the Neighbors! Brian Morgan was named Rookie of the Year in 2006, after leaving the film industry for Citi Habitats. Now a vice-president at the firm, he also finds time to run a bar with his two brothers and a non-profit to help underprivileged kids--what are you doing with your... MORE»
Sporty Gap Races Into 86th and Third
By Laura Kusisto | May 13, 2011 | 1:53 pm
As assured as the sight of tulips blooming in Central Park, is the specter of Upper East Siders in velour track suits ambling as their West Side countparts sprint by. No more! Athleta, the Gap sports brand that's been slowly muscling its way into major U.S. cities, is opening its second New York location at Third Avenue and 86th Street. The retailer has taken 4,000 square feet in a long-term lease at 1517 Third... MORE»
