<?xml version="1.0" encoding="UTF-8"?><?xml-stylesheet type="text/css" media="screen" href="http://s2.wp.com/wp-content/themes/vip/newyorkobserver/stylesheets/rss.css"?>
<rss version="2.0"
	xmlns:content="http://purl.org/rss/1.0/modules/content/"
	xmlns:wfw="http://wellformedweb.org/CommentAPI/"
	xmlns:dc="http://purl.org/dc/elements/1.1/"
	xmlns:atom="http://www.w3.org/2005/Atom"
	xmlns:sy="http://purl.org/rss/1.0/modules/syndication/"
	xmlns:slash="http://purl.org/rss/1.0/modules/slash/"
	xmlns:georss="http://www.georss.org/georss" xmlns:geo="http://www.w3.org/2003/01/geo/wgs84_pos#" xmlns:media="http://search.yahoo.com/mrss/"
	>

<channel>
	<title>Observer &#187; Developer Says Conde To Rejoin Rail Yards Bid, But Conde&#8217;s Not Talking</title>
	<atom:link href="http://observer.com/2008/05/developer-says-conde-to-rejoin-rail-yards-bid-but-condes-not-talking/feed/" rel="self" type="application/rss+xml" />
	<link>http://observer.com</link>
	<description></description>
	<lastBuildDate>Tue, 21 May 2013 00:33:59 +0000</lastBuildDate>
	<language></language>
	<sy:updatePeriod>hourly</sy:updatePeriod>
	<sy:updateFrequency>1</sy:updateFrequency>
	<generator>http://wordpress.com/</generator>
<cloud domain='observer.com' port='80' path='/?rsscloud=notify' registerProcedure='' protocol='http-post' />
<image>
		<url>http://1.gravatar.com/blavatar/dac0f3722a48a53be75eb06c0c4f5119?s=96&#038;d=http%3A%2F%2Fs2.wp.com%2Fi%2Fbuttonw-com.png</url>
		<title>Observer &#187; Developer Says Conde To Rejoin Rail Yards Bid, But Conde&#8217;s Not Talking</title>
		<link>http://observer.com</link>
	</image>
	<atom:link rel="search" type="application/opensearchdescription+xml" href="http://observer.com/osd.xml" title="Observer" />
	<atom:link rel='hub' href='http://observer.com/?pushpress=hub'/>
		<item>
				
		<title>Developer Says Conde To Rejoin Rail Yards Bid, But Conde&#8217;s Not Talking</title>

		<comments>http://observer.com/2008/05/developer-says-conde-to-rejoin-rail-yards-bid-but-condes-not-talking/#comments</comments>
		<pubDate>Thu, 15 May 2008 20:16:22 -0400</pubDate>
					<link>http://observer.com/2008/05/developer-says-conde-to-rejoin-rail-yards-bid-but-condes-not-talking/</link>
			<dc:creator>Eliot Brown</dc:creator>
				
		<guid isPermaLink="false">http://www.observer.com/2008/05/developer-says-conde-to-rejoin-rail-yards-bid-but-condes-not-talking/</guid>
		<description><![CDATA[<p><img class="alignleft" src="http://nyoobserver.files.wordpress.com/2011/06/durst-vno-walkway_1.jpg?w=300&h=182" />One of the remaining bidders for the West  Side rail yards, <a href="http://durstvornado.com/openspace.html#">a team</a> of the Durst Organizaiton and Vornado Realty Trust, said it is expecting that S.I. Newhouse’s Condé Nast will remain part of its bid as an anchor tenant.
<p class="MsoNormal">“We expect that Condé would be our partner,” said Durst spokesman Jordan Barowitz.</p>
<p class="MsoNormal">However, Condé, which began a new search for space after Tishman Speyer was named the winner over the Durst/Vornado team in March, did not make clear its plans, as a company spokeswoman, Maury Perl, declined comment. </p>
<p class="MsoNormal">In the <a href="http://www.google.com/url?sa=t&amp;ct=res&amp;cd=1&amp;url=http%3A%2F%2Fwww.observer.com%2F2007%2Fdurst-dreams-green-populated-west-side&amp;ei=uJgsSJkSpvqmBP_D4bUE&amp;usg=AFQjCNGW712cZ8CFacn4aEl9yppaSphrNA&amp;sig2=mWrogOksR5kKreXE_k7bpQ">original Durst/Vornado bid</a>, Condé expected to take about 1.5 million square feet on the rail yards, a move made easier given that its 4 Times Square headquarters is owned by Durst. </p>
<p class="MsoNormal">But after the bid fell short (Tishman was announced the winner but failed to ever sign an agreement before <a href="/2008/mta-declares-tishman-rail-yards-deal-dead-looks-back-other-bidders">its deal collapsed</a> in recent days), Condé <a href="http://www.google.com/url?sa=t&amp;ct=res&amp;cd=4&amp;url=http%3A%2F%2Fwww.observer.com%2F2008%2Fconde-nast-executive-other-promising-real-estate-opportunities&amp;ei=IZksSKHiEYOmpwSssdCoBA&amp;usg=AFQjCNGokvOkFoGL88ggWITHdHigjkY2sw&amp;sig2=_uQYOUpKprLwAa5nHkREbw">began talking to other potential landlords</a>. And, according to a real estate executive, the firm is still in discussions to go to a <a href="http://www.google.com/url?sa=t&amp;ct=res&amp;cd=1&amp;url=http%3A%2F%2Fwww.observer.com%2F2008%2Fbrookfield-taps-som-other-west-side-rail-yards&amp;ei=ZZksSJuqFob6pgTtmLm3BA&amp;usg=AFQjCNGgwpsTGfDlwV8BPXun1k1ICZig-w&amp;sig2=1pTs_MUKMEPxdFiGsoT2_w">Ninth Avenue site</a> owned by Brookfield Properties just east of the West Side rail yards. </p>
<p class="MsoNormal">If the Durst/Vornado team is able to keep Condé as an anchor tenant, it would certainly enhance its bid with a sense of certainty that Tishman Speyer lacked given its anchor tenant, Morgan Stanley, dropped out of the bid. </p>
<p class="MsoNormal">As for the other remaining developers, an Extell Development representative has said the company expects to rejoin the effort to win the rail yards, and Steve Ross’ Related Companies is considering a bid, according to a person familiar with the company.</p>
]]></description>
		<content:encoded><![CDATA[<p><img class="alignleft" src="http://nyoobserver.files.wordpress.com/2011/06/durst-vno-walkway_1.jpg?w=300&h=182" />One of the remaining bidders for the West  Side rail yards, <a href="http://durstvornado.com/openspace.html#">a team</a> of the Durst Organizaiton and Vornado Realty Trust, said it is expecting that S.I. Newhouse’s Condé Nast will remain part of its bid as an anchor tenant.
<p class="MsoNormal">“We expect that Condé would be our partner,” said Durst spokesman Jordan Barowitz.</p>
<p class="MsoNormal">However, Condé, which began a new search for space after Tishman Speyer was named the winner over the Durst/Vornado team in March, did not make clear its plans, as a company spokeswoman, Maury Perl, declined comment. </p>
<p class="MsoNormal">In the <a href="http://www.google.com/url?sa=t&amp;ct=res&amp;cd=1&amp;url=http%3A%2F%2Fwww.observer.com%2F2007%2Fdurst-dreams-green-populated-west-side&amp;ei=uJgsSJkSpvqmBP_D4bUE&amp;usg=AFQjCNGW712cZ8CFacn4aEl9yppaSphrNA&amp;sig2=mWrogOksR5kKreXE_k7bpQ">original Durst/Vornado bid</a>, Condé expected to take about 1.5 million square feet on the rail yards, a move made easier given that its 4 Times Square headquarters is owned by Durst. </p>
<p class="MsoNormal">But after the bid fell short (Tishman was announced the winner but failed to ever sign an agreement before <a href="/2008/mta-declares-tishman-rail-yards-deal-dead-looks-back-other-bidders">its deal collapsed</a> in recent days), Condé <a href="http://www.google.com/url?sa=t&amp;ct=res&amp;cd=4&amp;url=http%3A%2F%2Fwww.observer.com%2F2008%2Fconde-nast-executive-other-promising-real-estate-opportunities&amp;ei=IZksSKHiEYOmpwSssdCoBA&amp;usg=AFQjCNGokvOkFoGL88ggWITHdHigjkY2sw&amp;sig2=_uQYOUpKprLwAa5nHkREbw">began talking to other potential landlords</a>. And, according to a real estate executive, the firm is still in discussions to go to a <a href="http://www.google.com/url?sa=t&amp;ct=res&amp;cd=1&amp;url=http%3A%2F%2Fwww.observer.com%2F2008%2Fbrookfield-taps-som-other-west-side-rail-yards&amp;ei=ZZksSJuqFob6pgTtmLm3BA&amp;usg=AFQjCNGgwpsTGfDlwV8BPXun1k1ICZig-w&amp;sig2=1pTs_MUKMEPxdFiGsoT2_w">Ninth Avenue site</a> owned by Brookfield Properties just east of the West Side rail yards. </p>
<p class="MsoNormal">If the Durst/Vornado team is able to keep Condé as an anchor tenant, it would certainly enhance its bid with a sense of certainty that Tishman Speyer lacked given its anchor tenant, Morgan Stanley, dropped out of the bid. </p>
<p class="MsoNormal">As for the other remaining developers, an Extell Development representative has said the company expects to rejoin the effort to win the rail yards, and Steve Ross’ Related Companies is considering a bid, according to a person familiar with the company.</p>
]]></content:encoded>
		<wfw:commentRss>http://observer.com/2008/05/developer-says-conde-to-rejoin-rail-yards-bid-but-condes-not-talking/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
	
		<media:content url="http://2.gravatar.com/avatar/becf95fa833b8aeb13f7720732bd6dc6?s=96&#38;d=identicon&#38;r=G" medium="image">
			<media:title type="html">jhanasobserver</media:title>
		</media:content>

		<media:content url="http://nyoobserver.files.wordpress.com/2011/06/durst-vno-walkway_1.jpg?w=300&#38;h=182" medium="image" />
	</item>
	</channel>
</rss>
