Following a shocker from a couple of weeks back that UBS is considering moving some of its offices from Stamford, Conn., to the World Trade Center (if only for the sake of the social lives of those poor, young traders raking in six-figure salaries) comes another rumor that a major bank is checking out Read More
By Laura Kusisto 6/17/11 1:36pm
Adding a much-needed gloss to the city’s ho-hum roster of mega-tenants, L’Oreal, the world’s largest cosmetics company, has just started looking for 500,000 square feet for its New York headquarters.
The company’s current HQ is at the Emery Roth-designed 575 Fifth Avenue, but the lease expires in 2015. The 520,000-square-foot building at 47th Street, which was bought Read More
By Laura Kusisto 6/16/11 6:04pm
Mid-tier developer Ziel Feldman has pledged $200 million to rescue the city’s most troubled residential tower from bankruptcy and take full control of One Madison Park.
By Laura Kusisto 6/16/11 1:59pm
Nothing takes us back to that halcyon year of 1996 as does seeing the likes of Michael Ondaatje and Drew Carey in the same paragraph. In a delightful blast from the not-so-distant past, the stars’ respective talent agencies have renewed at the Rudin family’s 41 Madison Avenue.
The Gersh Agency, who, in addition to a svelter Read More
By Laura Kusisto 6/15/11 5:49pm
Way under the radar, a lovely new Tribeca condo is growing at 83 Walker Street and The Observer has caught an initial peek.
The new nine-story building by Brooklyn developer Abra has just received a unanimous go-ahead from the Landmarks Preservation Commission.
“It’s a beautiful Tribeca building with a twist,” said architect Morris Read More
By Laura Kusisto 6/15/11 4:59pm
Raw fish is a dish we generally prefer with a side of irony. Thus, in our second-favorite reason this week to mock BroBillies, the nabe is getting that snooziest of cuisines, an Asian fusion restaurant.
Indeed, the press release contains more signs of the Apocalypse than we can count. To wit: ”Fushimi offers a family-friendly, yet Read More
By Laura Kusisto 6/15/11 10:58am
In the real estate equivalent of Mariano Rivera parachuting into a tight ninth inning, Steve Ross has just made a play for troubled tower 1 Madison Park.
By Elise Knutsen 6/14/11 12:54pm
TD Bank’s latest real estate move lends new meaning to their gestures at increased transparency.
The Canadian-based bank has just signed a lease for a 4,000-square-foot space on the ground floor of a new all-glass retail and office space at 201 East 57th Street, the New York Post reported. Although currently little more than a Read More
By Laura Kusisto 6/13/11 4:19pm
After scoring a smashing successlet with 263 Broadway, a diminutive Karl Fischer-designed luxury condo, developer Shaky Cohen has dreamed up a new seven-story development just a few doors down.
Mr. Cohen has dropped $5.5 million on a small plot of land at 255 Bowery Street, where he plans to build a new development with two stories of Read More
By Laura Kusisto 6/13/11 3:34pm
A couple of weeks ago, The Observer peered at a single light burning at failed condo project One Madison Park and speculated that it must be quite lonely at the top. Today The Journal reports that it’s a veritable frontier up there.
The dozen buyers (nine of whom The Observer has been told have moved Read More