It’s very rare indeed for us to uncover a tenant so prospective they haven’t even started looking yet. But with a hot rumor that L&L Holdings plans to build a new office tower at 425 Park Avenue, Kaye Scholer may need to start hunting for a massive block of space any day now.
The sale Read More
It took five years for the first penthouse at the Richard Meier-designed On Prospect Park to sell, but significantly less than that for the architect to lock down a new lease.
Richard Meier & Partners has signed an early renewal of their 18,500-square foot lease at 475 10th Avenue. They’ll be hanging out on the Read More
Whether it was a magic spell or just those bargain asking rents, four companies specializing in Halloween merchandise and apparel have signed leases at 1115 Broadway—a building that has apparently targeted this nichest of markets.
“Eleven-fifteen Broadway has always catered to the seasonal products industry,” said James Buslik of Adams & Co. in a statement. Read More
Trinity has not had an easy time unloading a prime site at 330 Hudson Street. The ecclesiastical landlord leased the site to a developer four years ago, but waited for months on end for a planned hotel conversion to go forward.
Trinity ultimately took back the lease, and today announced that a new 99-year ground Read More
A rare divide has formed between Democrats and affordable housing advocates over a prevailing wage provision in the extension of the popular 421-a tax credit. Those advocates say that an extension of the 421-a tax credit that includes requiring them to pay prevailing wages to construction workers on non-public projects will drastically reduce the number of Read More
Notwithstanding the seemingly thousands of pigeons that have occupied Bryant Park, Manhattan is getting its first wild bird sanctuary.
The Wild Bird Fund will be an 800-square-foot roost for all manner of feathered friend at 565 Columbus Avenue, between 87th and 88th streets.
“This will be a great location for them,” Winick Realty’s Brian Tregerman Read More
If anything inspires confidence that a building’s aging elevators will be taken care of, it’s knowing that the landlord is moving in.
APF Properties is moving from just a block over and expanding into 5,000 square feet for 10 years at 28 West 44th Street—a building, mind you, it just acquired from SL Green for Read More
Hot on the heels of RXR Realty’s purchase of the Starrett-Lehigh Building for $900 million and the sale of 111 Eighth Avenue to Google for $1.8 billion, Bed Bath & Beyond’s building is on the block.
A partnership of Joseph Chetrit and Yair Levy, spearheaded by Charles Dayan from Bonjour Capital, bought the building for $289.8 million in 2005, according to city records. But with the trendy Chelsea office market enjoying a boom, driven in no small part by the tech bubble, the building could sell for around $500 million, according to some sources. Read More
If whipping out a crumpled coupon following dinner at Le Cirque doesn’t exactly appeal, this might be the start-up for you. E-coupon innovator Village Vines has landed its first grown-up office.
“When we went to see the space, it helped that the agent said, ‘I know what you guys are. I just used you!’” the tenant’s broker, Elliot Warren of The Kaufman Organization, told The Observer. Village Vines then successfully landed its first 2,500-square-foot permanent digs near Union Square for five years at 37 West 17th Street.
The company is less than a year old, so for the less technologically inclined, he explained the concept thusly: Read More
A mystery trio was quietly in contract for the most valuable development site in North America for months. Below, a copy of the contract they signed for an $850 million purchase of the Drake Hotel site from Harry Macklowe.
