The real estate investor and British department store tycoon Mohamed Al Fayed is exploring a sale of the Manhattan office tower 75 Rockefeller Plaza.
According to executives who have been briefed on the offering, Mr. Al Fayed is aiming to negotiate a leasehold of the property in which he would continue to own the land under the 600,000-square-foot building and collect rent but put control of the asset in the hands of an investor. Read More
It’s a veritable debutante ball for the spruced-up retail space at 1270 Lexington Avenue that will be coming to market for the first time in 30 years, The Commercial Observer has learned. Read More
A Soho space that rents to Nike, among other high-end retailers, is on the block and expected to fetch $18 million or above, sources told The Commercial Observer today. Read More
A seven-story, 27-unit elevator apartment building on the Upper East Side hit the market today at $7.5 million.
This morning at the New York Public Library during the Bloomberg Real Estate Briefing, Sam Zell sat for an interview with Bloomberg Television’s Betty Liu. While the Local 46 Union protested Mr. Zell’s use of non-union labor to finish an apartment building on West 23rd Street outside, Ms. Liu asked Mr. Zell about the Read More
In this weak market, there’s something to be said for the philosophy go big or go home. The penthouse at the Park Millenium building will hit the market this weekend for $34.5 million, putting it high on the list of the most expensive units available right now.
Once upon a time, IT mogul Gideon Gartner Read More
We wondered why The Washington Post Company had decided to move Newsweek out of the Tribeca office that the title moved into only a year ago and here’s why: The magazine is up for sale.
Newsweek has been part of the Washington Post Company since 1961. Allen and Company will help Donald Graham make the sale. Read More
