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 the Read More
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
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
Ever since Steve Ross trotted out the much-talked-about fact that Related is under discussion for 18 million square feet of leases at Hudson Yards, The Observer‘s nose has been pointed way westward.
By far the biggest news we’ve found is that Credit Suisse-First Boston might be mulling a move to Hudson Yards, according to multiple top Read More
Sheldon Solow will have the last laugh after all. In a truly startling swamp, Natixis is ready to cut a deal at 9 West 57th Street, putting its space at 1251 Sixth Avenue back on the market.
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 Read More
Pity the lawyers these days.
Law firm Milbank Tweed Hadley McCloy LLP, which currently occupies high-floor space in fabulous Chase Manhattan Plaza, will likely not be able to stay. JPMorgan Chase, which owns the building, wants more space for itself in the brimming tower. Meanwhile, Milbank’s lease expires in 2013, with a five-year renewal option, but Read More
It seems high time that the Whitney and the Metropolitan Museum of Art, well, met.
The Whitney approved a $680 million expansion plan into the meatpacking district last spring, after years cramped in an overhanging Brutalist beast of a building on 75th Street. But there was a catch: Cosmetics heir Leonard Lauder apparently has a Read More
The city is still wheeling with the news that Kate Spade has launched a nostalgic line of mint green bicycles. Now Ms. Spade is toodling into some bigger downtown digs.
One can no longer enjoy a stroll through the Brooklyn Flea or a breezy brunch in the Village without being garotted by a pink patent Read More
Naked Pizza is opening two locations in New York City, but it turns out that was merely a striptease.
The New Orleans-based makers of half-calorie pizza (with, of course, all the taste) recently leased spaces in midtown east, at 954 Third Avenue, and near Union Square, at 150 East 14th Street. Now the company plans Read More