Since 2009, Gerard Nocera, Michael Reid and John Monaco have helmed Herald Square Properties, an investment and operating company that has, since launching, provided asset management services for more than 800,000 square feet of office properties in Manhattan. The former COO of SL Green, Mr. Nocera, 54, spoke about the revitalization program at the Lipstick Building at 885 Third Avenue and the company’s efforts to acquire new property.
Bernie Madoff’s prospective daughter-in-law is listed as co-author of a book that has been marketed anonymously to book sellers, leading The New York Times to speculate that the amusingly mysterious book is about him.
MobyLives wonders why Michael Hastings’ book was canceled by Little, Brown. They ask some questions: “Why would Read More
Baker Hostetler has renewed 120,000 square feet at 45 Rockefeller Plaza.
As The Observer reported in March, the world’s 85th-largest law firm, which represented Bernie Madoff’s victims in their search for lost treasure, was negotiating to lock down a deal back then. The firm initially subleased 100,000 square feet on the ninth, 10th and Read More
While it may not have a book written about it, 778 Park Avenue is just as grand at its sister down the block. John Hess, James Robinson and William Lauder all call Rosario Candela’s red-brick wonder home, and of course Brooke Astor and the Buckleys used to. (Vera Wang was here, too, before trading up Read More
White Collar Grime
Charles Cohen has weathered the downturn well. The design-oriented president and CEO of Cohen Brothers Realty has been overseeing a bevy of construction and redevelopment projects nationwide, including in Manhattan. The Commercial Observer sat down with Mr. Cohen, 59, to discuss his love of design and his more recent work as a film producer.
The FBI has tasked agents from its Behavioral Analysis Unit with profiling the tics and traits of a Wall Street fraudster, according to Reuters.
As is pointed out a number of times in the article, this is a difficult task, since what makes people good at business might coincide with the things that make them Read More
When Bernie Madoff pleaded guilty to running a Ponzi scheme in December 2008, it wasn’t the scope of the fraud that shocked Harry Markopolos. It was the fact that so many people were so clueless for so long. Though the Securities and Exchange Commission, The Wall Street Journal and almost everyone else who could’ve done Read More
Totally random fact of the day: A reader pointed out to me this morning that former Assemblyman Bran McLaughlin is doing time in Butner Federal Correctional Complex (FCC) in North Carolina, the same prison as Bernie Madoff.
UPDATE: Former Assemblyman Anthony Seminerio is there Read More
Fred Wilpon, the owner of the Mets–who was originally said to have lost money with Bernard Madoff, and who was later determined to have made money with Mr. Madoff—filed a lawsuit yesterday claiming everyone was right the first time.
After initial reports that Mr. Wilpon lost $700 million dollars and that Read More
Sure, Bernie and Ruth Madoff had a pair of diamond earrings, five fur coats, Christofle flatware, Tiffany placecard holders, dozens of Audmar Piquet watches, and a hipstery satin Mets jacket, but of all the items going up for auction this week, it’s apparently the duck decoys from their yard in Montauk that are generating the Read More