By Jotham Sederstrom 10/18/11 9:51am

the sit-down

Mark Keller and Edge Fund Advisors acquired 1540 Broadway in two phases.

The Chief Executive of Edge Fund Advisors Talks About 1540 Broadway

Last month, CB Richard Ellis Investors sold its remaining 51 percent stake in 1540 Broadway, the iconic, 42-story property also known as the Bertelsmann Building. For the buyers—Edge Fund Advisors and HSBC Alternative Investments Limited—the deal marks the final chapter in an acquisition grab that began last year when the joint venture took a 49 percent nonmanaging member stake. Mark Keller, Edge’s chief executive and chairman, spoke to The Commercial Observer about the investment strategy and plans to expand his company’s reach from the nation’s capital to the Big Apple.

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By Roland Li 6:12pm

PDF Hegemon Adobe Moves N.Y.C. HQ to 1540 Broadway

1540 Broadway

Ubiquitous software company Adobe is moving its New York headquarters, signing a 27,000-square-foot lease for the 17th floor at CB Richard Ellis Investors‘ 1540 Broadway. The space is more than twice the size of Adobe’s current address, at 8 West 40th Street. Asking rent was $57 per square foot.

Mary Ann Read More

By Tom Acitelli 5/12/09 4:22pm

Biggest Commercial Deals: Significant Shrinkage

Perusing statistics on the city’s biggest commercial property deals is like going to the Empire State Building’s observation deck with tourist friends from out of town: You know it’s supposed to mean something, but New York can be so much cooler.

The statistics underline just how far New York’s property sales market has fallen, and Read More

By Dana Rubinstein 3/05/09 12:29am

CBRE Investors Set To Close on Macklowe’s Old 1540 Broadway

CB Richard Ellis Investors, the investment fund run by mega-brokerage CB Richard Ellis, is set to close as early as Thursday on 1540 Broadway, one of the last remnants of Harry Macklowe’s once mighty midtown empire, sources say.

The price is said to be around $355 million. Macklowe Properties purchased the tower in February 2007 Read More