When Chicagoans Speak
30 West 21st Street
There is no hell for sinful buildings, just reincarnation. Thirty West 21st Street has transformed itself from home of `80s debauchery to desirable office space.
Three major leases have been signed in the building that was once Danceteria. Appco Group U.S., a major marketing company, has signed a five-year lease for Read More
We talked to Sam Zell, the grave dancer himself, this afternoon. It was short and sweet, and mostly about a profile The Observer‘s working on. But, Mr. Zell, whose Equity Residential recently bought three apartment buildings in Manhattan, did have this to say about the New York real estate market:
SL Green, the city’s largest office landlord, has agreed to sell 19 West 44th Street for $123.2 million to Deka Immobilien, a German real estate investor.
That’s nearly double the $67 million that SL Green paid for the 292,000-square-foot building in 2004. The company plans to invest the $118 million in net proceeds towards 125 Park Avenue, which it agreed Read More
19 West 44th Street
Employment agency Forrest Solutions is getting a professional makeover of its own.
Forrest Solutions has signed an 11-year lease for 17,684 square feet at 19 West 44th Street, The Commercial Observer has learned. The asking rent for the ninth-floor space was $45 a square foot.
The company, Read More
David and Jed Walentas, the father-and-son real estate moguls whose Two Trees Management got its start decades ago in Soho, before abandoning it to craft Brooklyn’s Dumbo neighborhood almost wholecloth, are buying a Manhattan office building, the only one in their portfolio.
The family is in contract to buy the 340,000-square-foot 50 West 23rd Street, Read More
Condé Nast has signed a tentative agreement to move downtown to One World Trade Center, according to The New York Times.
The company will leave 800,000 square feet at 4 Times Square behind to anchor the new building, formerly known as the Freedom Tower, after its completion in 2013. The move will likely Read More
Starting next spring, the tower floors of 452 Fifth Avenue will be available for lease, The Observer has learned. The space, spanning the 12th to the 30th floors, and totaling 300,000 square feet, will likely be one of the most-sought-after office plots in midtown.
CB Richard Ellis is representing IDB Group subsidiaries Property and Building Read More
CBS Broadcasting will remain at the top of Hell’s Kitchen for at least 13 more years. The network has renewed its lease on 281,896 square feet of office space in the 20-story building at 555 West 57th Street, near 11th Avenue. The deal lasts through Dec. 31, 2023.
Continuing to assert its dominance in Read More
The National Football League has signed a 20-year lease for a new headquarters three blocks north of its current digs.
Now located at 280 Park Avenue, between 48th and 49th streets, the NFL will move to 345 Park Avenue, between 51st and 52nd, according to a release. Starting in the third quarter of next year, Read More
Billy Macklowe, the son of real estate great Harry Macklowe—who, in one of the boom’s great gambles, famously bought a $7 billion office portfolio only to have to give much of it back to the bank in the throes of the recession, and to sell the GM Building to boot—has officially left his dad’s company to form Read More