By Daniel Edward Rosen 1/31 12:17pm

power broker

Donald Trump Jr. (photo credit: Hannah Mattix)

Trump Card: The Rise of 40 Wall Street and its Steward, Donald Trump Jr.

“For us, we had to do something different,” said Donald Trump Jr. last week, his voice rising with excitement.

Freshly tanned from a recent visit to Mexico, where he was overseeing a new project, the slicked-back scion grew steadily more enthusiastic as he discussed 40 Wall Street, an office tower that, with its rising and falling tenant roster, has contributed to the Trump Organization executive vice president’s growing reputation as a competent steward of the family name, a reliable fixer and successful dealmaker in his own right. Read More

By Janon Fisher 1/17 2:30pm

REBNY2012

Howard Rubenstein. (Illustration by Joao Maio Pinto)

Howard Rubenstein: Harry B. Helmsley Distinguished New Yorker Recipient

Manhattan real estate moguls talk about his “Solomonic wisdom,” according to The New York Times.

Former Mayor Rudolph Giuliani called him the “dean of damage control.” His public relations firm, Rubenstein Associates, once simultaneously represented both Leona Helmsley and Donald Trump.

So it’s no exaggeration to say that nothing of importance happens in New York City without somehow involving Howard J. Rubenstein. Read More

By Daniel Geiger 1/17 12:04pm

Lease of the Week

Starrett-Lehigh Building. (Courtesy Property Shark)

“The Most Complicated Deal I Personally Have Handled.”

It’s not uncommon to hear Manhattan’s real estate market characterized as sophisticated or complex.

Not every day, however, does a requirement as straightforward as Dentsu McGarryBowen’s uncork such an elaborate and interconnected series of transactions as it did at the Starrett-Lehigh Building.

A longtime tenant in the 2.3-million-square-foot building and one of the property’s largest users, the advertising firm needed to expand. But there was a small problem: Despite its size, the building—an artsy, far West Side location popular among creative tenants—had virtually no available space. Read More

By Daniel Edward Rosen 1/05 10:00am

lease beat

40 Wall Street. (Courtesy Property Shark)

Duane Reade Commits to Big Office Relocation at Trump’s 40 Wall Street

New York City drugstore pharmacy giant Duane Reade has agreed to relocate its corporate offices to 40 Wall Street, the same Trump Organization-owned office tower that already houses its sushi-serving, hair-styling flagship megastore.

Duane Reade will be taking the 21st and 22nd floors, for a total of 54,500 square feet, inside the 72-story building. The lease is for 15 years, with asking rents in the mid-$30s per square foot, several brokers said. Read More

By Drew Grant 10/10/11 5:59pm

Occupy Wall Street

Donald Trump has a message for the protesters.

Fox & Friends Belatedly Tells Occupy Wall Street to go to D.C. [Video]

(Disclosure: Donald Trump is the father in law of Jared Kushner, the owner of Observer Media Group)

It took a lot of effort for the hosts of Fox & Friends to go on pretending that last week’s Hank William Jr. “Hitler” comment on their show didn’t make for an entire Saturday Night Live sketch. Yet somehow they managed (despite Mr. Williams Jr. wrote a whole mean song about them). There are just so many bigger things in the world to worry about, people! Like have you heard about this Occupy Wall Street business? Gretchen Carlson has, because she reads the New York Post, and is now aware of the bizarro drug economy of Zuccotti Park. Very scary stuff.

Here to calm her fears is the soothing baritone of Donald Trump, who has a few choice words for the protesters. Mainly that they should get out of New York (and away from his hotels) and start protesting in Washington D.C., where of course they have been for the past 10 days. Read More