"INFAMOUS EXTENSIVE MASS"
When it was announced in early 2007 that the Empire State Building would undertake an ambitious, $550 million renovation—the first of such grandeur since it was erected 76 years earlier—real estate observers stood divided on whether the effort was long overdue or, considering the looming economic crises, an unnecessarily expensive bet.
Given the 102-story tower’s 2.5 million square feet—not to mention its aging infrastructure, elevators and lobby—naysayers had reason to doubt the logic behind such a costly affair. Add to those challenges a mandate to replace the building’s jigsaw puzzle of 550 fractious users with a collection of far more prestigious, full-floor tenants and the endeavor seemed positively Sisyphean to some.
Just posted to the Empire State Building’s Facebook page—yes, it has one—is a photograph of none other than Tom Cruise gracing its visage, the lesser-seen parts. Mounting the lip of the infamous, extensive mass and sporting a reluctantly exposed smile far from the reaches of Manhattan’s cosmically-lesser beings below him, Mr. Cruise lets Read More
This ran with Josh Barbanel’s Journal story this morning on how much foreign tenants love the Empire State Building, Malkin Holdings’ art deco icon off 35th Street.
Not in response to anything that happened recently, Wal-Mart announced they have a new web page showing how popular they are with New Yorkers.
They also announced they have 33,572 fans on Facebook, “surpassing the fan total of local landmarks such as the Empire State Building and Rockefeller Center.”
As Read More
Today the World’s Most Famous Office Building announced the completion of the installation of bike racks as part of its ongoing sustainability initiative. The only thing, though, is the “bike racks” aren’t really bike racks, but rather a whole “dedicated bicycle storage room … purpose-built to provide secured and weather protected bicycle storage for tenants.”
Isn’t Read More
Never mind the famed stair run, for once the race in the Empire State Bulding is for the bottom. King’s College is negotiating to renew and expand to 60,000 square feet on the lower floors there.
The Christian liberal arts college currently houses its administrative offices and classroom space in 50,000 square feet on Read More
In just the last couple of months, we’ve watched the ins and the outs, the ups and the downs at the Empire State Building. The activity continues unabated.
Milwaukee-based Gonzalez, Saggio and Harlan, the nation’s largest minority-owned law firm, has moved their New York offices from the icon to a 6,035-square-foot space at Read More
Empire State Building
Turkish Airlines has been ferrying into New York with increasing frequency, so it’s no surprise the republic’s flagship airline has decided to land in the city’s most prominent tower.
A few months after bumping up its New York to Istanbul flights by 30 percent, Turkish Airlines has taken 5,863 square feet on Read More
There are few events The Observer looks forward to each year more than the annual brokers’ race to the top of the Empire State Building. There is nothing that caffeine-fueled cubicle rats like ourselves do better than chide others’ athletic accomplishments.
Our congratulations, of course, go out to Cushman & Wakefield’s Matthew Siegel, the sprightly Read More
350 Fifth Avenue
The Empire State Building is no stranger to grand entrances, but Li & Fung managed to muster an extra dash of drama.
The Hong Kong-based clothing conglomerate has signed a 490,000-square-foot lease in the iconic tower-easily the biggest lease of the young year, and also trouncing all the leases of 2010. Read More