Not even all the gaudy 1980s glamor in the world can stop the ravages of time. Empires rise and empires fall; the Helmsleys’ carefully-assembled real estate one is no exception. Leona Helmsley’s Estate has been selling off the couple’s carefully-assembled New York portfolio following her death in 2007, with one extensive renovation after another wiping out all the real estate magnates’ touches. And with the pending sale of the Park Lane Hotel, yet another trace of the tax-evading couple looks likely to disappear from the city’s landscape.
A deal has been reached to sell the Park Lane Hotel, the eye-catching 1970s tower on Central Park South, to a team led by the Witkoff Group for more than $650 million, the Wall Street Journal reported. And, as the purchase price suggests, whether or not the building is demolished, very little is likely to remain as is—the Park Lane’s appeal lies in its prime location. The dated architecture is just a bonus.
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.
Cats and Dogs
What will they say of you now, Trouble!
Dead upon your gilded pillow
The millions they did double
But this Maltese they could not save.
So go then, Trouble, to the Elysian doggy fields,
Where bones are thrown,
(The Queen of Mean awaits you there alone.)
And only the little people pay taxes,
And it’s Read More
The Commercial Observer: How have all the zoning changes over the last eight years impacted business?
Mr. Lindenbaum: As an applicant, for some of them, it’s obviously helped my business and even where we weren’t the applicants—but the city initiated proposals—we represented people in the areas proposed to be rezoned and had an input on Read More
The New York Helmsley Hotel, that 775-room inn trapped in a design hell of 1980s Greed-Is-Good glamour, is getting a face-lift, one to obliterate many of the fingerprints of the late Queen of Mean herself, Leona Helmsley.
While you still can, walk through the revolving doors of 212 East 42nd Street and step into the Read More
Mad Max Capital: from atop Harry Helmsley’s building, young real-estate baron buys and builds Manhattan.
Gazing out his Park Avenue office window the day before Thanksgiving, Adam Hochfelder used a small mike attached to his phone to call in a personal favor from Donald Trump.
“Hi, Rona, it’s Adam,” Mr. Hochfelder said to Read More