By Stephen Jacob Smith 2/20 4:10pm

Manhattan Transfers

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Jenga! Penthouse at 56 Leonard Hits the Market For $24 M.

It may look like a glass and steel version of wooden Jenga tower, but a piece of 56 Leonard Street will cost buyers considerably more than the $13 Parker Brothers game. Just a month after the Alexico Group closed on a $350 million construction loan for the downtown tower, nine units—ranging from a lowly two-bedroom on the 14th floor to a $24 million full-floor penthouse on the 57th floor—have been listed with Corcoran Sunshine. (The Herzog & de Meuron-designed tower does have one major advantage over a Jenga structure: it’s not likely to fall down anytime soon.) Read More

By Laura Kusisto 4/26/11 10:57pm

Big Real Estate

Thirty Bidders Later, Former Morgan Stanley Hub in Contract

Hines Interests is in contract to sell the imposing hexagon-topped former Morgan Stanley hub at 750 Seventh Avenue, multiple sources told The Observer.

Interest from bidders was “through the roof,” according to one person involved in the process, with 20 to 30 prospective buyers, including a number foreigners from the Middle East and Asia. An offshore investor was Read More

By Dana Rubinstein 4/08/10 9:56pm

SKYSCRAPERS

600 Lexington in Contract to Sell (UPDATED)

Texas-based Hines Interests is in contract to sell the 36-story, 282,409-square-foot office tower at 600 Lexington Avenue for at least $160 million (other sources put the bids at $180 and $190 million), according to a representative of one of the losing bidders.

Darcy Stacom of CB Richard Ellis, who listed the tower for Hines, called the losing Read More

By Reid Pillifant 10/29/09 6:49pm

MoMA Tower Sails Through Council, On to the Courts

To the courts!

The City Council approved the controversial MoMA tower yesterday afternoon by a vote of 44-3, which is supposed to be the last step in the approval process, but is really just the last step before the inevitable lawsuit challenging the approval process.

So it’s just barely even news that an opposition group Read More