Since 2009, Gerard Nocera, Michael Reid and John Monaco have helmed Herald Square Properties, an investment and operating company that has, since launching, provided asset management services for more than 800,000 square feet of office properties in Manhattan. The former COO of SL Green, Mr. Nocera, 54, spoke about the revitalization program at the Lipstick Building at 885 Third Avenue and the company’s efforts to acquire new property. Read More
The Lipstick Building’s problems are hardly cosmetic. The building pushes toward the sky in perfect oval layers, but beneath the smooth facade, the building has been smeared by bankruptcy and its association with the Madoff scandal.
Now it has new owners, who are hopeful that a $15 million touch-up will be enough to Read More
The Lipstick Building rises from the midtown skyline in sleek, tubular perfection. But its falls have been just as dramatic.
Bernie Madoff once rode the gilded elevator to the 17th floor, from which he and a mere handful of employees built one of the biggest pyramid schemes in history. In the last couple of years, Read More
Five years ago, Wolfgang Zwiener, longtime headwaiter at Williamsburg’s famed Peter Luger, transformed himself from apprentice to master with the opening of Wolfgang’s Steakhouse, a rival ode to bow-tied elegance and Porterhouse heft on the Manhattan side of the East River. Now opening its third New York location, Wolfgang’s is making its mark on Third Read More
Haim Revah and partners "emerged unscathed in their refinancing of the iconic Lipstick Building, a New York office tower it bought near the top of the market in 2007 for $607 million," the Wall Street Journal reports this morning.
Mr. Revah’s Metropolitan Real Estate Investors and partners had a $60 million loan Read More
