Is there anything more active than Scott Lawlor’s Broadway Partners?
The relentless real-estate investment firm is in contract to purchase another national portfolio from Beacon Capital Partners, which includes two Manhattan prizes, a source familiar with the deal said. The sale price for the portfolio is expected to be close to $5 billion.
The Partners’ Read More
Downtown Manhattan grabbed headlines throughout the end of February, as Governors Spitzer and Corzine endorsed—however begrudgingly—the Freedom Tower and the board of the Port Authority signed off on $500 million in funding for the skyscraper.
Analysts ticked off the usual litany of benchmarks showing downtown’s resurgence in the last five years: the low vacancy rates Read More
The upmarket men’s clothier Thomas Pink is moving downtown.
Pink has landed a ground-floor lease at 63 Wall Street for just under 4,000 square feet, a broker involved in the deal confirmed.
The high-end British retailer, which sells $200 dress shirts and $100 ties, already has stores at the Time Warner Center, 520 Madison Avenue Read More
LOCATION: The controversy over 980 Madison Avenue has yet to be resolved, but the Landmarks Preservation Commission made it clear in late January that developer Aby Rosen will have to change the scope of his planned 30-story condo tower atop the historic building. What has been the commission’s thinking on 980 Madison?
TIERNEY: It’s the Read More
That’s the official amount the Macklowes paid for Worldwide Plaza, the second most-expensive office-building sale in U.S. history.
Here are the official price tags on three other buildings they bought:
1540 Broadway: $967,555,811
527 Madison: $234,641,309
Tower 56: $178,521,008
The Real Estate is still waiting on the records for the other four Read More
A bad marriage or an open door? How best to characterize the reaction from Tuesday morning’s Landmarks Preservation Commission meeting on Norman Foster’s 22-story tower for 980 Madison Avenue?
The Real Estate called the principal actors for comment, having been unable to attend in person.
“Nine out of 10 commissioners strongly opposed the Read More
In renewal news, Phillips-Van Heusen has renewed and expanded to nearly 200,000 square feet at 200 Madison. The apparel company that brings you Calvin Klein, Bass and Izod renewed its 150,000-square-foot lease and expanded by an additional 47,629 feet at its Murray Hill home.
Cushman & Wakefield’s Matthew Astrachan, Mitchell Konsker and Steven Bauer represented Read More
Wolfe “works with the insult factor.”
In a conversation on Tuesday with The Real Estate, the developer Aby Rosen did his best to besmirch the knight in a white suit who tried to rescue 980 Madison in the Times this weekend:
Tom Wolfe loves to rant and he’s been ranting against the city Read More