Guggenheim Partners, an investment firm that grew from administering the vast private wealth of the Guggenheim family in the early 1900s to a multifaceted financial firm, has signed a large lease at 330 Madison Avenue for its New York headquarters, sources revealed.
The deal comes one month after The Commercial Observer first reported that Guggenheim was looking to take space at the building in November. Read More
Guggenheim Partners is looking to bring its New York headquarters to 330 Madison Avenue, sources told The Commercial Observer this afternoon.
The investment and financial services firm would take several floors in the base of the Vornado Realty-owned tower. Estimates vary how much space Guggenheim could fill in the building, but several people with knowledge of the firm’s requirements pinned the potential deal at 220,000 square feet or larger. Read More
Real estate investor Joseph Chetrit closed on his nearly $80 million Chelsea Hotel buy early last week, and now information has trickled out about how he and junior partner Clipper Equities paid for it.
They got an $85 million, 36-month loan from Paris-based banking behemoth Natixis. The loan has a 12-month repayment extension option, and was brokered for the borrowers by Meridian’s Ronnie Levine and Aaron Birnbaum. (Real Estate Weekly has more news on the loan.)
Clipper, incidentally, was the controversial would-be buyer of the massive affordable-housing complex in Brooklyn, Starrett City, offering $1.3 billion in 2007. Read More
Sheldon Solow will have the last laugh after all. In a truly startling swamp, Natixis is ready to cut a deal at 9 West 57th Street, putting its space at 1251 Sixth Avenue back on the market.
Back in the fall, the sometime-troubled French money manager (a Madoff victim and Goldman adversary) wanted to renew at Read More
