The race to sell off a portion of the Freedom Tower-officially, One World Trade Center-has kicked into a new gear.
The Port Authority, the New York-New Jersey-controlled bureaucracy that is developing the tower and shopping around an ownership stake, late last month dropped two developers vying to take a piece of the 1,776-foot tower, according Read More
What do Stephen Ross, Steve Roth, Mort Zuckerman, Douglas Durst, Ric Clark and Gerald Hines have in common?
The six landlords are all vying to take a stake in 1 World Trade Center, the since-renamed 1,776-foot “Freedom Tower” that is being developed by the Port Authority of New York and New Jersey.
According to multiple Read More
Giant developer Related Companies will have another two months before it must sign a contract with the M.T.A. to develop the West Side rail yards, Manhattan’s largest remaining development site, pushing back a deadline that was set to expire at the end of this month.
Related and the M.T.A. recently reached a revised agreement Read More
For the second day in a row, Mayor Bloomberg is headed to the West Side for a late morning press conference. And, once again, the mayor will be hailing progress on a development project by the Related Companies, the active real estate firm that was last week denied by the City Council in its bid Read More
The Commercial Observer: Tell me about this building you’re building at 42nd and 10th.
Mr. Beal: At the end of ’07—it was a $900 million deal, we got $700 million of financing. That was all put together prior. … We built the foundation and I think then we woke up in the middle of ’08, Read More
Today, in your sizzling-hot paper Transom:
New York’s first lady wears Rachel Roy, joining the illustrious ranks of Olivia Palermo and Tyra Banks.
The art magazine Tar might not live to see its first birthday, despite the best efforts of Al Gore’s and Norman Mailer’s kids.
Clive Owen hobnobs with Emeril Read More
Despite the recession, the Related Companies, the luxury apartment giant run by Miami Dolphins owner Stephen Ross, is pressing ahead with a 59-story rental/condo/hotel tower on 42nd Street and 10th Avenue.
In October 2008, Related laid out its plans for this lovely block by the entrance ramps to the Port Authority Bus Terminal, announcing that Read More
The financial crisis of the past year presents a unique opportunity to consider and actually undertake major changes that are not achievable in good economic times.
Rather than bemoaning the lack of demand in the commercial real estate market, we must seize this opportunity to take steps to create future demand and ensure the financial Read More
The dramatic transformation of Manhattan’s far West Side, only two years ago, seemed shiningly imminent.
Mayor Bloomberg had been pushing the grungy, truck-filled area south of the Javits Center hard on the private sector; the city’s biggest developers started planning new hotels and apartment towers; commercial and residential rents seemed on an endless march upward; Read More
It’s probably safe to assume that the faculty dining room at the Bronx’s Lehman College will be packed the evening of June 24 with a lot of people wanting a lot of things from the Related Companies.
The prolific developer is coming before Community Board 7 to discuss its planned development of the behemoth Kingsbridge Read More