Big Real Estate

Greetings from Cannes.

What’s MIPIM? In NYC, Nobody Knows.

It’s not just the biggest real estate conference no one has heard of. It’s the biggest real estate conference period. And, yes, most real estate professionals, at least in New York, haven’t heard of it.

Next week 19,000 guests from 90 countries will descend on Cannes, France, for MIPIM, a four-day event that roughly translates as “International Market for Real Estate Professionals” featuring speaking panels and networking opportunities that allow developers to shop major new projects to prospective tenants and investors. Read More

Construction Outlook 2012

Barry LePatner: Cassandra or Nostradamus?

Construction Attorney Warns, Developers need to Get off the Sidelines and do what they do best: Build

He’s the Cassandra of the construction industry, the rabble-rouser of rubble.

Attorney Barry LePatner, founder of LePatner & Associates LLP and author of construction shock books Too Big to Fall: America’s Failing Infrastructure and the Way Forward and Broken Buildings, Busted Budgets, has his own 30,000-foot-high view looking down on the current state of New York City’s construction industry. He believes there will be a $25 trillion construction boom in New York and the rest of the country between now and the year 2035. Read More

Anchor Tenant

The Coach House.

600,000 Square Feet of Office Space in the Bag for Coach

Luxury handbag stalwart Coach will relocate its offices to the Hudson Yards, scooping up approximately one-third of the planned south office tower as a commercial condo in a deal that will give the New York City-based company approximately 600,000 square feet.

Coach will move its corporate headquarters and consolidate three New York City offices into the building by 2015. The 1.8 million-square-foot tower, at the northwest corner of West 30th Street and Tenth Avenue, is one of 14 residential, commercial and retail assets envisioned by the Related Companies at its far West Side development site. Read More

Week In Review

A handful of developers are competing to redevelop the so-called "Iron Triangle." (The NYC Economic Development Corporation)

Related and the Wilpons Team Up for Willets Point Pitch

While some people are hoping—futilely, perhaps—for a high-tech college at Willets Point, the official R.F.P. is also cranking along, with application filed this past week. Crain’s now has word of a handful of the developers competing to redevelop the Iron Triangle, and one looks to be a hit, if it weren’t already facing a few strikes.

The Related Companies has teamed up with Sterling Equities, which is controlled by Mets owners Fred Wilpon and Saul Katz, to submit a proposal to redevelop the 12.75 acres included in the project’s first phase, the sources said. Silverstein Properties, which is building three towers at the World Trade Center site, also threw its hat into the ring. None of the firms would comment. A source said Sterling had teamed up on bids with more than one firm. Read More

Feature

The King of Columbus Circle Has Plans

On Nov. 15, Stephen Ross, chairman of the Related Companies and owner of the Miami Dolphins, strode into Room 238 of the New York State Supreme Court, four minutes after litigation over 3 Columbus Circle was slated to begin. A dozen lawyers waited around a square table in the center of the room, rattling gold Read More

Silverstein, Douglaston, Related Vying to Develop Willets Point

World Trade Center developer Larry Silverstein, Queens developer Jeff Levine and Related Cos. chairman Stephen Ross are among those seeking to develop Willets Point, the polluted, 62-acre auto repair district next to Citi Field, according to city records.

The names are part of a list of 29 firms released by the Bloomberg administration in response Read More

Bloomberg’s Related (Cos.) Events

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