Clik here to view.
Zoning Battle Brewing on Canal Street
Landlords want to upzone Canal Street so they can build taller buildings. Preservationists want to limit growth. Same old story. New setting: Chinatown. The Wall Street Journal reports that, "A group...
View ArticleClik here to view.
Cushman Considers Going Public, and Other Brokerage News
The new chief of commercial real estate titan Cushman & Wakefield said the majority owner of the beleaguered brokerage is considering taking it public, according to The New York Times: One of the...
View ArticleClik here to view.
House of Hoops Temple Coming to Herald Square
A House of Hoops—Nike and Footlocker's concept store/temple to all things basketball—will open a second New York City location at 11 West 34th Street, between Fifth and Sixth avenues, according to...
View ArticleClik here to view.
Manhattan Office Vacancy Rate Drops, Thank 11 Times Square
A dollop of good news for commercial real estate observers—though, given recent economic history, all such dollops should be taken with a healthy grain of salt. Midtown's Class A vacancy rate—a key...
View ArticleClik here to view.
Chinese Broadcaster Xinhua Leases ‘Dramatic’ Top Floor of 1540 Broadway
Chinese broadcast company Xinhua has carved out a perch for itself atop 1540 Broadway, the Times Square tower that CB Richard Ellis Investors bought last year for $355 million. According to a release...
View ArticleClik here to view.
Billy Macklowe Officially Parts Ways with Dad, Starts Own Company
Billy Macklowe, the son of real estate great Harry Macklowe—who, in one of the boom's great gambles, famously bought a $7 billion office portfolio only to have to give much of it back to the bank in...
View ArticleClik here to view.
Blitz! NFL Moves HQ Three Blocks North
The National Football League has signed a 20-year lease for a new headquarters three blocks north of its current digs. Now located at 280 Park Avenue, between 48th and 49th streets, the NFL will move...
View ArticleClik here to view.
Apple of The Eye! CBS Officially Going Steady with Midtown West
CBS Broadcasting will remain at the top of Hell's Kitchen for at least 13 more years. The network has renewed its lease on 281,896 square feet of office space in the 20-story building at 555 West 57th...
View ArticleClik here to view.
CBRE Tapped to Move Prime Floors at 452 Fifth
Starting next spring, the tower floors of 452 Fifth Avenue will be available for lease, The Observer has learned. The space, spanning the 12th to the 30th floors, and totaling 300,000 square feet, will...
View ArticleClik here to view.
Condé Nast Signs an Agreement to Move Downtown
Condé Nast has signed a tentative agreement to move downtown to One World Trade Center, according to The New York Times. The company will leave 800,000 square feet at 4 Times Square behind to anchor...
View ArticleClik here to view.
Manhattan, Ho! Brooklyn Walentases Buy Manhattan Office Building from Moinian
David and Jed Walentas, the father-and-son real estate moguls whose Two Trees Management got its start decades ago in Soho, before abandoning it to craft Brooklyn's Dumbo neighborhood almost...
View ArticleClik here to view.
Jobs Dealer Moving HQ to SL Green’s 19 West 44th
19 West 44th Street Employment agency Forrest Solutions is getting a professional makeover of its own. Forrest Solutions has signed an 11-year lease for 17,684 square feet at 19 West 44th Street, The...
View ArticleClik here to view.
SL Green Sells Brimming 19 West 44th for $123 M.
SL Green, the city's largest office landlord, has agreed to sell 19 West 44th Street for $123.2 million to Deka Immobilien, a German real estate investor. That's nearly double the $67 million that SL...
View ArticleClik here to view.
Sam Zell: Optimistic About New York’s Real Estate Future
We talked to Sam Zell, the grave dancer himself, this afternoon. It was short and sweet, and mostly about a profile The Observer's working on. But, Mr. Zell, whose Equity Residential recently bought...
View ArticleClik here to view.
Where Madonna Once Passed Out, Office Leases Proliferate
30 West 21st Street There is no hell for sinful buildings, just reincarnation. Thirty West 21st Street has transformed itself from home of `80s debauchery to desirable office space. Three major leases...
View Article
