News articles by source: GlobeSt
30 most recent news articles by publication date
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Morton and Washington
203,412-SF Boutique Office Up for Grabs
She did say, however, that this particular property is well leased and is of a larger size than a number of other buildings in the area. The building was constructed in 1911, was gut renovated in 1999/2000, and is situated on the northeast corner of Morton and Washington streets.
Published by GlobeSt on September 7, 2008.
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95 Morton St.
203,412-SF Boutique Office Up for Grabs
As GlobeSt.com previously reported, Lincoln purchased 95 Morton St. in January 2004 from joint sellers, Brack Capital Real Estate and Steller Management, for $68 million.
Published by GlobeSt on September 7, 2008.
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108 Charlton St.
203,412-SF Boutique Office Up for Grabs
There have not been a lot of sales in this building's submarket, she notes, adding that those that have sold, have been much smaller in size, such as the 22,519-sf 108 Charlton St. sale in June for $555 per sf.
Published by GlobeSt on September 7, 2008.
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125 W. 55th St.
Boston Properties Finalizes $444M Office Buy
The acquisition was completed through a joint venture among Boston Properties, US Real Estate Opportunities I LP, which is a partnership managed by Goldman Sachs, and Meraas Capital LLC, a Dubai-based private equity firm. According to a Boston Properties press release, it has a 60% interest in the venture and will provide customary property management and leasing services for the venture.
Published by GlobeSt on August 14, 2008.
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1301 Avenue of the Americas
Paramount Closes on $1.5B Tower Buy
Locally based Paramount Group Inc., a privately owned international real estate investment and management company, has closed on the acquisition of interests in 1301 Avenue of the Americas. GlobeSt.com first reported the deal in early June, noting that it would trade for $1.45 billion, which sources considered a "ballpark figure," but Paramount sources tell GlobeSt.com that they cannot confirm or disclose the sales price at this time.
Published by GlobeSt on August 14, 2008.
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140 William St.
47,885-SF Building Offers Flexible Management
HelmsleySpear has been appointed the leasing agent for 140 William St., located on the southeast corner of Fulton Street. The future tenant who leases the 47,885-sf building will be entitled to naming rights, says Kent Swig, president of HelmsleySpear.
Published by GlobeSt on August 13, 2008.
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540 Madison Ave.
Boston Properties Closes on Two Tower Buys
Boston Properties Inc. has completed the acquisitions of 540 Madison Ave. and Two Grand Central Tower at 140 E. 65th St. here for approximately $705 million including $309.9 million of "assumed indebtedness," according to a company press release.
Published by GlobeSt on August 13, 2008.
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140 E. 65th St.
Boston Properties Closes on Two Tower Buys
Boston Properties Inc. has completed the acquisitions of 540 Madison Ave. and Two Grand Central Tower at 140 E. 65th St. here for approximately $705 million including $309.9 million of "assumed indebtedness," according to a company press release.
Published by GlobeSt on August 13, 2008.
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437 Madison Ave.
Bank Renews Lease at 437 Madison Ave.
Nordea Bank Finland PLC, an international bank headquartered in Stockholm, Sweden, has renewed its 35,000-sf lease on the 21st and 22nd floors of 437 Madison Ave. The William Kaufman Organization Ltd. is the landlord of the 40-story, class A 778,509-sf building.
Published by GlobeSt on August 13, 2008.
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37 Wall St.
256,000-SF Art Deco Tower Gets Makeover
Skyline Developers also recently completed development of the Peter Marino designed residential condominium at 170 E. End Ave. and the conversion of 37 Wall St. into a luxury rental that houses Tiffany & Co. at its base.
Published by GlobeSt on August 11, 2008.
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16 Court St.
100 Park Ave. Gets 121,441-SF Tenant
This transaction brings year-to-date leasing to more than one million sf throughout SL Green's Manhattan portfolio. "We continue to unlock value and complete a large volume of leasing transactions despite a difficult economic climate," Durels says in a prepared statement. SL Green is also currently underway with other redevelopment programs at three of its New York City buildings, namely 711 Third Ave., 810 Seventh Ave. and 16 Court St. in Brooklyn.
Published by GlobeSt on August 11, 2008.
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1040 Avenue of the Americas
256,000-SF Art Deco Tower Gets Makeover
Skyline Developers LLC, the Manhattan-based affiliate of privately held Garden Homes Development, is nearing completion of a multimillion dollar program of capital improvements at 1040 Avenue of the Americas, a 24-story, 256,000-sf office building here in Midtown. Skyline Developers tells GlobeSt.com that the cost of the improvements--which are scheduled to be complete at the end of the quarter--is in excess of $15 million.
Published by GlobeSt on August 11, 2008.
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1052 Avenue of the Americas
256,000-SF Art Deco Tower Gets Makeover
As GlobeSt.com previously reported, Skyline Developers purchased the building in a package with 1050 and 1052 Avenue of the Americas for $170 million last July. At the time, Orin Wilf, Skyline’s president, told GlobeSt.com that the plans were not yet set "for the future of these buildings."
Published by GlobeSt on August 11, 2008.
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170 East End Ave.
256,000-SF Art Deco Tower Gets Makeover
Skyline Developers also recently completed development of the Peter Marino designed residential condominium at 170 E. End Ave. and the conversion of 37 Wall St. into a luxury rental that houses Tiffany & Co. at its base.
Published by GlobeSt on August 11, 2008.
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100 Park Ave.
100 Park Ave. Gets 121,441-SF Tenant
Locally based SL Green Realty Corp. has completed a new 15-year lease agreement with BDO Seidman LLP to occupy 121,441 sf on floors nine through 11 at the 36-story 100 Park Ave. The transaction raises building occupancy from 67% to 80%.
Published by GlobeSt on August 11, 2008.
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330 Madison Ave.
100 Park Ave. Gets 121,441-SF Tenant
BDO offices are currently located at 330 Madison Ave., the spokesperson says. When BDO Seidman takes occupancy in January 2009, it will join other firms located at 100 Park Ave. such as J&W Seligman & Co., Impala Asset Management, Sun Capital Advisors and Kreindler & Kreindler LLP. BDO Seidman did not return GlobeSt.com queries by deadline.
Published by GlobeSt on August 11, 2008.
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711 Third Ave.
100 Park Ave. Gets 121,441-SF Tenant
This transaction brings year-to-date leasing to more than one million sf throughout SL Green's Manhattan portfolio. "We continue to unlock value and complete a large volume of leasing transactions despite a difficult economic climate," Durels says in a prepared statement. SL Green is also currently underway with other redevelopment programs at three of its New York City buildings, namely 711 Third Ave., 810 Seventh Ave. and 16 Court St. in Brooklyn.
Published by GlobeSt on August 11, 2008.
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810 Seventh Ave.
100 Park Ave. Gets 121,441-SF Tenant
This transaction brings year-to-date leasing to more than one million sf throughout SL Green's Manhattan portfolio. "We continue to unlock value and complete a large volume of leasing transactions despite a difficult economic climate," Durels says in a prepared statement. SL Green is also currently underway with other redevelopment programs at three of its New York City buildings, namely 711 Third Ave., 810 Seventh Ave. and 16 Court St. in Brooklyn.
Published by GlobeSt on August 11, 2008.
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64 W. 48th St.
City Sports To Open Second Manhattan Store
Sporting goods retailer City Sports signed on to occupy 15,612 sf of retail space at 64 W. 48th St. in the Rockefeller Center area. The Boston based retailer has 15 existing locations in the Northeast and Mid-Atlantic. This will be City Sports' second Manhattan store.
Published by GlobeSt on August 1, 2008.
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1428 Fifth Ave.
Block, With Air Rights, Hits Market for $58M
A partnership is looking to sell an entire Fifth Avenue block front in Northern Manhattan at 1428 Fifth Ave. for $58 million.
Published by GlobeSt on July 31, 2008.
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527 Madison Ave.
Somerset Said To Buy Madison Property
Somerset Partners LLC is reportedly readying to buy 527 Madison Ave. building for approximately $260 million. The property is part of the office portfolio that Macklowe Properties purchased for $7 billion from Equity Office Properties Trust.
Published by GlobeSt on July 30, 2008.
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7 World Trade Center
HSBC In Term Sheet for 300,000 SF Downtown
Downtown sources have confirmed that HSBC is in talks with developer Larry Silverstein of Silverstein Properties Inc. to lease nearly 300,000 sf on the top seven floors of 7 World Trade Center. Silverstein sources declined to comment, noting that they "cannot comment on lease negotiations," but an unidentified Downtown real estate source confirms to GlobeSt.com that the deal is "at term sheet at the moment."
Published by GlobeSt on July 29, 2008.
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Kramer Levin Naftalis & Frankel
Four Groups To Make Final Starrett City Bids
Jay Neveloff, an attorney and partner at Kramer Levin Naftalis & Frankel representing the owner, told GlobeSt.com, that likely bidders could include joint ventures between a group with an affordable-housing focus and another entity interested in its commercial space, including a 142,000-sf shopping center and vast tracts of developable land.
Published by GlobeSt on July 25, 2008.
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Starrett City
Four Groups To Make Final Starrett City Bids
Starrett City Associates, the owners of the 34-year-old Starrett City complex, have reportedly picked four groups to submit final bids for the 140-acre housing complex here.
Published by GlobeSt on July 25, 2008.
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Metropolitan Council on Jewish Poverty
Four Groups To Make Final Starrett City Bids
and the Metropolitan Council on Jewish Poverty, the New York City Central Labor Council, Westbrook Partners, Phipps Houses, Provident Resources and possibly Touro College, which is interested in building a school at Starrett City.
Published by GlobeSt on July 25, 2008.
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Northwest Bronx Community and Clergy Coalition
Court Rejects Suit Against Tenant Organizers
In New Line Realty V Corp. v. United Committees of University Heights, 1021/04, Supreme Court Justice Sally Manzanet-Daniels of the Bronx found that the owners had failed to submit "any evidence in admissible form" to prove that tenant organizers from the Northwest Bronx Community and Clergy Coalition had taken actions to frustrate their ability to get refinancing for their buildings.
Published by GlobeSt on July 24, 2008.
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Frankfurt Kurnit Klein & Selz
Court Rejects Suit Against Tenant Organizers
Stryker of Frankfurt Kurnit Klein & Selz, represented the organizers at no charge. The organizers were also represented by Harvey Epstein and Raymond Brescia of the Urban Justice Center. Brescia is now a professor at Albany Law School.
Published by GlobeSt on July 24, 2008.
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Madison Square Garden
$103M Harnesses Roosevelt Raceway Center
The property was sold by Madison Square Garden in 1984 and was turned into a retail center, which completed renovation in 1995. The retail center sits on the former parking lot area of the track. The grandstand and track were demolished in 2000.
Published by GlobeSt on July 24, 2008.
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University Heights
Court Rejects Suit Against Tenant Organizers
Both defendants--the Northwest Bronx coalition, an umbrella organization, and United Committees of University Heights, a member of the coalition--have contracts with the New York City Department of Housing Preservation and Development to assess conditions in their buildings within certain Bronx neighborhoods; organize committees of tenants in those buildings; and present their complaints to HPD, Justice Manzanet-Daniels wrote.
Published by GlobeSt on July 24, 2008.
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Fulton Street Mall
Revitalization Reaches Beautification Milestone
This fall, work will also begin on a $15 million modernization of Fulton Street Mall. This project involves the installation of new streetlights, bus shelters, sidewalks and the creation of a public square.
Published by GlobeSt on July 23, 2008.
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