Real Estate

Empire State Building Launches New Curriculum for Visiting Students

NEW YORK — The Empire State Building (ESB), in partnership with Bank Street College of Education, has updated, interactive lesson plans for student group visits to its brand new $165 million Observatory upgrade.  The curriculum follows New York State Learning Standards for STEAM (science, technology, engineering, arts, and mathematics) and social studies curricula and has grade level appropriate lesson plans for elementary, […]

News Offices Real Estate

Bloomberg Expands Lease at 919 Third Avenue

NEW YORK — Financial data and media firm Bloomberg LP  has signed a 191,207 square foot expansion lease at 919 Third Avenue (Photo above) covering the entire 28th through 33rd floors. This expansion increases Bloomberg’s commitment at 919 Third Avenue to 748,415 square feet. 919 Third Avenue is owned by developer SL Green. Designed by […]

Real Estate

SL Green Sells 25% Stake in One Madison Avenue

NEW YORK — SL Green Realty Corp. has sold a 25 percent interest in One Madison Avenue — currently under construction — to an international investor. The buyer has committed aggregate equity to the project totaling no less than $259.3 million. SL Green retained a 25.5 percent interest in the property, while its joint venture […]

Funding Real Estate

Fund That Flip Lands $20 Million

NEW YORK  —  Fund That Flip, a real estate-focused financial technology platform based in NY and Cleveland, announced the first close of its $20 million Series B funding round. The financing was led by GPO Fund of New York, with participation from MassMutual Ventures and Tribeca Early Stage Partners. More than 50 Fund That Flip […]

News Real Estate

SL Green Sells 590 Fifth Avenue

NEW YORK — SL Green Realty Corp. has sold an office building at 590 Fifth Avenue in Manhattan for a gross sale price of $103.0 million. “Closing on the sale of 590 Fifth Avenue at a price of $1,000 per square foot demonstrates the continued demand for well-located New York City office and retail properties,” said Harrison Sitomer, Senior Vice President of […]

Offices Real Estate

UIPath Signs New Lease at One Vanderbilt

NEW YORK — SL Green Realty Corp. announced that enterprise automation software company, UiPath has signed a 15-year, 26,363-square-foot lease at One Vanderbilt Avenue covering the entire 60th floor. The One Vanderbilt tower opened last year next to Grand Central Terminal and is over 91% leased. “We’re delighted to welcome UiPath to One Vanderbilt Avenue,” […]

News Real Estate

Phoenix Investors Buys Former IBM Campus Near Binghamton

ENDICOTT, NY — Phoenix Investors has purchased a former IBM campus made up of 29 buildings and encompassing 130 acres near Binghamton. The campus is commonly known as the birthplace of IBM and comprises approximately 4 million square feet in Endicott, NY. The cluster of buildings, generally encompassing downtown Endicott is now known as the Huron […]

Real Estate

Vornado Realty Sells 5 Retail Properties in Manhattan

NEW YORK — Real estate investment firm Vornado Realty Trust announced it has entered into agreements to sell five struggling Manhattan retail properties located at 677 – 679, 759 – 771 and 828 – 850 Madison Avenue, 478-482 Broadway and 155 Spring Street for $184.5 million. Vornado says the properties currently have negative income and […]

Real Estate

SL Green Sells 635-641 Sixth Avenue for $325 Million

NEW YORK — SL Green Realty Corp. has sold 635-641 Sixth Avenue in the Chelsea neighborhood of Manhattan for $325.0 million. The property is comprised of two adjoined buildings totaling 8 stories and 267,000 square feet, occupying the full western block-front on Sixth Avenue from 19th Street to 20th Street in Midtown South. The transaction […]

News Real Estate

Empire State Building Celebrates 90th Birthday

NEW YORK – New York’s most famous skyscraper, the Empire State Building (ESB) is celebrating its 90th anniversary on Saturday, May 1. “The Empire State Building, the international icon and symbol of dreams, was a record breaker and trendsetter 90 years ago,” said Anthony E. Malkin, chairman, president, and CEO of Empire State Realty Trust which operates […]