Daily business news in the Great State of New York!
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 […]
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 […]
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 […]
NEW YORK — SL Green Realty Corp. announced that Vashi, a British fine jewelry brand, has signed an 11,777 square foot, 15-year lease at 110 Greene Street in SoHo. This will be Vashi’s first location in the United States and marks one of SL Green’s most significant retail lease signings of 2021. “We’re excited to […]
NEW YORK — SL Green Realty Corp., as leasing agent for 245 Park Avenue, on behalf of HNA Group North America (HNANA), the building’s owner, announced three recently signed leases covering 224,408 square feet. Leases include: Ares Management Corporation, a global hedge fund, signed a five-year lease renewal and expansion, covering 38,564 square feet on […]
NEW YORK — Developer SL Green Realty Corp. announced that it has signed 393,056 square feet of Manhattan office leases to-date during the fourth quarter of 2020. This bring the total volume of Manhattan office leases signed year-to-date to 1,176,681 square feet. Leases expected to be signed before the end of the year will result […]
NEW YORK — Empire State Realty Trust (ESRT) announced that Swedbank, a Stockholm, Sweden- based banking group, has signed a 7,905 sq ft. lease on the 45th floor at the Empire State Building. ESRT owns and manages the Empire State Building, one of NY’s best known buildings located at 34th Street and Fifth Avenue in Manhattan. “We […]
NEW YORK — Developer SL Green Realty Corp announced that together with its partners, it has entered into a contract to sell 410 Tenth Avenue on the West Side of Manhattan for $952.5 million. The 636,000-square-foot office building is being redeveloped and is anchored by Amazon and First Republic Bank as tenants,. SL Green currently […]
NEW YORK — Developer SL Green Realty announced the topping off of 185 Broadway, a 34-story, mixed-use building in Lower Manhattan. The milestone moment for the ground-up development comes on schedule and under budget, despite the challenges this year from the COVID-19 pandemic. Once completed, the property (See Artist Rendition Above) will be the area’s […]
NEW YORK — Ryan Serhant, one of NY’s top real estate agents and a star on Bravo’s Million Dollar Listing New York reality show, is launching his own brokerage SERHANT. According to Real Trends, Serhant was the No. 1 broker in the NYC area in 2019 and ranked third nationwide with $721.9 million in sales volume. Since […]
NEW YORK — SL Green Realty Corp., Manhattan’s largest office landlord, has closed on a new $600 million construction loan for 410 Tenth Avenue, the Company’s 636,000 square foot Manhattan office redevelopment anchored by Amazon and First Republic Bank. The building was previously known as 460 West 34th Street (photo above). SL Green purchased a majority […]
Amazon, one of the world’s top Internet companies, announced plans to create 2,000 jobs at the Lord & Taylor building on Fifth Avenue. Amazon acquired the building this year from WeWork, which was the former flagship store of the Lord & Taylor department store chain. The company plans to open a new 630,000 square foot […]
NEW YORK — The insurance company American International Group (AIG) announced plans to relocate its headquarters in New York City from 175 Water St. in lower Manhattan to 1271 Avenue of the Americas (photo above) in Midtown, where it will occupy 8 floors and 325,000 square feet. The Company will also consolidate its remaining New […]
NEW YORK — Doorkee, which operates an all-in-one digital platform in NY for landlords and tenants, has raised $5.7 million in early-stage funding. The seed round was led by New York City landlord Simon Baron Development and early-stage venture capital firms Corigin Ventures and Alpha Edison. Investors in the round also included landlords Stonehenge NYC and Bushburg Properties. Co-founders John Fagan, […]
NEW YORK — SL Green Realty Corp. announced that it has entered into a 99-year ground lease of 126-132 Nassau Street, located at the corner of Nassau and Beekman Streets in downtown Manhattan. SL Green plans to develop a new 215,000-square-foot building on the site and has secured an unamed user for a long term […]