Deals & Dealmakers
Clarion pays $282M for Bryant Park office tower
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Clarion Partners has purchased 114 West 41st Street in Bryant Park for $282 million. Newmark Knight Frank (NKF) announced it brokered the sale on behalf
Deals & Dealmakers
Blackstone ‘experiment’ to reconfigure Stuy Town apartments draws ire of tenants
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By Sabina Mollot Blackstone has embarked on an “experiment” with 115 vacant apartments in Stuyvesant Town and Peter Cooper Village. The owner of the 11,000-unit
Deals & Dealmakers
Blackstone acquires stake in Indian IT firm Mphasis Limited
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Blackstone announced that private equity funds managed by Blackstone have entered into an agreement with Hewlett Packard Enterprise to buy a majority stake
Debt & Equity
A decade on, investors continue to fight over Stuy Town billions
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A decade after the cityʼs most infamous apartment deal collapsed, investors are still fighting over the money lost and won in Stuyvesant Town.
Retail
Today’s retail all about the feel good factor, say RECon experts
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For retail to be successful — think young. That was the message from retail executives discussing the evolution of retail leasing and what retail will
Deals & Dealmakers
Rego Park offering goes to market with $210M price tag
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Another large Queens apartment community has hit the market as the borough continues to grow as a desirable alternative to Brooklyn. B6 Real Estate Advisors
Deals & Dealmakers
Stuy Town air rights deal a key piece of housing puzzle
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By Sabina Mollot Blackstone’s $5.3 billion purchase of the sprawling Stuy Town apartment complex also bought the firm a jumbo 700,000 s/f of air
Green Building
Residential composting effort keeping 10,000 lbs of garbage out of New York landfills every week
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By Sabina Mollot Last summer, Rick Hayduk, the general manager of Stuyvesant Town, announced that the new owner was looking for ways to reduce the 80-acre
Property Managers
Blackstone launches Stuy-Town management company; CompassRock loses second contract
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Three months after taking over the property, Blackstone has announced the name of its own recently formed management company that will handle the day-to-day
Deals & Dealmakers
Blackstone expands its 345 Park Ave lease by 150,000 s/f
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Blackstone signed a seven-year lease expansion for 575,000 s/f at Rudin’s 345 Park Avenue in Midtown East. Blackstone, one of the world’
Deals & Dealmakers
Savanna closes on $640M purchase of 5 Bryant Park
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  Savanna has closed on its $640 million acquisition of of 5 Bryant Park from Blackstone. The New York owner and developer plans to modernize the
Deals & Dealmakers
Anbang closes on $415M deal to buy 717 Fifth Ave. offices
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Blackstone has closed on the $415 million sale of the office portion of 717 Fifth Avenue to Anbang Insurance Group, the Chinese entity that bought the