Construction & Design
335 Madison to become ‘vertical tech campus,’ rebranded Company Building
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Once destined for the wrecking ball, Howard Milstein’s 335 Madison Avenue will be reborn as a vertical tech campus with all 1.1 million s/f being used
Deals & Dealmakers
TF Cornerstone, MSD Partners announce plan to redevelop Grand Hyatt
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TF Cornerstone and MSD Partners  announced their intention to pursue redevelopment of Grand Hyatt New York adjacent to Grand Central Terminal in Midtown
Deals & Dealmakers
Landmarks boss Peg Breen makes case for both old and new
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In New York City, only 3.4 percent of the city’s buildings are landmarked. That’s a shockingly small percentage given how often the battles between developers
Deals & Dealmakers
Knotel takes six floors at newly renovated Midtown East building
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The New York office for Avison Young announced that flexible-office-space tenant Knotel has leased over 28,000 square feet on six floors at 211 East 43rd
Deals & Dealmakers
ASB sells 400 Madison to Korean bank for $194M
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ASB Real Estate Investments has sold 400 Madison Avenue to a Korean financial services firm for $194.5 million dollars. Daishin Securities, an investment
Deals & Dealmakers
Commerzbank buys NYU Langone building for $332.5M
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Commerzbank has purchased 222 East 41st Street from Columbia Property Trust for $332.5 million. Commerz Real, the real estate investment arm of the German
Residential
Done Deals: Penthouse Strategy
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Citi Habitats agent John Farrell helped an international client buy Penthouse A at The Twenty 1 condominium at 117 West 21st Street for $8.
Residential
Done Deals: Asked and Answered
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A year of searching finally paid off for Engel & Voelkers agent Dolly Hertz when she stuck to her guns on an asking price. Dolly Hertz Her LA buyers
REBNY Watch
Transit trumps potential landmark status in Midtown East
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By REBNY President John Banks The Landmarks Preservation Commission (LPC) recently held a public hearing on five of the 12 buildings considered for landmarking
Deals & Dealmakers
JPMorgan Chase leases 16 floors at 390 Madison Avenue
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JPMorgan Chase will occupy more than half the space inside the newly-remassed 390 Madison Avenue while it pursues a new global headquarters.
Deals & Dealmakers
Hines partners with Welltower to build Upper East Side senior facility
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Welltower Inc., a leader in healthcare infrastructure, and Hines, the international real estate firm, have closed with a confidential major institutional
Deals & Dealmakers
Financial services firm takes full floor off Avon’s hands
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A professional services firm has subleased nearly 25,000 s/f at 777 Third Avenue, occupying a full floor vacated by one of the country’s leading cosmetic companies.