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New York’s Most Exclusive Office Building
In the late 17th and early 18th centuries, the Gobelins manufactory wove tapestries for Louis XIV, the absolutist French ruler, who espoused the theory of the divine right of kings. According to that...
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The Rise and Falling of New York’s Busiest Building Buyer
Two years ago, Broadway Partners was an empire on the march. They owned some of the country’s best Class A office properties—the 62-story Aon Center in Los Angeles, One City Centre in Houston, 522...
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Commercial Mortgage Defaults Have Another Year Before Bottoming Out, Report Says
If you work in commercial real estate, best to forget all that talk about an imminent economic recovery. The sad truth is that while the rest of the economy shows early signs of improvement, commercial...
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The Reformed Accountant
When August DiRenzo reported to legendary Cushman & Wakefield honcho Jim Peters on his first day of work as a broker in the mid-1960s, the upstart asked a simple question. “O.K., what do I do?”...
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Your Office Is Shrinking
If you’ve noticed your office feels smaller lately, it might not be your imagination. The average size of office transactions has fallen by about 50 percent since 1997, The Real Deal reports. That...
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Air China Lands at Empire State Building
Air China, the official airline of the Communist regime, is moving into some swanky new space on the 69th floor of the Empire State Building. Apparently the looming threat of 15 Penn Plaza was just...
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Could Park51 Kill Manhattan Real Estate?
We’ve told you the Park 51 controversy is ugly and irrational, but worst of all, it could be costly. The controversy surrounding the “Ground Zero mosque” is driving away some Middle-Eastern investors...
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Morning Roundup: A Novel Approach to Insider Trading
Someone at the Securities and Exchange Commission had the bright idea to stop targeting specific insider trades and instead try to bring down entire communities of Wall Street lawbreakers. This notion...
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The Top 20 Office Leases of 2010
“Banks started to feel a lot better, businesses started to stabilize,” said CB Richard Ellis’ Ken Meyerson, reflecting on 2010. “There was a risk of it starting to get better and better.” Mr. Meyerson,...
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MySpace Marketing Gurus Sextuple Space
Big Fuel Communications, the braintrust behind MySpace’s marketing campaign, are massively growing their Manhattan headquarters. The social media marketing and branded content agency has taken 40,000...
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Of King's and Empire: College Wants 60K Feet in Malkin Tower
Never mind the famed stair run, for once the race in the Empire State Bulding is for the bottom. King’s College is negotiating to renew and expand to 60,000 square feet on the lower floors there. The...
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Twitter Snubs Soho, Takes Facebook Space on Madison
Twitter, the Web’s main repository of personal oversharing, political dissent and tasteless self-promotion, is donning a suit and tie. The little blue bird has been perching in a spartan temporary New...
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Colorful Hunt Slonem Lands Near 10th
Man of many mansions Hunt Slonem has garnished a new far West Side space. The Southern painter-cum-interior designer has taken 22,500 square feet for 10 years at 509 West 34th Street, past 10th Avenue....
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Gerald Kiley of Grubb & Ellis: The Fisherman of the Suburban Markets
On a sun-kissed Thursday afternoon, Gerard Kiley arrived at Grubb & Ellis’ new Manhattan headquarters. It was the broker’s first visit to the Avenue of the Americas office, but it certainly...
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High-Brow Coupon Concern Lands Union Square Digs
If whipping out a crumpled coupon following dinner at Le Cirque doesn’t exactly appeal, this might be the start-up for you. E-coupon innovator Village Vines has landed its first grown-up office. “When...
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Town Residential Establishes Commercial Arm
Jonathan Butwin. New York residential brokerage Town Residential has developed a new commercial division called Town Commercial. On Monday, Jonathan Butwin assumed the position of running Town...
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Ridgewood, Queens, a.k.a. ‘Quooklyn,’ Sees Surge in Property Sales
Sales are way up in Ridgewood. (John Rambow/flickr) The inevitable has happened: Ridgewood, Queens, that neighborhood that everyone has been watching tirelessly for signs that it is, indeed, the next...
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‘Liar’s Ball’ Excerpt: How $7 Billion Changed Hands in Five Days
The GM Building which, in 2007, was the prized jewel of Harry Macklowe’s real estate portfolio (Photo by Mario Tama/Getty Images) My new book tells of the tragic rise-and-fall of New York real estate...
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Hacking the NYC Skyline: ReTech Holds First Ever Real Estate Tech Competition
A buzzing, mostly male crowd drinking beer on tap at a coworking space? Oh yeah, it’s Demo Day. Last night
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New App Helps Real Estate Pros Close Deals From the Street
Falkon, an iOS app released this week by RE:Tech will inform its users who owns a million buildings in New York City, using public records and geolocation technology, to tell you who owns a building...
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