From left: Aldon James, the club at 15 Gramercy Park South and Bradley Silverbush
A city housing court judge ruled last week in favor of the National Arts Club in its move to evict former president O. Aldon James, his twin brother John James and former club member Steven Leitner from their apartments at the storied organization’s 15 Gramercy Park South headquarters. [more]
From left: Manchester City’s Ferran Soriano and a stadium blueprint
The proposed soccer stadium in Flushing Meadows-Corona Park just got two major new supporters. The New York Yankees and Manchester City, which announced their plans today to create a new Major League Soccer team, said their first choice for a spot to play is the contentious Queens plot, Brownstoner reported. [more]
Victoria’s Secret CEO Lori Greeley and 2 Herald Square
Lingerie retailer Victoria’s Secret inked a 60,000-square-foot lease to take two additional floors above its flagship retail location in Herald Square to use as offices, training space and storage.
The store, a division of the Ohio-based public company Limited Brands, signed a lease during the first quarter of 2013 for floors four and five at 2 Herald Square, a 380,000-square-foot office and retail building at the corner of Broadway and 34th Street, owned by Sitt Asset Management, David Sitt, a principal with the firm, told The Real Deal. [more]
From left: Larry Silverstein, 1 WTC and the Empire State Building
New York City’s commercial real estate industry is edgy over the possibility of the government yanking what has come to be known as terrorism insurance, the New York Post reported.
The program, called the Terrorism Risk Insurance Act, comes up for renewal next year; if Congress does not extend it, the cost of doing business will increase for owners of iconic properties — their insurance premiums will rise and their buildings will drop in value. [more]
Seamless CEO Jonathan Zabusky and 1065 Sixth Avenue
Seamless, the delivery food website that yesterday announced its merger with competitor GrubHub, will keep its Midtown headquarters space, Crain’s reported. GrubHub will also maintain its Chicago headquarters.
“We don’t have a single office,” Seamless CEO Jonathan Zabusky — soon to become the president of the merged company — told Crain’s. “Both companies have storied histories in the cities they come from, so it was never a consideration to close one of the offices.” [more]
182 East 2nd Street and Airbnb founders (Building photo via PropertyShark)
Airbnb continues to spur legal issues in New York City. An administrative law judge has upheld a $2,400 fine against a man who allegedly violated the city’s illegal hotel law by hosting a guest at his condominium at 182 East 2nd Street using the short-term rental website, CNET reported.
However, Administrative Law Judge Clive Morrick dismissed building and zoning code violations against the man, Nigel Warren, and reduced the fine from $7,000, CNET said. [more]
With music thumping, alcohol flowing and choice cuts of steak tempting guests, the Newmark Knight Grubb Frank bash last night at the Marquee at the Cosmopolitan nightclub was one of the more festive of the parties surrounding the annual ICSC’s RECon in Las Vegas. See the photos after the jump…. [more]
Justin Elghanayan and rendering of 43-25 Hunter Street on left (Credit: Rockrose)
To make room for construction of the tallest residential building in Queens, Rockrose Development is in the midst of tearing down seven warehouses in Long Island City, the New York Observer reported.
The 50-story building in the Court Square area would also set a record for holding 975 units, more than any other building in the borough. (Sky View Parc has 448 units.) [more]
Cushman & Wakefield CEO Glenn Rufrano at company booth at ICSC
Watch this space for live updates from the 2013 International Council of Shopping Centers’ RECon event in Las Vegas, on now through Wednesday. [more]
120 Park Avenue (via Flickr)
Bloomberg LP is taking 68,000 more square feet at its 120 Park Avenue address, the New York Post reported.
Although the media and financial organization is based at the Bloomberg Tower at 731 Lexington Avenue, the company leased 482,399 square feet, or 12 floors, at the 600,000-square-foot, 26-story Park Avenue office tower in 2011, as The Real Deal reported. Now, Bloomberg LP has taken additional space at for its Midtown East satellite office, including one full floor and a wraparound terrace, the Post said. [more]
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