The Real Deal New York

  • 120 Park Avenue

    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. [more]

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  • TRD will be covering all the highlights of this year’s ICSC RECon event in Las Vegas

    Watch this space for live updates from the 2013 International Council of Shopping Centers’ RECon event in Las Vegas, on now through Wednesday. [more]

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  • Foxwoods Theatre

    Broadway’s biggest venue, Foxwoods Theatre, has been sold to Britain’s biggest theater company for $60 million, the New York Times reported.

    Ambassador Theater Group secured a long-term lease that if renewed extends through 2073, the company’s executives told the newspaper. The 1,932-seat theater, at 213 West 42nd Street, is now home to “Spider-Man: Turn Off the Dark.” Live Nation put Foxwoods on the market in December after operating for the building owner, nonprofit New 42nd Street. Ambassador bought the lease through one of its subsidiaries, Lyric Theater LLC, the Times reported. [more]

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  • Stuart Elliott

    From the May issue: Legendary New York City newspaper columnist Jimmy Breslin used to put out a year-end list of people who had wronged him.

    Dubbed “People I’m Not Talking to Next Year,” the list, which ran in the 1960s, included people like “the big shot maitre d’ at the 21 Club” who didn’t let him in, and Pepe, a bar owner who was trying to extort Breslin with an inflated bar tab. [more]

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  • Inside TheRealDeal
  • 9/11 Memorial

    World Trade Center Properties, an affiliate of Silverstein Properties, lost its bid to prevent American Airlines from using “act of war” as a defense to its alleged negligence in the September 11, 2001 attacks, Bloomberg News reported. [more]

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  • Amanda Burden and Madison Square Garden

    Madison Square Garden may get a new lease on life from the Bloomberg administration – a permanent one.

    The City Planning Commission will on Wednesday consider a proposal from commissioner Amanda Burden that could effectively turn a 15-year extension of MSG’s lease  into one with no expiration date, Capital New York reported. The proposal contains a loophole that allows MSG to remain atop Penn Station in perpetuity, if it comes to an agreement with the three railroads beneath it to make infrastructure improvements. [more]

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  • Shvo resurfaces as High Line developer

    10th Avenue site slated to become art-themed condo and retail project
    May 21, 2013 09:00AM

    Michael Shvo and the High Line

    Michael Shvo, one of the highest-flying Manhattan brokers during the real estate boom who then disappeared from the market, is making a comeback as a developer, the Wall Street Journal reported.

    Shvo, with developer Victor Homes, beat out competitors to acquire 239 Tenth Avenue, a gas station site at Tenth Avenue and West 24th Street overlooking the High Line.The property was listed for $18.95 million, but the partnership ended up paying $23.5 million – or a record-setting $800 per buildable square foot – Victor’s Ran Korolik told the Journal. The partnership is also in talks to secure additional air rights, he added. [more]

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  • Yahoo to take space in former NYT building

    Tech giant expanding NYC space by 60 percent
    May 21, 2013 08:30AM

    Marissa Mayer and the former New York Times building at 229 West 43rd Street

    Hot on the heels of its $1.1 billion acquisition of blogging platform Tumblr, tech giant Yahoo announced that it would open new offices in the former New York Times building, the New York Times reported. The move is part of Yahoo’s push to expand their New York City presence by 60 percent. [more]

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  • An abandoned building at Ellis Island (image courtesy of Kingston Lounge)

    Landmark vote on South Village Historic District is today. Public review process for Staten Island ferris wheel begins. What’s with our obsession for tiny dwellings?: VIDEO Elvis’ Graceland mansion on the market. Barclays Center among Brooklyn Chamber of Commerce’s building honorees. Inside an abandoned Ellis Island building. Read these stories and more after the jump.

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  • Top stories

    May 21, 2013 07:30AM

    Top stories yesterday on The Real Deal:
    1. TRD’s updates from ICSC: Live blog 
    2. Aby Rosen celebrates birthday at Paramount Hotel 
    3. New ACRIS will include co-op unit searches, more data 

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