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]
Rendering of 43-25 Hunter Street on far 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.) In the next few weeks, the developer will launch bidding to hire a subcontractor. Construction is slated to begin later this year, with completion scheduled for 2016, the Observer said. [more]
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]
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]
Foxwoods Theatre
Britain’s biggest theater company has purchased a long-term lease for Broadway’s biggest venue, Foxwoods Theatre, for an estimated $60 million, the New York Times reported.
Ambassador Theater Group secured the 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]
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]
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]
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]
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]
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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