The Real Deal New York

Gary Barnett, 251 Park Avenue South and Frank Ring

A nearly vacant office property that is part of the fabled F.M. Ring portfolio will be sold in a public auction on Aug. 28, following a ruling in New York state court, the New York Observer reported. Ring owns the property, at 251 Park Avenue South, with Extell Development, but the companies have been engaged in an ownership dispute. [more]

421 Kent Avenue rendering

Christine Quinn goes on offensive over UES marine transfer station. Midtown East townhouse near River House asks $7.5 million. WASA/Studio One architects make progress with stalled Kent Avenue residential building. Rec center on West 60th Street reopens after $15 million makeover. Bernardo Fashions adds five years to lease at 463 Seventh Avenue. Read these stories and more after the jump.

Lisa Simonsen, Dolly Lenz and the Sherry Netherland (credit: CityRealty)

Superstar broker Dolly Lenz departed Douglas Elliman last week, causing industry-wide speculation as to where she will land. Whether Lenz attaches herself to another major firm or establishes her own company, one thing’s for certain — not all of her listings have followed her. [more]

From left: Luxury Listings logo, a Central Park South townhouse and the interior of 973 Fifth Avenue

Readers interested in Manhattan’s glitziest and most expensive properties should check out Luxury Listings NYC, The Real Deal’s newest publication. In our upcoming July/August issue, we turn the spotlight on vacation homes in the Hamptons, Cape Cod, Nantucket, the Catskills and parts of New Jersey, and look at summertime home design and décor for buyers, sellers and renters. We also scope out Manhattan’s most dog-friendly areas, offer advice on how to transport expensive art and antiques, and more. [more]

From left: RXR’s William Elder and the Starrett-Lehigh Building

Sports apparel brand Under Armour has inked a 19,000-square-foot lease at the 20-story Starrett-Lehigh Building, owned by RXR Realty, Crain’s reported. The lease spans 10 years for a portion of the 15th floor, and marks the company’s first New York City space. [more]

Mercedes House

The first two phases of Two Trees Management’s zig zag-shaped Mercedes House development are now fully leased, a spokesperson for Two Trees told The Real Deal, representing some 700 units. [more]

Exterior and interior photos of 75 1/2 Bedford Street

Fat chance? The city’s narrowest building is finally in contract after years of price chops and popping on and off the market, Curbed reported. The property, at 75 1/2 Bedford Street in the West Village, was last asking $3.5 million. [more]

587 Fifth Avenue at center

A New York state judge is scheduled to hear arguments from an investor in 587 Fifth Avenue — a 10-story office and retail building on a prime stretch of the shopping strip — who is trying to block developer Asher Zamir from selling the property’s leasehold to Crown Acquisitions.

Elyass “Elliott” Eshaghian, president of Manhattan-based Evvan Importers, filed a derivative suit June 12 in New York State Supreme Court on behalf of investors in the property, alleging that Zamir made decisions about its future without his permission. [more]

From left: Douglas Elliman Chairman Howard Lorber and the Witkoff Group’s Steve Witkoff (Credit: Katherine Clarke)

Douglas Elliman heavyweights, including Chairman Howard Lorber, CEO Dottie Herman and an array of the firm’s top producing brokers, gathered last night to celebrate the launch of 10 Madison Square West in style. More than 100 guests flocked to a cordoned-off section of Madison Square Park — which developer the Witkoff Group had rented out for the event — to sip lemonade- thyme cocktails and nibble on tiny lobster rolls and salted caramel tartlets.Click here to see the photos and more.

Jupiter 21 rendering (Credit: David E. Gross)

Jupiter 21, a new 78,000-square-foot mixed-use building located at 21 East 1st Street, has started leasing its rental units, according to a release from its developer, BFC Partners. [more]