The Real Deal New York

Midtown neighborhood news

  • From left: 1400 Broadway and 112 West 34th Street

    From left: 1400 Broadway and 112 West 34th Street

    Anthony Malkin’s Empire State Realty Trust has purchased the ground and operating leases for two Midtown properties. [more]

  • From top left: Neil Goldmacher, Mark Weiss and 345 Park Avenue

    From top left: Neil Goldmacher, Mark Weiss and 345 Park Avenue

    The Blackstone Group is sticking with its 345 Park Avenue space, having renewed its lease and picked up an additional 38,846 square feet.

    The deal adds the 27th floor to Blackstone’s spread, an expansion that brings the investment and advisory firm’s space to a total of 489,495 square feet in Rudin Management’s building. The deal extends the firm’s lease to 2027. [more]

  • Extell sells One57 pad for $30.6M

    May 12, 2014 01:39PM
    Gary Barnett and One 57

    Gary Barnett and One 57

    Another day, another bumper sale at Gary Barnett’s One57. Barnett’s firm, Extell Development, pocketed $30.6 million for a sponsor unit on the 58th floor of the glassy tower, according to property records filed with the city on Monday.

    The 4,483-square-foot pad has four bedrooms and 4.5 bathrooms, according to Extell’s condominium offering plan. The unit was most recently listed at $32.4 million, or about $7,227 per square foot. [more]

  • [caption id="attachment_375910" align="aligncenter" width="570"]301 East 50th Street (Credit: COOKFOX Architects) 301 East 50th Street (Credit: VUW Studio)[/caption]

    CBSK Ironstate is launching sales today at 301 East 50th Street, a 29-story limestone condominium building in Midtown East, representatives for the developer told The Real Deal. See the full story and slideshow after the jump.

  • Judge tosses Plaza’s Citi Bike suit

    April 30, 2014 02:25PM
    From left: 768 Fifth Avenue and a Citi Bike

    From left: 768 Fifth Avenue and a Citi Bike

    The Citi Bike rack in front of Manhattan’s tony Plaza Hotel isn’t going anywhere. [more]

  • A rendering of 7 Bryant Park and Mary Ann Tighe

    A rendering of 7 Bryant Park and Mary Ann Tighe

    Law firm Reed Smith, which was in advanced discussions to take 30 percent of Hines’ under-construction office tower at 7 Bryant Park, is no longer in the running for the space, The Real Deal has learned. Hines is shopping for a new anchor tenant to occupy the 160,000-square-foot space at the base of the tower, a source familiar with the developer said. [more]

  • Spa Castle to open Manhattan location

    April 25, 2014 08:00AM
    From left: 131-10 11th Avenue in College Point and 117 East 57th Street in Midtown East

    From left: 131-10 11th Avenue in College Point and 115 East 57th Street in Midtown East

    Spa Castle, an Asian sauna and European spa fusion located on a 100,000-square-foot spread in Castle Point, Queens, is gearing up to open a second New York location in Midtown East. [more]

  • Interior shots of the townhouse at 226-228 East 49th Street

    Interior shots of the townhouse at 226-228 East 49th Street

    UPDATED, 2:59 p.m., February 24: The estate of painter David Deutsch sold his townhouse in the historic Turtle Bay Gardens neighborhood to the Carlyle Group for $13.5 million, property records filed today with the city show. [more]

  • Skadden Arps eyes new Midtown spaces

    April 24, 2014 08:00AM
    From left: Renderings of 3 Hudson Yards and Manhattan West

    From left: Renderings of 3 Hudson Yards and Manhattan West

    Law firm Skadden Arps is on the hunt for a Midtown space, despite attempts to draw the company downtown.

    Jones Lang LaSalle’s Peter Riguardi and Ken Siegal are leading the search, which is rumored to be focusing on the Hudson Yards area. Two properties, 3 Hudson Boulevard and Manhattan West, are said to be the firm’s top choices, according to the New York Post. In either locale, Skadden would settle in as the anchor tenant with between 550,000 and 600,000 square feet. [more]

  • The George S. Bowdoin Carriage House at 149 East 38th Street (Credit: Brown Harris Stevens)

    The George S. Bowdoin Carriage House at 149 East 38th Street (Credit: Brown Harris Stevens)

    A Murray Hill townhouse that evokes comparisons to the hit 1980s TV series “Miami Vice” has popped back up on the market, this time asking $8 million. [more]

  • From left: 650 Fifth Avenue and Supreme Leader of Iran Ayatollah Khamenei

    650 Fifth Avenue and Iran’s Ayatollah Khamenei

    An Iranian nonprofit with alleged ties to Tehran isn’t happy with the forced forfeiture of the Piaget Building at 650 Fifth Avenue, and says the move was a violation of the right to religious freedom guaranteed by the United States.

    A Manhattan federal judge ruled last month that a group of Iranian companies who own the building must hand over the property because they acted as fronts for the Iranian government. But a spokesperson for the Alavi Foundation, the chief owner of the property, counters that the organization is a foundation that promotes Persian language and Islamic culture. [more]

  • 250 West 55th Street

    250 West 55th Street

    WEEKENDEDITION Three firms have made deals to occupy a total of 23,265 square feet at the recently-built 250 West 55th Street.

    Veracen Partners, RTW Investments & LifeSci Capital and Coltrane Asset Management have each signed leases for 11,263 square feet, 7,196 square feet and 4,806 square feet, respectively, at the nearly one million square-foot office property at Eighth Avenue. All three companies will occupy a portion of the 16th floor of the 38-story office tower. [more]

  • 335 Madison Avenue

    335 Madison Avenue

    UPDATED, 12:59 p.m., April 17: Milstein Properties is teaming up with business incubator Grand Central Tech in hopes of kicking off a thriving startup community in Midtown East, in a space that once served as Facebook’s New York offices.

    Landlord and developer Milstein is donating 15,000 square feet of space at 335 Madison Avenue, across from Grand Central Terminal between East 44th and East 43rd streets, to hold 12 to 18 fledgling startups, the Wall Street Journal reported. The ultimate goal, Grand Central Tech’s organizers told the paper, is to extend the trend of tech firms populating loft-like spaces beyond current hotspots like the Flatiron District and Chelsea. [more]

  • From left: Douglas Durst and 601 West 57th Street

    From left: Douglas Durst and 601 West 57th Street

    Federal prosecutors slapped the Durst Organization with a lawsuit Wednesday, charging that the developer’s Helena tower is in violation of the Fair Housing Act. [more]

  • From left: Peter Turchin, Lower Manhattan and Sacha Zarba

    From left: Peter Turchin, Lower Manhattan and Sacha Zarba

    Downtown landlords took advantage of the area’s growing popularity by re-pricing about 1.5 million square feet of the 12.2 million square feet available in the first quarter of 2014. According to newly released data from CBRE Group, the vast majority of this space — about 1.43 million square feet — was priced higher. [more]

  • One Vanderbilt rendering and Stephen Green

    1 Vanderbilt rendering and Stephen Green

    Undeterred by the demise of Mayor Bloomberg’s Midtown East rezoning plan in November, developer SL Green is pushing forward with negotiations to bring its 65-story 1 Vanderbilt plan to fruition under the de Blasio administration.

    Unnamed sources told Capital New York that the developer is in talks with the city planning department about ways it could maneuver its planned 1.6 million-square-foot tower between 42nd and 43rd streets with or without a neighborhood-wide rezoning. [more]

  • 310 West 40th Street

    310 West 40th Street

    Abraham Noy of 310 Group LLC plans to build a 42-story hotel on a 4,937-square-foot lot on 310 West 40th Street.

    According to records from the Department of Buildings and PropertyShark, Noy intends to oversee the construction of a 401-foot-tall hotel with 287 rooms at the Midtown lot, which is situated between Eighth and Ninth avenues. [more]

  • Extell's Gary Barnett and One57

    Extell’s Gary Barnett and One57

    A Hong Kong-based buyer has shelled out $30.6 million for a 60th-floor unit at Gary Barnett’s One57, according to property records filed with the city.

    Rainbow Choice International Limited closed on the sale March 28. The unit, 60A, isn’t listed on StreetEasy, but a three-bedroom, 4,200-square-foot unit directly below it sold for $30.4 million. [more]

  • Hudson Spire site goes into contract

    April 10, 2014 12:20PM
    Rendering of Hudson Spire and Hudson Yards

    Rendering of Hudson Spire and Hudson Yards

    Tishman Speyer appears to have snapped up the $200 million Hudson Spire site near the Related Companies’ Hudson Yards. [more]

  • The GM Building's owners: Moise Safra, Mort Zuckerman and Zhang Xin

    The GM Building’s owners: Moise Safra, Mort Zuckerman and Zhang Xin

    From the April issue: In 2008, developer Harry Macklowe was faced with $7 billion in debt and was forced to give up his crown jewel, the 50-story, 1.82 million-square-foot GM Building at 767 Fifth Avenue. A group led by Boston Properties’ Mort Zuckerman paid $2.8 billion for the tower, about twice what Macklowe had paid just five years earlier. [more]

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