The Real Deal New York

Posts Tagged ‘david levinson’

  • 114-Fifth-Ave

    114 Fifth Avenue and L&L’s David Levinson

    MasterCard is close to inking a lease for a 60,000-square-foot “lab” in Midtown South.

    The space, at 114 Fifth Avenue, would house a mobile e-commerce technology lab with 122 employees. The Westchester, N.Y.-based credit card processor announced yesterday it planned to open such a space in Manhattan, but did not specify where. [more]

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  • 195-broadway

    195 Broadway and David Levinson

    UPDATE, 1:36 p.m., Dec. 3: L&L Holding Company and Beacon Capital Partners have sold a majority interest in the 29-story office building at 195 Broadway to institutional investors.

    The property, located between Fulton and Dey streets, is valued at $500 million. David Levinson, who runs L&L, and his partners picked it up in 2005 for $266 million. Thomson Reuters Markets, Omnicom Group and HarperCollins Publishing are among the tenants at the building, which is fully leased. [more]

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  • From left: David Levinson and 425 Park Avenue

    From left: David Levinson and 425 Park Avenue

    Despite the crash and burn of the Bloomberg administration’s Midtown East rezoning plan, L&L Holding’s 41-story office tower at 425 Park Avenue is moving full steam ahead. [more]

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  • From left: Marc Holliday, a rendering of 425 Park Avenue and David Levinson

    From left: Marc Holliday, a rendering of 425 Park Avenue and David Levinson

    SL Green Realty and David Levison’s L&L Holding Co. may be able to get a jumpstart over rival developers on their plans to build taller buildings under the proposed Midtown East rezoning. [more]

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  • From left: Mary Ann Tighe, David Levinson and 222 Broadway

    Conde Nast is already expanding its downtown footprint before making the move to 1 World Trade Center. The publisher is now in negotiations to lease 80,000 square feet at the L&L Holding Company-owned 222 Broadway, located between Fulton and Ann Streets, in a 10-year-plus deal, Crain’s reported. [more]

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  • From left: Norman Foster, a rendering of 425 Park Avenue and L&L Holdings Chairman David Levinson (credit: dbox branding & creative for F+P)

    Pritzker Prize-winning starchitect Norman Foster’s firm, Foster + Partners, was selected to design the 650,000-square-foot office building that will be constructed at 425 Park Avenue, Crain’s reported. Construction is set to begin on the first full-block office project on the Park Avenue Midtown stretch in almost 50 years in 2015, and is slated to be completed two years after that. [more]

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  • From left: L&L Holdings Chairman David Levinson, Rem Koolhaas, Norman Foster, Zaha Hadid, Richard Rogers and 425 Park Avenue (credit: PropertyShark)

    Four high-profile finalists will compete to design an office tower to rise at 425 Park Avenue. Norman Foster of Foster & Partners, Rem Koolhaas of OMA, Zaha Hadid of Zaha Hadid Architects and Richard Rogers of Rogers Stirk Harbour & Partners have been selected to present their proposals to the developer, L&L Holdings, the New York Times reported. The finalists were chosen from 11 architects that L&L had reached out to in the spring. [more]

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  • From left: Mort Zuckerman, Susan Breitenbach, Aby Rosen and Billy Macklowe

    From Apollo Global Management head Leon Black to Boston Properties boss Mort Zuckerman, the New York City real estate industry is a critical component to the East End scene. In fact, no fewer than 14 of the 100 most powerful people to descend upon the Hamptons this summer, as compiled by Hamptons magazine, are members of the industry. [more]

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  • L&L Holdings Chairman David Levinson and 425 Park Avenue

    L&L Holdings will have to wait until 2015 before it can begin developing Park Avenue’s first new office tower in more than 30 years. According to the New York Post, that could be a blessing. The Bloomberg administration has begun pushing a rezoning of office buildings in the Grand Central area that would lift restrictions on new buildings. [more]

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  • From left: David Levinson and 425 Park Avenue

    David Levinson, chairman and CEO of L&L Holding, told the New York Times that he has a positive outlook on the Manhattan office market. With improved vacancy rates and increased rents, he said, “business has gotten better.” Indicative of this is L&L’s new development at 425 Park Avenue between 55th and 56th streets.

    Levinson told the Times that he plans to demolish 75 percent of the building to leave a podium on top of which a new structure will be built. The design will be column-free, there will be floor-to-ceiling windows and it will be LEED Platinum or Gold . [more]

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  • Harry Macklowe’s Drake Hotel site at 440 Park Avenue may be the most valuable development site in New York City, according to a recent list compiled by the New York Observer. It is closely followed by David Levinson’s 425 Park Avenue and the World Trade Center site, in positions two and three respectively. 

    The Observer’s list, made in honor of a slew of recent development following a slow start to the year, was compiled using data from Cassidy Turley, Co-Star and its own reporting. 

    Bringing up the rear of the list in positions nine and 10 are Boston Properties and Related project 740 Eighth Avenue and a 100,000-square-foor glass tower at 450 West 14th Street, atop the High Line. … [more]

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  • New York-based pension fund TIAA-CREF has bought control of the land beneath 425 Park Avenue for $315 million, according to city records. The land was previously owned by the Goelet family, a major New York landowner in the early 19th century, Real Estate Weekly reported.

    The deal comes less than a week after the fund’s purchase of the Corner, the Upper West Side rental tower that opened last year at 72nd Street and Broadway, for $209 million.

    At 425 Park, though, the fund will only have ownership of the land itself…. [more]

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  • David Levinson, chairman and CEO of L&L Holding Company, talked about blowing up his garage as a child, which led to his eventual discovery of building restoration, at the Jeffrey Modell Foundation’s 25th anniversary event last night (see photos above). He was named Man of the Year at the “Spring Ahead” event held at American Museum of Natural History. When Fred Modell, who established the foundation with his wife Vicki, introduced him, he joked about Levinson, who is a partner in the New York Yankees, always wearing his Yankees World Series ring. When Levinson approached the podium, he held up his hand showing off the ring. The Jeffrey Modell Foundation was established in memory of the Modells’ son, Jeffrey, who died in 1986 at the age of 15 of pneumonia due to an underlying Primary Immunodeficiency disease.
    – Marc Becker

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  • Peters, Knakal ascend at REBNY

    January 06, 2010 11:02AM

    From left: Frederick Peters, Robert Knakal, Stephen Ross, Bruce Beal Jr., and Mary Ann Tighe

    The Real Estate Board of New York announced today that Frederick Peters, the president of Warburg Realty, has been appointed to the organization’s executive committee as the vice president of the residential brokerage division. Meanwhile, Massey Knakal’s Robert Knakal has been named vice president of the commercial brokerage division. Peters has served on REBNY’s Board of Governors since 1995 and Knakal since 2000, but this is the first time either of them has been appointed to a title position on the executive committee. Other new members to the executive committee include David Levinson, the chairman and CEO of L&L Holding Company, and Bruce Beal, Jr., the executive vice president of Related Companies, who will serve as members at large for 2010. TRD[more]

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