The Real Deal New York

Posts Tagged ‘Rudin Management’

  • Rendering of WeWork building in the Brooklyn Navy Yard (credit: S9 Architecture)

    Rendering of WeWork building in the Brooklyn Navy Yard (credit: S9 Architecture)

    UPDATED: Sep. 22, 12:55 p.m. Companies looking to spend between $60 and $70 per square foot on office space can choose between One World Trade Center, a host of Midtown buildings – and now the Brooklyn Navy Yard. [more]

  • For family dynasties: Adapt or die

    August 06, 2015 10:05AM

    Family-Dynasties-TRDFrom the August issue: Family real estate dynasties — from the Rockefellers to the Zeckendorfs — have been building up the Manhattan skyline since the days of John Jacob Astor back in 1799.

    But in the past few decades family firms have lost their dominant stature in the industry. Over the past five years, the biggest commercial investors in New York City real estate have been SL Green Realty and Vornado Realty Trust — both publicly traded real estate investment trusts. And mega private equity firms, like the Blackstone Group, have been aggressively buying up buildings, to boot. Faced with these aggressive rivals, family firms have shed significant market share. [more]

  • Rendering of WeWork building at the Brooklyn Navy Yard (credit: S9 Architecture) (inset: Boston Properties CEO Owen Thomas, top, Rudin Management chairman Bill Rudin, bottom (credit: STUDIO SCRIVO))

    Rendering of WeWork building at the Brooklyn Navy Yard (credit: S9 Architecture) (inset: Boston Properties CEO Owen Thomas, top, Rudin Management chairman Bill Rudin, bottom (credit: STUDIO SCRIVO))

    Boston Properties may ramp up its investments in Brooklyn in the wake of its latest development deal at the Navy Yard, chief executive Owen Thomas told investors in an earnings call Thursday. [more]

  • Greenwich Lane Rudin

    Bill Rudin (credit: STUDIO SCRIVO) and the Greenwich Lane project

    UPDATED, 4:10 p.m., March 19: A woman was fatally struck Tuesday by a piece of plywood from the Greenwich Lane construction site. The Rudin family and Eyal Ofer’s Global Holdings are converting the former site of St. Vincent’s Hospital into luxury condominiums and townhomes, spanning West 11th and 12th Streets along Seventh Avenue. Though this was the first fatality associated with the project, it is far from the first serious incident. [more]

  • Greenwich Lane

    Rendering of the Greenwich Lane (credit: FXFOWLE)

    UPDATED, 1:45 p.m., March 18: A 37-year-old woman was fatally struck by a piece of plywood blown from the Greenwich Lane, the Rudin family and Global Holdings’ condominium conversion of the former St. Vincent’s Hospital in the West Village.

    Tina Nguyen, an agent at real estate brokerage Keller Williams, was walking on the sidewalk and talking on her cell phone around 5:50 p.m. Tuesday when the incident occurred. The winds of up to 38 miles per hour shoved her into a wall at a parking garage at 175 West 12th Street. She died at Bellevue Hospital from head trauma. [more]

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  • Adam Neumann and 110 Wall Street in the Financial District

    Adam Neumann and 110 Wall Street in the Financial District

    Shared office space giant WeWork is planning to add small apartments and community facilities to the top of Rudin Management’s 110 Wall Street to cater to TAMI tenants seeking affordable housing in the city. [more]

  • Greenwich Lane

    From left: Renderings of a penthouse kitchen and private garden at Greenwich Lane

    A $45 million penthouse at the Greenwich Lane — the priciest apartment at the Rudin family and Global Holdings’ condominium conversion of the former St. Vincent’s Hospital — is under contract, The Real Deal has learned. The pad hit the market asking an astronomical $8,050 per square foot. [more]

  • Bill Rudin (credit: STUDIO SCRIVO) and 560 Lexington Avenue

    As Vodafone mounts a British invasion of the American telecommunications industry, the company is doubling its space at Rudin Management’s 560 Lexington Avenue in Midtown.

    Vodafone had been subleasing the 22-story building’s ninth floor and will now occupy the entire eighth and ninth floors in a direct deal of just over 34,000 square feet. The building holds a total of 400,000 square feet, according to the Wall Street Journal. [more]

  • From left: 55-57 West 88th Street and a rendering of Greenwich Lane

    From left: 55-57 West 88th Street and a rendering of the Greenwich Lane

    Last month was the coldest February in New York in 81 years. This, however, wasn’t the city’s only notable record. February also saw a record-setting amount of contracts signed for $4 million or more. [more]

  • Rendering of Rudin Management's Greenwich Village park (credit: Hayes Davidson)

    Rendering of Rudin Management’s Greenwich Village park (credit: Hayes Davidson)

    Rudin makes good on promise for West Village park. East River Ferry rescued from ice trap. Read these stories and more after the jump.

  • From left: David Cone and Greenwich Lane

    From left: David Cone and Greenwich Lane

    UPDATED, Feb. 24, 1:20 p.m.: Right after selling his Upper East Side home for about $6 million, former Mets and Yankees pitcher and now a YES Network commentator David Cone is in contract to buy a four-bedroom apartment at Rudin Management and Global Holdings’ Greenwich Lane project at Seventh Avenue and West 12th Street.  [more]

  • Bill Rudin and 1675 Broadway

    Global advertising agency Publicis Groupe is consolidating its New York offices in Rudin Management’s 1675 Broadway, taking 580,000 square feet altogether in a renewal and expansion deal that is the year’s biggest so far.

    Publicis is extending its existing 480,000-square-foot lease to 2031 and adding another 100,000 square feet, where a division called Publicis Worldwide North America will relocate from 950 Sixth Avenue by early 2016. [more]

  • 80-pine-lease

    From left: 80 Pine Street in Lower Manhattan, Snohetta’s Craig Dykers and Sept. 11 Memorial Museum Pavilion (credit: Snohetta)

    Snohetta, a Norwegian architecture firm that designed Times Square and the Sept. 11 Memorial Museum Pavilion, is relocating to the Rudin family’s 39-story office building at 80 Pine Street. [more]

  • Enrique-Alonso-138-140-W11

    From left: Enrique Alonso and 138-140 West 11th Street

    UPDATE, 3:56 p.m., Sept. 26: One of the top executives at SJP Properties, the New Jersey-based developer of 11 Times Square and a portfolio of multi-family buildings, just snapped up an 11-unit townhouse in Greenwich Village for $19 million, property records show.

    Senior Vice President Enrique Alonso and his wife, an SJP vice president and daughter of company founder Steven J. Pozycki, paid $19.2 million for the 1885 home at 138-140 West 11th Street, records filed today indicate. [more]

  • William Rudin and 110 Wall Street

    From left: William Rudin and 110 Wall Street

    Rudin Management, which was reportedly eyeing a residential conversion for its Superstorm Sandy-damaged office building at 110 Wall Street, purchased nearly 36,000 square feet of development rights from a neighboring FiDi hotel earlier this month.

    William Rudin’s firm paid $7.76 million – or about $217 per square foot – to acquire 35,815 square feet of development rights from the Eurostar Hotel at 129 Front Street, property records show. [more]

  • The Lenox Hill HealthPlex in the West Village

    The Lenox Hill HealthPlex in the West Village

    North Shore-LIJ’s freestanding emergency center is slated to open next week across from the former St. Vincent’s Hospital. [more]

  • trade-desk

    From left: William Macklowe, 386 Park Avenue South and the Trade Desk

    William Macklowe Company and Principal Real Estate Investors agreed to lease more than 13,000 square feet at 386 Park Avenue South to California-based advertising technology firm the Trade Desk. [more]

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  • Jack Rudin buys Lenox Hill co-op

    May 07, 2014 01:49PM
    From left:

    From left: images of the 825 Fifth Avenue listing and Jack Rudin

    Rudin Management chairman Jack Rudin, along with wife Susan, bought a residential co-op at 825 Fifth Avenue for $10.5 million, according to records filed with the city today. The two-bedroom, three-bathroom spread was most recently listed for $10.999 million, StreetEasy shows. [more]

  • manar

    Left: Gregory Fournier, Stanley Gale Jr., Joel Bergstein, Michael Samuelian, Kyle Kimball, Bill Rudin and Amir Korangy

    While international buyers have emerged as potential clients when developers are conceiving of a project, New Yorkers remain the primary demographic, according to some of the city’s top developers yesterday at the Manhattan Association of Realtors’ annual Global Real Estate Symposium.  [more]

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  • The Closing: Bill Rudin

    March 26, 2014 10:30AM
    Bill Rudin

    Bill Rudin (Photo by STUDIO SCRIVO)

    From the March issue: Rudin is the CEO of Rudin Management Company, a business started by his grandfather, Samuel Rudin, in 1925, and previously run by his father, Lew Rudin, and uncle, Jack Rudin. The firm’s portfolio is comprised of 10 million square feet of commercial space at buildings such as 3 Times Square, 345 Park Avenue and 80 Pine Street, and 20 luxury apartment buildings, including 1085 Park Avenue and 945 Fifth Avenue. The company’s current projects include the Greenwich Lane, a collection of 200 condominiums across five buildings at the former site of St. Vincent’s Hospital in the West Village. [more]