The Real Deal New York

Posts Tagged ‘sl green’

  • Rendering of SL Green's planned Grand Central overhaul

    Rendering of SL Green’s planned Grand Central overhaul

    Grand Central is slated to undergo a $210 million transformation that will yield four new staircases to the subway platforms, two new street entrances, a revamped mezzanine and a brand new 4,000-square-foot waiting area as part of developer SL Green’s deal with the de Blasio administration. [more]

  • 2 West 47th Street and Extell's Gary Barnett

    2 West 47th Street and Extell’s Gary Barnett

    A published report claims that Extell Development Company plans to open a hotel on West 47th Street. [more]

  • From left: SL Green's Marc Holliday, 50 West 47th Street and Gary Barnett

    From left: SL Green’s Marc Holliday, 50 West 47th Street and Gary Barnett

    SL Green is reportedly in talks to pick up the top 13 stories of Extell Development’s International Gem Tower. [more]

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  • Sutton-Massey2

    From left: Jeff Sutton, Paul Massey, Marc Holliday and 760 Madison Avenue

    SL Green Realty paid $282.4 million for the land under a package of retail and residential buildings that it owns in partnership with Jeff Sutton and Stonehenge Partners, where luxury brand Armani is a tenant. [more]

  • From left: 180 Broadway, 2 Herald Square and 985-987 Third Avenue

    From left: 180 Broadway, 2 Herald Square and 985-987 Third Avenue

    SL Green Realty announced the sales of three Manhattan properties in separate transactions that will generate $240 million in net cash proceeds for the real estate investment trust. [more]

  • From left: Andrew Penson, Grand Central and 1 Vanderbilt rendering

    From left: Andrew Penson, Grand Central and 1 Vanderbilt rendering

    Lawyers for Grand Central Terminal’s landlord have threatened to sue the city for $1 billion over an air-rights dispute related to the construction of SL Green’s One Vanderbilt. [more]

  • SL Green sues AIG for $20M

    July 11, 2014 06:25PM

    From left: Robert Benmosche, 180 Maiden Lane (Photo credit: CoStar Group) and Marc Holliday

    The city’s largest office landlord, SL Green Realty, filed a $20 million lawsuit yesterday claiming the global financial firm American International Group did not leave its office space at 180 Maiden Lane in good condition. SL Green, a real estate investment trust headed by CEO Marc Holliday, filed the suit in New York State Supreme Court against AIG’s unit AIG Employee Services. [more]

  • From left: Gale Brewer, Midtown East and Daniel Garodnick

    From left: Gale Brewer, Midtown East and Daniel Garodnick

    On Wednesday politicians gave the city’s developers a better idea about who will devise recommendations meant to pave the way for the rezoning of Midtown East. [more]

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  • Renderings of 1 Vanderbilt

    Renderings of 1 Vanderbilt

    Design plans for SL Green’s 67-story glass tower across from Grand Central went before Community Board 5’s landmarks committee last week, where the proposed transparent façade set back at an angle on 42nd Street met with mixed reviews. [more]

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  • From left: Stephen Green and 845 United Nations Plaza

    Stephen Green and 845 United Nations Plaza

    Residents of Trump World Tower are looking to oust SL Green head Stephen Green, who sued the condominium following a slip and fall last October.

    The real estate honcho tumbled on wet marble outside the gym at 845 United Nations Plaza. He blamed the fall on a cleaning lady failing to put up a caution sign after mopping, according to court papers cited by the New York Post. As a result, Green was “both physically and mentally” injured, according to his suit filed in Manhattan civil court. [more]

  • From left: Marc Holliday, 600 Lexington Avenue, Mimi Hockman and Kyle Williams

    From left: Marc Holliday, 600 Lexington Avenue, Mimi Hockman, Kyle Williams

    Another law firm has scooped up office space at SL Green’s 600 Lexington Avenue. [more]

  • From left: 719 Seventh Avenue and SL Green CEO Marc Holliday

    From left: 719 Seventh Avenue and SL Green CEO Marc Holliday

    SL Green has picked up a corner property at Seventh Avenue and 48th Street. [more]

  • From left: Mayor Bill de Blasio and the view of midtown East

    From left: Mayor Bill de Blasio and the view of Midtown East

    Expect delays on the rezoning of Midtown East. [more]

  • 119 Kent Avenue

    119 Kent Avenue in Williamsburg

    Time Equities’ 427,000-square-foot tower project at 50 West Street and SL Green’s 65-story 1 Vanderbilt are among the latest projects to receive a new batch of mind-blowing renderings in the past week or so. Click here for a slideshow and more.

  • vanderbilt-1

    1 Vanderbilt rendering and Alicia Glen

    Mayor Bill de Blasio’s administration has proposed rezoning a five-block stretch surrounding Grand Central Terminal to allow for the construction of SL Green’s 65-story tower project 1 Vanderbilt.

    De Blasio’s plan looks to partly resuscitate the failed push by his predecessor, Michael Bloomberg, to rezone 73 blocks of Midtown East to make way for larger office buildings. SL Green has been negotiating with TD Bank about becoming the flagship tenant at the proposed 1,200-foot tower. [more]

  • 420-lex

    420 Lexington Avenue and Steve Durels

    SL Green’s Graybar building is now 95 percent leased after a bevy of recent office deals.

    The 30-story property at 420 Lexington Avenue has seen 17 new leases totaling 86,333 square feet. Private equity firm Pride Global Finance and Pride Technologies LLC, for example, agreed to expand by nearly 19,700 square feet. [more]

  • Bob Knakal and

    Bob Knakal and 985-989 Third Avenue

    Major office landlord SL Green is looking to sell a development site on the southeast corner of East 59th Street and Third Avenue directly across the street from Bloomingdale’s department store, The Real Deal has learned. [more]

  • 1080-amsterdam

    1080 Amsterdam Avenue

    A Morningside Heights property that previously housed hospital staff is ready to reopen as a rental building following a two-year renovation. The 96-unit residential building at 1080 Amsterdam was developed by Stonehenge Partners and SL Green, and designed by Steven Kratchman Architects with interior design by Andres Escobar.

    Stonehenge Partners and SL Green partnered on the $13 million purchase of a 99-year lease on the property in 2012. Renovations on the 73-year-old, 82,250-square-foot building included upgrades to the heating and electrical systems, corridors and windows, and elevators. The building was most recently used by St. Luke’s Hospital Center to house its staff, Curbed reported. [more]

  • Marc Holliday and 100 Park Avenue

    Marc Holliday and 100 Park Avenue

    Real estate investment trust SL Green and Prudential Real Estate Investors completed a $360 million refinancing of an office tower at 100 Park Avenue, according to public records filed with the city today.

    The loan was provided by a syndicate led by German commercial bank Landesbank Hessen-Thuringen Girozentrale, also known as Helaba. The refinancing was done in February, records show. [more]

  • 388-390 Greenwich Street

    388-390 Greenwich Street

    SL Green has agreed to pay nearly $800 million for Ivanhoe Camrbidge’s stake in 388-390 Greenwich Street, where Citigroup’s headquarters are located.

    The firm will plunk down $783 million for a 49.4 percent stake in the 2.6 million-square-foot office building, the New York Observer reported. Following the purchase, SL Green will hold full ownership of the building, for which the consolidated investment is valued at $1.58 billion. “We have enjoyed a successful partnership with Ivanhoe Cambridge at 388-390 Greenwich, capped by Citi’s recent lease extension, which was one of the largest lease transactions ever executed in New York,” Andrew Mathias, president of SL Green, said in a prepared statement. [more]


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