A rendering of Hudson Yards

Time Warner is leaning towards moving its million-square-foot headquarters to the Hudson Yards megaproject on Manhattan’s far West Side, the Wall Street Journal reported.  [more]

100 11th Avenue, One World Trade Center and Time Warner Center

From the April issue: The Manhattan skyline is the Big Apple’s most iconic feature. And, much like the city itself, it’s always changing.

“[It’s] so dynamic, it’s almost a barometer for what’s going on in the rest of the world,” said Eran Chen, the founder of the Manhattan-based firm Office for Design & Architecture. “Every cultural change, every economical change, every social change is being expressed in New York City’s skyline.” [more]

Doug Harmon and the Time Warner Center

Time Warner has hired Eastdil Secured’s Doug Harmon to market its 1.1 million-square-foot Midtown headquarters and determine what the media conglomerate would receive for the building, Reuters reported.  [more]

From left: the Time Warner Center and David Li

Bank of East Asia CEO and chairman David Li, a former Hong Kong politician, has sold his Time Warner Center duplex for $18.8 million, the New York Observer reported, citing city records. Li purchased the 3,491-square-foot condo, on the 72nd floor, in 2004, for $9.68 million, the Observer said. The duplex, at the building also known as 25 Columbus Circle, was listed in May for $20 million with Carrie Chiang and Janet Wang of the Corcoran Group. [more]

Time Warner Center

Time Warner has reached out to two additional firms, Eastdil Secured and Jones Lang LaSalle, to help it value its million-square-foot Columbus Circle headquarters, having already solicited the services of Studley last week, the Wall Street Journal reported. The media behemoth is preparing to move into a new location or consolidate its more than 4 million square feet of New York City office space. If the company does decide to sell, the building could command prices of roughly $1,000 a square foot for a total price north of a billion dollars. The intense bidding interest likely from a sale announcement would mean that brokers could reap rich rewards from commission, typically below 1 percent on a deal of this size…. [more]

Time Warner Center

Time Warner is reaching out to brokers to assess the value of its Manhattan headquarters, as it prepares to move into a new location or consolidate its more than 4 million square feet of New York City office space, the Wall Street Journal reported. Over the last two years, the company has been considering new locations, including the West Side rail yards and Brookfield Place. Though the company owns its million-square-foot headquarters by Columbus Circle, the majority of its other office space is leased. Sources told the Journal that if Time Warner were to make a move to a new location, it would likely sell the Time Warner Center…. [more]

Vitaly Malkin

UPDATED, Feb. 8, 4:29p.m.: An entity linked to the son of Russian billionaire Vitaly Malkin is suing a Manhattan contractor for allegedly overbilling him for work on his Time Warner Center apartment. The entity, called 25 CCST74B, alleges that the contractor, Katselnik & Katselnik Group, tried to extort a multimillion-dollar contract to build out the space after the plaintiffs decided to go with another contractor for subsequent work. [more]

A rendering of the the Galleria at Sowwah Square in Abu Dhabi

Related is hoping to do for an Abu Dhabi neighborhood what it did for New York’s Columbus Circle — that is, turn it into a luxury shopping and dining destination. The development company is planning two massive projects, Sowwah Central and The Galleria at Sowwah Square,  for the Middle Eastern city. And today the firm revealed that it has already secured 48 luxury tenants for the 15.8 million-square-foot mixed-use center. [more]

The One57 crane and Mayor Bloomberg

Mayor Michael Bloomberg appears to have changed his mind about skyscraper damage resulting from wind-related incidents, the New York Observer reported. Last month’s infamous One57’s dangling crane reminded the Observer of when April 2004’s freakish wind storms dislodged constructions material from the then-unfinished Time Warner Center.

Back in 2004, Bloomberg ordered work to be stopped immediately at Time Warner Center and reportedly chastised the developer. As previously reported, after the One57 crane collapsed, Bloomberg defended the Extell project and its developer, Gary Barnett. [more]

From left: the interior of unit #64CE at 25 Columbus Circle and Daniela Kunen

A 64th floor condominium at the Time Warner Center has hit the market with an asking price of $40 million, according to Streeteasy.com. The pricey spread at the glitzy building – which also uses the address 25 Columbus Circle – was last listed for a relatively modest $25 million in June 2008, before being withdrawn from the market after a month.

The five-bedroom, seven-bathroom home features marble floors, a media room and “helicopter views of Central Park,” according to the current listing, with Daniela Kunen of Douglas Elliman. [more]