The Real Deal New York

Posts Tagged ‘Times Square’

  • Leviev-Jekyll-Finley

    From left: Chagit Sofiev-Leviev, Jekyll & Hyde Club at 216 West 44th Street and Donald Finley

    Times Square landlord Africa Israel USA spooked the founder of the bankrupt mystery-themed restaurant Jekyll & Hyde Club with a demand for $2.2 million this week. [more]

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  • Hotel Carter in Times Square

    Hotel Carter in Times Square

    The dirtiest hotel in the U.S. is about to be sold for nearly $200 million. [more]

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  • 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]

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  • courtyard-by-marriott

    307 West 37th Street

    Hotel-centric real estate investment trust Carey Watermark Investors paid $95 million for the 27-story Courtyard by Marriott Times Square West hotel.

    The 224-room hotel near West 38th Street opened a year ago. It holds 655 square feet of meeting space, the New York Observer reported. Carey Watermark financed the deal with $56 million of debt, acquiring the property from Navin Dimond of Colorado-based hospitality firm Stonebridge Companies. [more]

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  • From left: a Skagen watch and 1585 Broadway

    From left: a Skagen watch and 1585 Broadway

    UPDATED, 9:50 a.m., May 29: A division of watch- and other accessories brand Fossil will open its flagship store in New York City at 1585 Broadway. [more]

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  • The new CitizenM Hotel in Times Square

    The new CitizenM Hotel in Times Square

    CitizenM, a new hotel in New York City’s Times Square, offers a striking combination of high tech and high design. [more]

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  • From left: Hampshire Hotels' Eric Danziger and 560 Seventh Avenue

    From left: Hampshire Hotels’ Eric Danziger and 560 Seventh Avenue

    Soho Properties, MHP Real Estate Services and Hampshire Hotels Management are bringing a Dream Hotel to the current locale of Parsons The New School of Design. [more]

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  • Blackstone's Jonathan Gray and 229 West 43rd Street

    Blackstone’s Jonathan Gray and 229 West 43rd Street

    Blackstone Group’s Equity Office will add yet another so-called TAMI (technology, advertising, media and information) tenant to 229 West 43rd Street, The Real Deal has learned. Online advertising network Collective is taking the entire eighth floor – nearly 58,000 square feet – at the property, according to sources familiar with the deal. [more]

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  • Times Square

    Loathed by many New Yorkers first as seedy hotbed of crime and then as an over-the-top tourist attraction, newly built luxury condominiums have convinced some New Yorkers to give Times Square a chance.  [more]

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  • Times Square plaza

    WEEKENDEDITION Despite being frequently used for private events, which earn private profits, Times Square’s public plazas are generating little revenue for the city. [more]

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  • hotel-carter

    Tran Dinh Truong and 250 West 43rd Street

    The Hotel Carter in Times Square, named the dirtiest U.S. hotel by travel website TripAdvisor in 2006, is expected to hit the market this year.

    Since April, John Cruz of GF Management has been running the 615-key hotel at 250 West 43rd Street, between Seventh and Eighth avenues. The company is in the process of addressing 15 outstanding building code violations, some of which involve broken “Exit” signs, insects in the lobby and malfunctioning elevators.  [more]

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  • From left: Jeff Sutton and 1565 Broadway

    From left: Jeff Sutton and 1565 Broadway

    Radio Shack has opened in Jeff Sutton’s former Roxy Deli building in Times Square. [more]

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  • Times Square

    Times Square

    Taking advantage of confusion between city agencies tasked with manning public plazas and parks, corporate promoters are flooding areas like Times Square and pedestrian plazas along Broadway with crowds and attractions. [more]

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  • This month in real estate history

    November 18, 2013 04:30PM
    Times Square in 1953

    Times Square in 1953

    From the November issue: 1953: City tries to clean up Times Square

    The city announced its first proposal to clean up Times Square 60 years ago this month. The Department of City Planning proposed changes to zoning regulations that sought to eliminate carnival-style freak shows, flea circuses, shooting galleries and similar tawdry businesses in Times Square.

    According to the New York Times, city officials said the businesses were depressing real estate values. [more]

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  • 11-Times-Square

    11 Times Square

    Hedge fund Moore Capital Management is close to signing for 80,000 square feet at SJP Properties and Prudential’s office spec property 11 Times Square, including the penthouse office on the 40th floor and a private squash court, Crain’s reported.

    Rents at the 1.1 million-square-foot tower, located at 1251 Sixth Avenue in Times Square, are $90 per square foot and up. Newmark Grubb Knight Frank broker Neil Goldmacher is representing the would-be tenant, while Jones Lang LaSalle’s Mitch Konsker heads up a team that represents the owner. [more]

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  • The scene of the scaffolding collapse at 40th Street and Seventh Avenue (Credit: @gabrielsperber via Twitter)

    The scene of the scaffolding collapse at 40th Street and Seventh Avenue (Credit: @gabrielsperber via Twitter)

    Scaffolding that appears to be from an under-construction restaurant at a Handler Real Estate-owned building in the Times Square district collapsed around 10 a.m. today, injuring three people. [more]

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  • 1538-1548 Broadway

    1538-1548 Broadway

    The U.S. Polo Association’s flagship store has a new home in the heart of Times Square.

    The sport’s governing body selected the 1,250-square-foot space on the ground floor of Vornado Realty Trust’s 1540 Broadway for its visibility and prominence, according to Thor High Street Advisors, whose Matthew Seigel brokered the deal for the tenant. Sherry White represented Vornado in-house. [more]

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  • From left: George Kaufman and 1407 Broadway

    From left: George Kaufman and 1407 Broadway

    Tech and fashion tenants are reshaping an area bordered by Herald Square to the south and Times Square to the north. At 1407 Broadway, licensing company Galaxy Brand Holdings just nabbed 10,900 square feet in the Kaufman Organization’s 1.1 million square-foot building for the company’s first location. [more]

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  • 360-West-42nd-Street

    From left: Michael Leff, 360 West 42nd Street, Jon Epstein and Arthur Mirante

    The owner of three adjacent parcels at the corner of 42nd Street and Ninth Avenue near Times Square has put the site on the market with brokers expecting offers of about $2 million per year in triple net rent, meaning the tenant pays taxes and other expenses. [more]

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  • From left: PubMatic's Kirk McDonald and 220 West 42nd Street

    Kirk McDonald and 220 West 42nd St

    Ad-tech company PubMatic has inked a deal for 12,000 square feet of space in the Candler building at 220 West 42nd Street.

    The new space in the heart of Times Square, above a McDonald’s, comes as the Redwood City, Calif.-based firm expands its New York team to more than 60 employees from 40. [more]

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