Bank of America is in late-stage negotiations to lease up to 150,000 square feet at the Durst Organization’s 45-story Midtown office tower at 1133 Sixth Avenue, The Real Deal has learned. [more]
Posts Tagged ‘tom bow’
Third Avenue’s weak office marketcompelled the Durst Organization to take a different approach to finding tenants for its building at 205 East 42nd Street, where Pfizer vacated about 250,000 square feet two years ago. It decided to try and sell the space rather than lease it. Now, the Wall Street Journal reported that the landlord has found a buyer for 170,000 square feet of the space in the City University of New York.
CUNY had previously been rumored to be in talks for the space, but now a sale is official. Though the terms of the agreement were not disclosed, Durst Organization said it would regain control of the space in 30 years. [more]
From left: 4 Times Square; John Grotto, senior leasing manager at Durst Organization, and Tom Bow, senior vice president of leasing at the Durst Organization; and a crowd shot at the Wednesday night’s event
There’s a rumor floating in real estate circles that the vacant retail space in 4 Times Square at the corner of 42nd Street and Broadway is accounted for. Last night, the Durst Organization held a party for brokers to show off the space, in part, to prove those rumors false.
“It’s frustrating when you reach out to a respected brokerage and you hear them say, ‘I thought that space was taken,’” John Grotto, senior leasing manager at the Durst Organization, told The Real Deal.
Durst Organization President Douglas Durst and more than 100 brokers were on hand to tour the 42,550-square-foot, three-floor space and enjoy ribs, brisket and mac and cheese from Virgil’s Real Barbecue — so much of it, in fact, that the restaurant was begging lingering brokers to take leftovers home. … [more]