100 West 33rd Street

Advertising behemoth Interpublic Group is in the final stages of negotiating a lease for an additional 95,000 square feet at 100 West 33rd Street, in the Fashion District, Crain’s reported.

The agency is in talks to lease the entire fourth floor of the building — where they already have 400,000 square feet — for 15 years at rents around $50 per square foot, sources told Crain’s. [more]

From left: 919 Third Avenue, 909 Third Avenue and Interpublic Group CEO Michael Roth

Vornado Realty Trust has scored a major coup for its struggling office building at 909 Third Avenue, securing one of Mitdown’s biggest leases of the summer. According to the New York Observer, a group of Interpublic Group agencies, including well-known public relations firm Weber Shandwick, have inked a deal for 220,000 square feet at the office property. [more]

Vornado CEO Mike Fascitelli, 220 Central Park South and Gary Barnett

The battle between Extell Development and Vornado Realty Trust over a Central Park condominium site that would directly compete with One57 has entered a new phase. The Wall Street Journal reported that Extell has gone to court to force Vornado to re-fill the building it vacated, at 220 Central Park South.

Vornado emptied the building, and wants to do the same to the basement garage Extell leases through 2018, in order to knock it down and replace it with a luxury condo building just blocks from Extell’s One57.

The lawsuit is a reaction to Vornado having recently informed Extell that it is in default of its lease, and will move to evict it. [more]

Vornado Chairman Steven Roth and 501 Broadway

Vornado Realty Trust’s latest Manhattan retail play is in Soho. The firm purchased 9,200 square feet of selling space at 501 Broadway, between Spring and Broome streets, for $31 million, the New York Post reported (note: correction appended). The space also has frontage at 72 Mercer Street and is occupied by Necessary Clothing. The sale works out to about $3,600 per square-foot, but only 3,800 of the space’s footage is ground-level, much of the rest is located in a selling basement. [more]

H&M at 640 Fifth Avenue

The world’s largest H&M store is coming to New York City. Racked, citing Women’s Wear Daily, reported that the retailer has signed a 57,000-square-foot lease at 589 Fifth Avenue. The location is just a few blocks from H&M’s current New York flagship, at 640 Fifth Avenue at 51st Street. [more]

From left: Vornado CEO Michael Fascitelli and the exteriors of 231 and 229 West 58th Street (buildings credit: PropertyShark)

Vornado Realty Trust is moving forward with its plans to demolish two small mid-block commercial buildings in Midtown that are tied to a large condominium development on Central Park South.

The large real estate investment trust filed plans with the city’s Department of Buildings this month to demolish 231 West 58th Street, a three-story structure, and 229 West 58th Street, which has five floors. The properties are located between Broadway and Seventh Avenue. [more]

From left: Vornado CEO Michael Fascitelli and H&M's 640 Fifth Avenue retail space

Vornado Realty Trust’s CEO Michael Fascitelli was bullish on Upper Fifth Avenue in the company’s first ever earnings call, covering the second quarter of 2012. Fascitelli said that the firm expected to receive a huge bump in rent as the lease for a large retail location on Fifth Avenue ends.

“In just the next couple of years, one of our best leases on Fifth Avenue expires,” he said during the call. “Re-leasing there could produce an annual increase in rent of more than $20 million.” [more]

Pamela Anderson's home

From the August issue: In our monthly roundup on real estate transations across the nation, TRD has the details on Vonrado’s $126 million purchase of Washington Office Center in the nation’s capital. We also tell you about Regent Partners and GEM Realty Capital’s plan to buy the Concourse Corporate Center, a 2.1 million-square foot, mixed-use development in Atlanta, from TIAA-CREF. On the residential side, an 11-bedroom historic mansion called Stone Hedge has sold for $395,650 in cash in Detroit, and “Baywatch” star Pamela Anderson has put her Malibu, Calif. home on the rental market for $50,000 per month. More details on these national stories and more after the jump. [more]

From left: Vornado CEO Michael Fascitelli and the Marriott Marquis

Continuing its Manhattan retail play, Vornado Realty Trust has signed a 20-year lease for the retail space underneath the Marriott Marquis Times Square hotel, Host Hotels & Resorts, the hotel’s owner, announced today.

The trust will spend as much as $140 million to expand the space, at 1535 Broadway, convert the underground parking lot into additional selling space, and create a six-story, 300-foot-long LED sign. [more]

From left: Microsoft Chairman Bill Gates, Boston Properties Chairman Mort Zuckerman, SJP Properties CEO Steven Pozycki and a rendering of 250 West 55th Street

Having been bumped from Boston Properties’ under-construction 250 West 55th Street, Microsoft now has the option of renewing its deal at the Vornado-owned, 2.1-million-square-foot 1290 Avenue of the Americas or relocating to 11 Times Square, the New York Observer reported.

The reason for being bumped from 250 West 55th Street? Law firm Kaye Scholer signed a letter of intent to take 260,000 square feet in the tower, as previously reported. This and another deal with the law firm Morrison Foerster on the tower’s lower floors leaves Microsoft with the top floors, which are too pricey. [more]