The Real Deal New York

Express Times Square lease worth record $23M per year, NYC average hotel room rates could reach $400 this year … and more

May 30, 2012 08:00AM

1. More details on Express’ $350 million, 15-year-deal for 1552 Broadway [Post, 2nd item]
2. Denihan Hospitality CEO Patrick Denihan is “very, very bullish” on NYC hotel industry, expects average room rates to reach $400 [NYT]
3. Ben Shaoul puts three East 4th Street walk-ups on market for $25M [EV Grieve]
4. Former owner of Brooklyn Heights Cinema gets 20 months for scamming investors with phony development plans [Post]
5. Soho House will expand to Barcelona, Chicago, Istanbul, Mumbai and Toronto [NYDN]
6. Fast food chain Checkers is opening a Coney Island outpost steps from the beach [Brooklyn Paper]
7. Investors say special servicing firms cut bad deals and fail to disclose conflicts of interest [WSJ]
8. Forensic computer investigators Stroz Friedberg adds 13,800 square feet to existing 40,000 at 32 Sixth Ave [Post, 6th item]
9. East 10th Street home on the market for $1.7M belongs to Chloe Sevigny [EV Grieve]
10. Countrywide employee who sued the firm for fraud gets $14.5M award [Post]
11. Far Rockaway shows off new PlaNYC park facilities [NYDN]
12. It’s that time of year again: 78th Precint in Brooklyn has bedbug infestation [Post]
13. Five-year-long construction work begins in Hell’s Kitchen to repair water mains [DNAinfo]
14. 14 Penn Plaza inks nearly 50,000 square feet in leases among five firms [Post, 5th item]