Tom Barrack’s Colony NorthStar moves next to Trump Tower

Los Angeles /
May.May 03, 2017 02:31 PM

From TRD New York: Trump buddy Tom Barrack is moving his company office to the building next to the president’s New York home.

Barack’s Downtown Los Angeles real estate investment firm Colony NorthStar signed a 40,000-square-foot lease at 590 Madison Avenue, which is connected to Trump Tower through an atrium.

The company emerged from a merger between Colony Capital and NorthStar Realty Finance last year, and both parts currently have separate offices at 712 Fifth Avenue and 399 Park Avenue, the New York Post reported.

The firms will move to Madison Avenue at the end of the year and will occupy all of the 34th and part of the 33rd floor of the building, which is owned by the State Teachers Retirement System of Ohio.

According to the Post, the lease is the first Plaza District deal since 2014 that crosses the 25,000-square-foot and $100-per-square-foot thresholds. JLL represented Colony, while CBRE represented the landlord.

Barrack helped form a super PAC that raised millions for the candidate Trump and later chaired his inauguration committee.  [NYP] — Konrad Putzier


Related Articles

arrow_forward_ios
Charles Company's Mark and Arman Gabay and a rendering of 550 E. Colorado Boulevard in Pasadena (WATG)
195-room hotel planned for Pasadena’s Playhouse District
195-room hotel planned for Pasadena’s Playhouse District
Bardas Investment Group's David Simon with 6311 Romaine Street
Hollywood’s Television Center readies for $600M makeover
Hollywood’s Television Center readies for $600M makeover
Century Plaza project at 2025 Avenue of the Stars and Woodbridge Capital Partners' Michael. Rosenfeld (CoStar)
Stake in the Century Plaza Hotel heads to auction block
Stake in the Century Plaza Hotel heads to auction block
Valley Central at 44400 Valley Central Way in Lancaster (Google Maps, Getty)
Lancaster shopping center trades for $45M
Lancaster shopping center trades for $45M
UCLA chancellor Gene Block; former Marymount California University campus (UCLA, MCU)
UCLA pays $80M for former Marymount California campus
UCLA pays $80M for former Marymount California campus
IDS Real Estate Group’s co-CEOs David Mgrublian and Murad Siam with Irwindale Speedway at 500 Speedway Drive in Irwindale (Irwindale Event Center, IDS Real Estate, Getty)
Irwindale Speedway site to transform into industrial park
Irwindale Speedway site to transform into industrial park
Commercial real estate, Orange County, Proposition 13
Large landowners in OC could pay more property taxes, critics say
Large landowners in OC could pay more property taxes, critics say
Drawbridge Realty's Mark Whiting and Pacific Center office park at 1600-1610 Saint Andrew Place (Loopnet, Drawbridge Realty, Getty)
Collectibles outfit backed by Mets’ owner Cohen, Nets’ star Durant adds 102K sf at Santa Ana campus
Collectibles outfit backed by Mets’ owner Cohen, Nets’ star Durant adds 102K sf at Santa Ana campus
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...