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Demir Sabanci and 41-47 West 57th Street (Sedesco, Google Maps)

Sedesco seeks rezoning for new Billionaires’ Row skyscraper

Apparently 400,000 square feet on Billionaires’ Row isn’t quite enough space for one builder’s ambitious vision. Turkish developer Sedesco...

Sedesco seeks rezoning for new Billionaires’ Row skyscraper
Extell sells One57 sponsor unit for $17M

Extell sells One57 sponsor unit for $17M

UPDATED, April 15, 2021, 6:50 p.m.: Extell Development has sold a sponsor unit at One57 for $16.8 million. But the buyer’s identity is unclear. Records show that Colgate University professor Caroline Keating is the...

Extell sells One57 sponsor unit for $17M
345 Park Avenue and Blackstone President Jonathan Gray (Google Maps, Twitter)

Blackstone expands Manhattan HQ

As office workers continue to shun Manhattan, a leading asset manager is expanding its presence there. Blackstone Group has signed a deal to expand its Midtown office at 345 Park Avenue by an additional...

Blackstone expands Manhattan HQ
966 6th Avenue (Google Maps, iStock)

Sonic to open first location in Manhattan

UPDATED March 10, 2020, 1:10 pm: Sonic, founded in 1953 in Oklahoma as Sonic Drive-In, will try to make it in New York. The fast-food chain is opening its first location in Manhattan at...

Sonic to open first location in Manhattan
Vornado looks to dump Trump
National

Vornado looks to dump Trump

Vornado Realty Trust is seeking to end its partnership with the Trump Organization at two of the former president’s most valuable assets. Vornado executives have had discussions about buying out the Trump Organization’s 30...

Vornado looks to dump Trump
Gary Barnett’s Extell Development with the $26.7M building he sold. (500w57 via Twitter)

Extell sells West 57th Street office to CBS

 UPDATED, Feb. 17, 2021, 1:00 p.m.: Two mid-market deals were recorded last week for a total of nearly $57.7 million in transaction volume: one in Manhattan, and one in Brooklyn, both involving familiar players....

Extell sells West 57th Street office to CBS
Cindat Capital Management CEO Greg Peng and Hersha Hospitality Trust CEO Jay Shah with 51 Nassau Street (Google Maps)

7 Manhattan hotels head to auction block

Seven Manhattan hotels are hitting the auction block. The portfolio, owned by a joint venture between Hersha Hospitality Trust and Chinese investment firm Cindat Capital Management, is scheduled to be auctioned on Jan. 21...

7 Manhattan hotels head to auction block

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