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The Real Deal New York
Pearlmark refis Tower 56 with $125M Blackstone loan
August 31, 2018 01:45PM
Pearlmark Real Estate Partners landed a $125 million loan from the Blackstone Group to refinance its boutique Tower 56 office building in the Plaza...
WeWork is taking 7 floors at Jack Resnick’s 880 Third Avenue
August 14, 2018 03:30PM
WeWork is taking seven floors at 880 Third Avenue in the Plaza District. The co-working firm signed a 15-year lease for just under 70,000...
25 Plaza District towers ask $100-plus psf in rent: report
June 07, 2017 05:45PM
The city’s 25 most expensive office towers all average asking rents of more than $100 per square foot, and the highest floors at three...
GEMS school looks to lease entire office portion of Plaza District property
October 22, 2015 03:42PM
GEMS Education, the world’s largest operator of K-12 schools, is in talks to net-lease the entire office component of a 14-story Plaza District building,...
Former top exec at hedgie SAC takes office in Plaza District
November 19, 2014 01:40PM
An upstart hedge fund lead by a former top executive at the scandal-plagued SAC Capital Advisors has signed a sublease for 18,000 square feet...
Plaza District office towers lure tenants with luxe amenities
April 01, 2014 06:45PM
Boutique commercial towers in the tony Plaza District are reportedly attracting a slew of small financial outfits, despite high office rents there.
Aussie developer raising $500M for Park Avenue Tower buy
December 05, 2013 06:18PM
Australian development titan Grocon is on the prowl for $500 million to finance its acquisition of a 95 percent majority stake at the Park...
Boutique financial firms snap up big-ticket Midtown offices
November 13, 2013 10:30AM
From the November issue: Even as big banks continue to suffer, some segments of the financial services industry are improving. The evidence of that can...
Hedge fund jumps ship to Boston Properties’ 510 Madison Ave.
June 21, 2013 04:30PM
Fledgling hedge fund Prosiris Capital Management has signed an 11,500-square-foot lease at Boston Properties’ 510 Madison Avenue and will leave its current space at...
Two Plaza District leases break boom-time price records
May 30, 2013 06:00PM
Two Recent Plaza District office leases have broken new price records, marking the most expensive office leases since the 2008 real estate boom, Crain’s...
Avoiding the Plaza District: Grand Central attracts companies needing large spaces
April 03, 2013 09:30AM
From the April issue: The first quarter of 2013 saw few large leasing deals, especially in Midtown’s pricey Plaza District, according to an analysis compiled...
Plaza District sees highest vacancy rate in years
September 28, 2012 09:30AM
The Plaza office market is struggling, as companies cut back or seek to lease offices in trendier neighborhoods downtown. Availability in The Plaza district...
Despite high vacancy, asking rents remain high in Plaza District
September 13, 2012 04:00PM
Due to it’s dependence on financial services firms, The Plaza District — situated between East 47th and East 55th streets between Central Park and...
Commercial real estate industry salivates over hedge fund clients
March 12, 2012 09:30AM
Because of the relatively high prices they are willing to pay in an office market that has begun to favor efficiency, hedge funds are...
Safra behind priciest NYC office deal of 2010
January 13, 2011 08:43AM
The buyer of the 254,000-square-foot office condominium atop Barneys New York at 660 Madison Avenue was an investment entity controlled by Brazilian billionaire Joseph...
Private equity firm takes 10K square feet in Plaza District
August 24, 2009 12:48PM
A growing private equity firm moved to its third location in four years to take nearly 10,000 square feet of sublease space in a...
CBRE sues for $380K commission in Plaza District building
May 08, 2009 02:06PM
Commercial sales and leasing powerhouse CB Richard Ellis says its brokers are owed a sizable commission after putting in months of work showing space...
Bridge Investment targets $500M in Opportunity Zone possibilities
Developers bristle over Chicago’s new affordable housing rules
Riverside Church buys Union Theological Seminary dorm for $47M
Diane von Furstenberg’s prince son buys
432 Park Avenue pad
GreenOak shoots for $90M sellout at UWS condo conversion
October 2018 issue
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