150 E. 42nd St.

NEW YORK CITY—ALM Media is moving its New York City headquarters to 150 East 42nd St., across the street from Grand Central Terminal. The integrated digital media company signed a long-term lease for approximately 46,000 square feet in the 42-story Midtown East building.

ALM delivers premium content to professionals in the legal, financial services, benefits, consulting, property and casualty insurance, and real estate industries through such publications and online resources as Law.com, The National Law Journal, New York Law Journal, ThinkAdvisor, GlobeSt.com and Real Estate Forum. The company will relocate to the mezzanine floor of the Grand Central submarket property in Q3 2018.

David Werner Real Estate, 601 W. Companies, Harry Skydell and Berkley Properties had purchased the building at 150 E. 42nd St. in Aug. 2014 for $900 million. The post-modern building, completed in 1956, is located between Lexington and Third avenues. With an original design by John B. Peterkin, revised by the architecture firm Harrison & Abramovitz, the structure is easily recognized by its blue glass exterior on the lower floors and embossed steel façade tower. It was granted landmark status in 2003.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Betsy Kim

Betsy Kim was the bureau chief, East Coast, and New York City reporter for Real Estate Forum and GlobeSt.com. As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis Lawyers.com, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.