NEW YORK CITY-One month ahead of schedule, the final steel beam for 7 World Trade Center is put in place. The building, which was the last to fall during the Sept. 11 terrorist attacks, is the first to rise.
BOCA RATON, FL-New York City-based Blackstone Group will acquire Boca Resorts for a total transaction value of nearly $1.3 billion. This acquisition comes on the heels of the completion of Blackstone's merger with Prime Hospitality.
NEW YORK CITY-Incentives play a crucial role in legal giant White &Case's choice of a new home. The firm subleases 40,000 sf at 100 William St. from Reuters.
NEW YORK CITY-Lava Holding increases its space in the 202,426-sf site to 70,500 sf after being displaced from One World Trade Center following the Sept. 11 attacks. Back then, the technology firm occupied only 7,500 sf.
NEW YORK CITY-SL Green picks up another asset taking a 100% leasehold interest in 625 Madison, the former Revlon building, for $231.5 million. The asset is currently 68% leased due to Revlon's relocation at the end of last year.
CONEY ISLAND, NY-Sea Park, an 816-unit affordable-housing complex, is a redevelopment of a three-building Mitchell-Lama development originally constructed in 1973. It is another part of the city's effort to revitalize this area.
NEW YORK CITY-The Enterprise Foundation earmarks $1 billion to both create and preserve affordable housing. It's just one of the investments made in affordable housing here.
NEW YORK CITY-An apartment-listing service files suit against REBNY and others for violation of antitrust laws. REBNY president Stephen Spinola calls the suit "frivolous and without merit."
NEW YORK CITY-The first hotel and office development slated for Harlem in more than 30 years wins $8.5 million in sales and real estate tax benefits. The $200-million development is expected to bring 1,500 new jobs to the area.