NEW YORK CITY-A 250-unit residential condominium at 325 Fifth Ave. with a $190-million development cost is expected to "change the face of the Midtown area," according to the joint venture developers.
NEW YORK CITY-BOMA/NY's 18-month effort on establishing a building industry position to an Emergency Action Plan is being reviewed by the Fire Department and a decision is expected within the month.
NEW YORK CITY-The architectural firm designed the landmark building it called home, but as asking rents ticked upwards of $80 per sf, it opted to find more affordable digs and chose a spot where the asking rate is $36 per sf.
NEW YORK CITY-A home furnishings manufacturer renews space on Park Avenue in a 15-year deal, while a Japanese retailer takes space in the Crown Building.
NEW YORK CITY-A volunteer group from the Real Estate Board of New York is joining with a number of private businesses at the city's Office of Emergency Management's Emergency Operations Center to help facilitate communication in case of an emergency.
CONEY ISLAND, NY-This area known for its amusements and beach is undergoing a revitalization in an effort to become a year-round destination. The city's sale of a site that will be developed as a Staples store is a kick start to that initiative.
NEW YORK CITY-Cerberus Capital forms a new company to acquire Miami Beach-based LNR Property Corp. in a deal valued at approximately $3.8 billion. Earlier this year LNR, which was spun off from Lennar Corp., teamed with Lennar to purchase California-based developer Newhall.
NEW YORK CITY-The City of New York-Fire and Police inked a 41,074-sf renewal on space at 850 Third Ave. it has occupied for more than 40 years. The city plans to begin renovations later this year. The site will soon be renamed the "Discovery Building" for a recently signed anchor tenant.