NEW YORK CITY-Keeping on track with plans to focus its business on class A office properties, Reckson makes a multi-million dollar purchase in Manhattan.
NEW YORK CITY-Another company is making the move to Lower Manhattan. Earth Tech takes 37,999 sf of Fidelty Investments space in a sublease deal at One World Financial Center that runs through June 2012. Financial arrangements were not disclosed.
NEW YORK CITY-In what could be an encouraging sign of better times ahead, law firm Schulte Roth & Zabel expands its space by 51,000 sf in the Turtle Bay section of the city. The firm now occupies 287,000 sf at 919 Third Ave.
NEW YORK CITY-A yet-to be approved plan for high-rise office buildings will require those over 75 feet to have written evacuation plans in place. One official hopes such plans will be put in effect in all city buildings.
NEW YORK CITY-An investment and banking concern, displaced by the Sept. 11, 2001 terrorist attacks, has inked a 13-year deal for an additional 51,000 sf in the Midtown property.
NEW YORK CITY-More than 1,200 apartments in the Mott Haven section of the Bronx will be renovated through a public/private partnership. Another 100 apartments in East New York are available for affordable housing.
WHITE PLAINS, NY-Citing family and corporate governance concerns, Starwood chair and CEO Barry Sternlicht will resign the chief executive slot as soon as a successor is found.
ATLANTIC CITY, NJ-A portion of an under-construction parking garage at the Tropicana Casino and Resorts collapsed Thursday. Four deaths and numerous injuries were reported. The hotel is undergoing a $245 million expansion.
NEW YORK CITY-Hundreds of residents of apartments financed under the Mitchell-Lama program attended a rally at City Hall Wednesday as the City Council held its first hearing on a conversion protection bill.
NEW YORK CITY-Another residential conversion is on the way as Time Equities sells a former Chelsea YMCA to First New York Realty for $12.5 million. The 67,000-sf site will be converted into apartment and a health club.