NEW YORK CITY-Industry veteran Steven W. Ford will serve as vice chairman of BOMA International. He will be the second highest-ranking executive within the federation.
NEW YORK CITY-The interim PATH station that took commuters into the World Trade Center site before being destroyed in the terror attacks, is a month ahead of schedule and should be up and running for commuter travel in a month.
NEW YORK CITY-A fixture in Midtown South for more than 20 years, Beyer Blinder Belle Architects & Planners LLP signs a 20,000 sf lease renewal and adds on 20,000 sf more for expansion space.
NEW YORK CITY-A newcomer to the New York City real estate investment market snags the 250,000-sf 660 Madison Ave. for $160 million or $640 per sf. The space is located on top of retailer Barney's New York, which is owned by a separate entity.
NEW YORK CITY-The Port Authority and City of New York have reached an agreement that means approximately $700 million to the city when the deal closes. The Port Authority will increase its future PILOT payments for the World Trade Center site.
NEW YORK CITY-The "For Sale" sign at the Roosevelt Hotel has been taken down. The current owners have rejected numerous bids and will refinance the Midtown landmark instead.
NEW YORK CITY-British investment firm Coller Capital branches out from the European marketplace taking 4,000 sf at 410 Park Ave. for its US headquarters.
NEW YORK CITY-Coming right on the heels of another big buy, Max Capital Management purchases the 1.2 million sf 237 Park Ave., also known as the Atrium.
NEW YORK CITY-Next month, Vornado Realty LP will redeem $87.5 million in 8.5% Series D-1 Cumulative Redeemable Preferred Units. The $292 million sale of Two Park Ave., which was announced in August, has closed.