NEW YORK CITY-In a blow to World Trade Center leaseholder Silverstein Properties, an Appeals Court affirmed a decision that a jury would have to decide whether the terrorist attacks on the twin towers constituted one or two occurrences.
NEW YORK CITY-A last minute lawsuit didn't stop the $1.4 billion sale of the GM Building. Macklowe Properties picked up the landmark office at 767 Fifth Ave. from Conseco, who filed for bankruptcy-court protection in December.
NEW YORK CITY-The non-profit Help USA inks a deal for 27,000 sf at 5 Hanover Square, which was purchased last month for $46.5 million by Swig Burris Equities.
NEW YORK CITY-The groundbreaking will be held next week for Strivers Gardens, a 169-unit condominium complex in Central Harlem. Fleet provided $42.7 million in financing toward the project, which is the third ANCHOR project in Harlem.
NEW YORK CITY-The city anticipates there will be more than one million sf of developable space available in West Chelsea due to some zoning changes the planning department intends to put in place.
NEW YORK CITY-Students are already living in the 169 rooms Educational Housing leased at the hotel. In total, the company took 67,000 sf for $30 per sf on a five-year term.
NEW YORK CITY-The Home Depot, which recently revealed plans for its first Manhattan store in the Flatiron district, will also take 83,000 sf in Midtown. According to one insider, the retailer is paying $75 per sf.
NEW YORK CITY-The rumor mill was flying all summer long about where super broker Woody Heller would wind up and now it's official. He's joined tenant rep firm Studley.
NEW YORK CITY-In one of the largest per sf deals in the Flatiron district, Investcorp sells 150 Fifth for slightly more than $102 million. The site is the home of EMI Music, which has a long-term lease for 151,000 sf.