NEW YORK CITY- In the first construction contract let since Sept. 11, 2001, the Battery Park City Authority has approved a 37-story, environmentally "green" condominium apartment tower next to the Ritz Carlton Hotel on Little West Street.
NEW YORK CITY-Brookfield Financial Properties chair John E. Zuccotti will take the reigns of the Real Estate Board of New York in January. Zuccotti is an industry veteran with extensive government service.
NEW YORK CITY-Retail space at the 2.8 million sf AOL Time Warner Center is 95% leased. AOL Time Warner is also reported to be purchasing another 100,000 sf of office spaces at cost from the developers.
NEW YORK CITY-In its third expansion in five years at 1185 Avenue of the Americas, King & Spalding LLP signed a lease for 26,500 sf on the entire 32nd floor of the 42-story tower. The international law firm is now the anchor tenant occupying 132,500 sf on floors 30 through 35.
NEW YORK CITY-The AFL-CIO Building Investment Trust begins a nationwide $400 million multifamily apartment housing program with a commitment for $34.9 million in funding toward a Kew Gardens, NY mixed-income multifamily project.
NEW YORK CITY-Next week, Chelsea residents can add a 24-hour diner to the list of restaurants flocking to the area. The Comfort Diner has inked a 10-year deal for 2,500 sf of space at 25 West 23rd St.
NEW YORK CITY-Strategic communications firm Shepardson Stern and Kaminsky has moved its headquarters from SOHO to 88 Pine St. SS&K inked a 10-year deal for 19,932 sf of space expressing a desire to be part of the Downtown renaissance.
NEW YORK CITY-Townsend Capital, headquartered in Towson, MD, acquired 521 W. 57th St., the 400,000-sf headquarters of International Flavors and Fragrances for $90 million.
BETHPAGE, NY-Distribution Traffic Services Inc., an affiliate of E&F Trucking, purchased Northrop Grumman Corp.'s Building No. 1 for in excess of $11 million.
NEW HYDE PARK, NY-Kimco Realty Corp. has entered into an agreement to sell 1.8 million shares of its common stock to UBS Securities LLC in a public offering. Net proceeds will be approximately $66 million.
