NEW YORK CITY-The partnership will convert the 82,200-sf 260 Park Avenue South and 123,023-sf 48 E. 21st St., both formerly owned and currently leased by the United Federation of Teachers, into a luxury condominium complex joined by a connecting lobby.
NEW YORK CITY-Situated on a 7.5-acre parcel in Hauppauge, NY, the Woodlands Office Park was acquired last year by Metropolitan Realty Associates and is undergoing a major redevelopment that is attracting a raft of new occupants.
NEW YORK CITY-The electronics giant will stake out new territory in time for the holiday shopping season with a store on Southern Boulevard. The retailer is negotiating a number of leases in "similar neighborhoods," two of which could be signed by year's end.
NEW YORK CITY-City Council Speaker Gifford Miller blasts the current plan for awarding Liberty Bonds to residential projects and unveils the Council's own proposal for allocating the $1.6 billion in federal funding.
NEW YORK CITY-The Atlanta-based REIT buys a 238,400-sf Long Island building, a separate 10,000-sf daycare facility and an 1,875-space parking lot. The property is leased to the GSA and used by the IRS.
NEW YORK CITY-Today is the deadline for interested teams to submit their qualifications to the Lower Manhattan Development Corp., and a panel to winnow down the applicants is now in place.
NEW YORK CITY-Upper East Siders know Grace's Marketplace for its high-class take-out, but the family-owned business also supplies many of the city's restaurants and hotels. It will open a second retail store further uptown in a new building that will also house its wholesale business.
ABINGTON, MA-Massachusetts-based Abington picks up three area banking offices with Friday's $17.3-million acquisition. The conversion is expected to be completed in about a month.
NEW YORK CITY-There's one on just about every Manhattan corner, but pharmacy chain Duane Reade is nearly invisible in the outer boroughs. A broker involved in the deal says a new Kew Gardens lease is part of the company's claim-staking strategy.
NEW YORK CITY-Jeffries & Co. Inc. now has a fourth elevator stop at 520 Madison Ave., while UniCredito Italiano is moving its North American headquarters from the Seagrams building up to 430 Park.