Developer gives first look at planned skyscraper near Grand Central Terminal — but lacks key piece to make it a reality
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Developer gives first look at planned skyscraper near Grand Central Terminal — but lacks key piece to make it a reality

ByNews Polite

It’s build-or-bolt time for BXP on Madison Avenue. The developer is itching to build a skyscraper at 343 Madison between East 44th and 45th streets, which is currently a block-long, empty lot owned by the MTA. But it needs an anchor tenant before the striking, 46-story, 950,000 square-foot tower —…

Real estate mogul loses eviction battle at Chrysler Building — and is ordered to pay M in back rent
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Real estate mogul loses eviction battle at Chrysler Building — and is ordered to pay $21M in back rent

ByNews Polite

A New York judge on Thursday ordered Chrysler Building tenants to pay their rent to Cooper Union instead of the real estate company that owns the leasehold — and ordered the firm’s mogul Aby Rosen to pay $21 million in back rent to the school. The stinging setback comes after…

Meatpacking District to lose last beef businesses as trendy nabe eyes new housing deal
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Meatpacking District to lose last beef businesses as trendy nabe eyes new housing deal

ByNews Polite

The Meatpacking District’s last remaining meatpackers might soon give way to 600 rental apartments, a Whitney Museum expansion and new facilities for Friends of the High Line, Realty Check has learned. The meat merchants, which once numbered in the hundreds, dwindled to a mere few in recent decades as the area drew…

Amazon may be primed to add space near its NYC headquarters as more workers return to office
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Amazon may be primed to add space near its NYC headquarters as more workers return to office

ByNews Polite

Amazon, which recently told 350,000 employees it wants them all back in the office five days a week, apparently needs more room for them. Jeff Bezos’ tech and retailing behemoth is in talks to lease  all of HSBC’s 350,000 square feet at 452 Fifth Ave. when the bank moves to…

Owner of 60 Wall St. makes risky bet with massive 0M revamp
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Owner of 60 Wall St. makes risky bet with massive $250M revamp

ByNews Polite

The struggling Financial District’s brightest hope — and biggest challenge for its owners — is 60 Wall St., the vacant, 1.6 million square-foot tower where Paramount Group launched a marketing and leasing campaign as it completes a $250 million transformation. The 47-story tower developed for JPMorgan in the 1980s more recently belonged…

Aging NYC office building shows how to succeed despite trend toward shiny new towers
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Aging NYC office building shows how to succeed despite trend toward shiny new towers

ByNews Polite

Let’s say you own a 60-year-old, near-900,000 square-foot Midtown office building. Demand for space in Midcentury buildings is weak.  A half-billion-dollar mortgage payment is coming up. Do you: Scramble to refinance when lenders are getting cold feet? Complain to the New York Times that it’s the worst season for property owners…

Related Companies snags new leases at 55 and 50 Hudson Yards
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Related Companies snags new leases at 55 and 50 Hudson Yards

ByNews Polite

Related Companies has scored 80,000 square feet of new leases at Hudson Yards, according to sources. At 55 Hudson Yards, J.F. Lehman & Company signed for 29,000 square feet, replacing Vista which expanded into a larger space at neighboring 50 Hudson Yards. Separately, Milbank LLP added 28,000 square feet to bring its total…

PR firm Joele Frank scoops up space at 22 Vanderbilt, aka 335 Madison
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PR firm Joele Frank scoops up space at 22 Vanderbilt, aka 335 Madison

ByNews Polite

The rarest sighting in this bleak office-leasing season is a deal for more space than a large area rug would cover. But here’s a substantial one: public relations firm Joele Frank is taking 78,353 square feet at Milstein’s 22 Vanderbilt, aka 335 Madison Ave. Joele Frank, which specializes in strategic corporate…