With Land Swap Flop, Moynihan Station Off the Rails Again
The Moynihan Mall! (SOM) It is one of the most mythic and elusive redevelopment projects in the city, the plan to restore at least some of Penn Station's former glory with a new station inside the old...
View ArticleEastern Consolidated, Partner Engineering and Science, Lee & Associates and...
Jones Lang LaSalle has promoted John Wheeler to head the firm’s lower Manhattan office, it was announced this week. Mr. Wheeler, who boasts nearly 30 years of commercial real estate experience,...
View Article34th Street Partnership Eyes Ambitious Retail Makeover
This week, as brokers and retailers descend upon Manhattan for the International Council of Shopping Centers’ conference in New York, retail consultants John Harding and Richard Cohan, of the 34th...
View ArticleA King-Sized Deal In Brooklyn Marked the Biggest Investment Sale of the Year
Brooklyn malls don’t usually come to mind as the city’s highest-grossing commercial real estate. But this year was different, with 5100 Kings Plaza, a k a the Kings Plaza Mall, taking the top spot...
View ArticleCB 5 Recommends Denial of Proposed MSG Special Permit Application
At a meeting last night, Community Board 5 in Manhattan unanimously recommended a proposed special permit application from Madison Square Garden to operate an arena with more than 2,500 seats be denied...
View ArticleMacy’s Renews Lease at 11 Penn Plaza
Macy’s has renewed its lease for the 646,000-square-foot space at 11 Penn Plaza, it was announced yesterday. The new lease runs through 2035, according to a statement from Vornado Realty Trust, which...
View ArticleLaw firm Goetz Fitzpatrick Inks 17,600 SF Lease at 1 Penn Plaza
Law firm Goetz Fitzpatrick has signed 12-year renewal and expansion at 1 Penn Plaza, The Commercial Observer has learned. The construction and commercial litigation firm moves from its...
View ArticleDavid Werner and Partners Close on $325 M. Purchase of Historic Milford Plaza...
The historic Milford Plaza Hotel in the heart of the Theatre District was sold for $325 million, city records show, confirming previous reports that real estate investor David Werner and Deutsche Asset...
View ArticleiLevel Solutions Signs 11,000 SF Sublease at 2 Penn Plaza
iLevel Solutions has subleased an 11,000-square-foot portion of Forest Electric’s space on the fourth floor of 2 Penn Plaza, the companies announced this morning. The deal represents the firm's first...
View ArticlePreserving Manhattan: Municipal Art Society’s Vin Cipolla
Before becoming president of the Municipal Art Society in 2009, Vin Cipolla had founded three companies, presided over the National Park Foundation and been the executive vice president of the National...
View ArticleOpponents and Defenders of MSG Spar at Planning Commission Hearing
Shortly into yesterday's City Planning Commission public hearing on the special permit application for Madison Square Garden—an event that would stretch into the evening—a comparison to Brooklyn’s...
View ArticleW&H Properties Seeks Restaurateur for 1359 Broadway
The ground-floor space at 1359 Broadway, formerly occupied by Kosher Delight restaurant and The Luggage Source, is currently being repositioned as a restaurant space across three levels—ground,...
View ArticleCity Planning Proposes 15-Year Limit for MSG Special Permit
At a meeting yesterday, the City Planning Commission proposed a 15-year term for Madison Square Garden’s application for a special permit to operate an arena of more than 2,500 seats. The proposal,...
View ArticlePresidio/Blue Water Merger Spurs New One Penn Plaza Lease
IT-solutions firm Presidio Networked Solutions has signed a long-term, 14,106-square-foot lease at One Penn Plaza following its acquisition of BlueWater Communications LLC. The two firms will move...
View ArticleChristine Quinn Calls for 10-Year Permit for MSG
City Council Speaker and mayoral candidate Christine Quinn has announced her support for a new Penn Station in a letter to Madison Square Garden President and CEO Hank Ratner, suggesting the Garden be...
View ArticleValueOptions Takes 19,100 SF in Relocation to One Penn Plaza
ValueOptions has signed a 10-year, 19,100-square-foot lease for a portion of the 31st floor at Vornado Realty Trust’s One Penn Plaza, The Commercial Observer has learned. The healthcare provider will...
View ArticleSign of the Times: Michael Kimmelman on Madison Square Garden
Earlier this year, Michael Kimmelman, the chief architecture critic at The New York Times since 2011, wrote a column addressing Madison Square Garden’s request that its special permit to operate an...
View ArticleSpoiled Sports: NASCAR Isn’t the Only Venue to Bite Dust
Last week, the International Speedway Corporation sold a Staten Island plot of nearly 700 acres for $80 million, bringing a close to a saga in which the organization had promised to bring an...
View ArticleGarden Party: MSG Unveils Transformation
After three years and $1 billion, Madison Square Garden officials today unveiled the third and final phase of the arena’s transformation, a spectacular attempt to blend the venue's rich history with...
View ArticleCheck Out Newly Renovated Madison Square Garden
Yesterday, Madison Square Garden debuted the third and final phase of the arena's three-year transformation process to the media. The Commercial Observer was on hand to view all of the latest additions...
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