New York
LargaVista and Related Team Up to Create Mixed-Use Building in SoHo
A former BP gas station and two other derelict buildings at the corner of Houston and Lafayette streets in SoHo, Manhattan, will be replaced by 300 Lafayette, a boutique office and retail building by a joint venture between LargaVista Companies and Related Cos.
Silverstone Sells M-U Apartment Tower in Manhattan for $100M
Owner-developer and affiliate of Madison Realty Capital, Silverstone Property Group has sold 247 E. 28th St., also known as The Grayson, for $100 million.
Brookfield to Start $200M Redevelopment of NYC’s 450 W. 33rd St.
Brookfield Office Properties is giving 450 W. 33rd St. in New York City a $200 million makeover, modernizing it and integrating it with the firm’s $4.5 billion, 7 million-square-foot Manhattan West mixed-use project.
Renovation and Rebranding Announced for Holiday Inn New York City Midtown
The existing Holiday Inn hotel located at 30-32 West 31stStreet in New York City’s Midtown District is set to be converted into a new Hyatt-branded hotel, as Chesapeake Lodging Trust appointed a Hyatt affiliate to oversee the $6 million renovation and rebranding process.
Simon Purchases Two Taubman Properties
Simon Property Group has acquired land in Syosset, N.Y., and a 50 percent interest in Arizona Mills in Tempe from the Taubman Centers for $60 million and 555,150 partnership units in Simon Property Group L.P.
Mashable Signs 38 KSF Lease to Relocate to 114 Fifth Avenue
Mashable, the mega-popular tech and social news blog founded in 2005 by Pete Cashmore—yes, the cool entrepreneur who made it to Forbes’ “30 Under 30” list—stroke a deal with L&L Holding company for 38,580 square feet of space at the newly renovated 114 Fifth Avenue in Midtown South.
Magnum/40 North J-V to Develop Student Housing in Manhattan
The School of Visual Arts, one of the largest independently regionally accredited art colleges in the country, will add a new dormitory building to its campus in the Kips Bay neighborhood of Manhattan.
City of New York Renews, Expands to 233 KSF at Queens Atrium
Not only has the New York City Department of Design and Construction renewed its commitment to its home base at Queens Atrium in Long Island City in Queens, N.Y., the agency has also taken on some more elbowroom.
Dermot Co. Trades 3-Property Upper Manhattan M-F Portfolio
The Dermot Co. Inc. closed 2013 with the disposition of a group of three multi-family properties in Manhattan’s Inwood neighborhood.
After Manhattan’s Banner 2013, Experts Await an Encore
“I think we can cheer about 2013 and feel pretty good about 2014.” That was how Ron Lo Russo, president of Cushman & Wakefield Inc.’s New York Tri-state region, summed up the outlook Tuesday morning at a briefing in Midtown Manhattan.