The Last Citadel: Central Park's Gated Community Nearly Complete
On an August morning in 2008, to celebrate the 150th anniversary of Central Park, crowds lined up for hours to take a ride in a hot-air balloon 30 stories above the park’s southern end. Soaring above...
View ArticleBuilding Expectations: The Next Big Construction Sites
Across the city, hundreds of hammers are poised midair. Many believe that development will be frozen for years to come. But while the sight of New York City’s 600 stalled construction projects is...
View ArticleWho’s the Biggest REIT in Town?
From his perch onstage at the Pierre Hotel last Thursday, Bill Ackman looked down his nose on REITs. “You can make more money on a single real estate deal than as a REIT,” he said at the 16th annual...
View ArticleVornado’s Port Authority Tower Low on Gas
Running late... just like the buses inside. (PANYNJ) It has now taken Steve Roth a dozen years and almost as many extensions to keep his plans for a tower atop the Port Authority Bus Terminal alive....
View ArticleInterminable Debate Over Vornado’s Terminal Tower
What a long, strange trip it's been. (Forbes) Sunday came and went, and still there is no deal for Vornado’s Port Authority Bus Terminal tower. It has been a dozen years since Vornado was tapped to...
View ArticleVornado’s Steve Roth ‘Still Remorseful’ About Losing Equity Office to...
A remorseful Roth. (Getty) Jonathan Gray, Blackstone’s wizard of real estate, has spent billions buying up distressed assets during the downturn, including his brand-new bid for some of Bank of...
View ArticleVornado's 15 Penn Skyline Buster on Hold
Vacancies abound. (Vornado) All that agita for nothing. After fighting the bullish Steve Rothto save the Empire State Building’s spot on the skyline, Tony Malkin has won a reprieve—thanks to the...
View ArticleFederal Reserve Takes 33 Maiden Lane
The Federal Reserve of New York has stepped in to buy 33 Maiden Lane, a 570,000-square-foot downtown skyscraper that the Fed uses for a portion of its Manhattan offices. “The Federal Reserve Bank of...
View ArticleConstruction Attorney Warns, Developers need to Get off the Sidelines and do...
He’s the Cassandra of the construction industry, the rabble-rouser of rubble. Attorney Barry LePatner, founder of LePatner & Associates LLP and author of construction shock books Too Big to Fall:...
View ArticlePenson Expands and Renews at 1 Penn
Penson, a financial services company, has expanded and renewed its lease at 1 Penn Plaza, the company’s brokers have told The Commercial Observer. One Penn Plaza. (Courtesy Property Shark) The firm...
View ArticleVornado’s Steve Roth Sells West Village Loft for Four Times What He Paid
The West Village, 1999. The meatpackers have all but left the nearby cobblestones, but a savvy buyer can still pick up a sprawling, newly-converted industrial loft for a little over a million bucks....
View ArticleRobert A.M. Stern’s Limestone Skyscraper at 220 Central Park South Poised to...
Leave it to Stern to design a limestone skyscraper. After waiting for nearly a decade to develop its property at 220 Central Park South, tussling first with the residents of the existing building on...
View ArticleStern vs. Stern: Robert A.M. to Design Dueling Limestone Luxury Towers
220 Central Park South, a Vornado development. Mon dieu! Within months of one another, two of New York’s biggest developers have unveiled plans for limestone luxury towers, designed by the same...
View ArticleThe Sun Also Sets on Manhattan’s Bookstores
No dicks allowed at the Rizzoli Bookstore. (Photo: Garrett Ziegler/Flickr) Perhaps the comparison to Jake Barnes is a little ironic, since massive skyscrapers–the quintessential phallic symbols–seem to...
View Article‘Liar’s Ball’ Excerpt: How $7 Billion Changed Hands in Five Days
The GM Building which, in 2007, was the prized jewel of Harry Macklowe’s real estate portfolio (Photo by Mario Tama/Getty Images) My new book tells of the tragic rise-and-fall of New York real estate...
View ArticleBrick-and-Mortar Amazon Store? Company Signs 17-Year Lease On NYC Space
It looks like Amazon is definitely moving into 7 W. 34th St., but it’s still unclear whether they’ll be opening
View ArticleCuomo KO’s Christie in Port Authority Bout
With a new all-male, all-white board, NY schools NJ, outmaneuvering Garden State at every turn
View ArticleBernie Madoff’s Former Hamptons Home Is Back for $21 Million
Steve and Daryl Roth are selling the house because they already own two East Hampton retreats.
View ArticleKen Griffin’s $238 Million Penthouse Is Now the Most Expensive Home Sale in...
The billionaire hedge-funder finally closed on his 220 Central Park South spread.
View ArticleRon Johnson Killed J.C. Penney—But He Has Become One of the Brightest Minds...
Ron Johnson's tenure as CEO of J.C. Penney was arguably the biggest retail disaster in history. But now, he's back.
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