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OKO Group Locks Down $750M Loan To Redevelop Crown Building
News

OKO Group Locks Down $750M Loan To Redevelop Crown Building

... The developer turning part of Fifth Avenue’s iconic Crown Building ... planned conversion of the upper part of 730 Fifth Ave. Cain provided $450M in mezzanine financing ... flagging in recent years, Doronin told The Wall Street Journal this summer he is hoping the ...

Sep 30, 2019
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Flight From Cities Driving Suburban Rents Higher, Especially In Single-Family Homes
News

Flight From Cities Driving Suburban Rents Higher, Especially In Single-Family Homes

... to Green Street Advisors data reported by The Wall Street Journal. October was the fifth straight month that asking rents in the ...

Nov 11, 2020
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Amazon Could Lease Lord & Taylor's Shuttered Fifth Avenue Flagship From New Owner WeWork
News

Amazon Reportedly Considering Offices At WeWork’s Lord & Taylor Building

... a deal at the famed Lord & Taylor building on Fifth Avenue, The Wall Street Journal reports, citing sources. Amazon could lease the ... leading the redesign of the 650K SF building at 424 Fifth Ave. The building is slated to serve as WeWork's ...

Jul 25, 2019
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Retailers Prepare To Guard Stores Against Looting If Election Protests Erupt
News

Retailers Prepare To Guard Stores Against Looting If Election Protests Erupt

... built protection for the famed "glass cube" Apple Store on Fifth Avenue, has been hired to be on standby by multiple ... keep revenue flowing in during times of social distancing, The Wall Street Journal reports.

Oct 22, 2020
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Facebook Got A Large Discount For Its Mammoth Office At the Farley Building
News

Facebook Got A Large Discount For Its Mammoth Office At the Farley Building

... the tech sector. Amazon's roughly $1B purchase of a Fifth Avenue office building has been similarly hailed as a win ... at their desks in Manhattan as of Sept. 18, The Wall Street Journal reports, citing CBRE data. 

Sep 29, 2020
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Chrysler Building
News

This Week's N.Y. Deal Sheet

... since 2007. *** PR Consulting is taking 20K SF at 100 Wall St., The Real Deal reports, moving from 304 Hudson St ... part of 16th floor. The company is moving from 650 Fifth Ave. *** Alternative investment management firm Orion Resource Partners and global ...

Sep 18, 2018
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Eastgate Topshop
News

Arcadia Group To Shutter All U.S. Topshop And Topman Locations

... proves impossible, the company will begin shutting them down, the Wall Street Journal reports. With that eventuality in mind, the company ... opened the 40K SF store in late 2014, opposite Saks Fifth Avenue. Arcadia's bankruptcy is the latest in a growing ...

May 24, 2019
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Retail Real Estate Could Be Approaching Its Own Eviction Crisis
News

Retail Real Estate Could Be Approaching Its Own Eviction Crisis

... proceedings against their tenants at the earliest opportunity, The Wall Street Journal reports. Many tenants have been able to ... Whitman Family Development has launched eviction proceedings against Saks Fifth Avenue, a tenant at the Bal Harbour Shops retail ...

Sep 01, 2020
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A rendering of Tower Fifth, the proposed supertall in Midtown Manhattan from Harry Macklowe
News

The Latest Supertall Pitched For Manhattan Is 1,551 Feet Tall And Will Have A See-Through Slide

... streets for what he is calling “Tower Fifth,” which, at 1,551 feet, it ... official height of 1,776 feet. Tower Fifth would be 12 inches taller than Extell ... -dollar office-to-residential conversion at One Wall Street. His public divorce proceedings were also ...

Jan 22, 2019
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Kushner Cos. Buys Maryland, Virginia Apartment Portfolio For Over $1B
News

Kushner Cos. Buys Maryland, Virginia Apartment Portfolio For Over $1B

... and Virginia for $1.1B from Lone Star Funds, the Wall Street Journal reports.  The deal represents the largest acquisition in ... for a 99-year ground lease of its troubled 666 Fifth Ave. tower in Manhattan. The  deal allowed the Kushner family ...

Feb 22, 2019
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