Connect with us

Roundup

Real Estate Roundup 3.6.20

36 East 57th Street (Credit: LoopNet)

Real Estate Roundup:

Leasing

  • High-end retailer Beauvais Carpets has signed an 18,342-square-foot lease at 36 East 57th Street in Midtown. The 10-year lease covers the entire second floor of the newly built property located at the base of supertall 432 Park Avenue. Asking rent on the deal was $115 per SF. Nice showroom space on Billionaire’s Row. (CO)
  • After clothing and accessories retailer Kenneth Cole sold its headquarters at 707 Eleventh Avenue to SL Green for $90 million in January, the fashion house has leased a floor back from its new landlord. KCP Holdco, Kenneth Cole’s holding company inked a 10-year deal for 37,169 square feet. (CO)

Politics

  • Taconic Partners, Maddd Equities, Con Edison and the Shermans Creek Development Corporation are filing an amicus brief with the Appellate Division of the New York Supreme Court supporting the city’s effort to reinstate the Inwood rezoning. (TRD)
  • Landlords aim to keep offices squeaky clean as coronavirus spreads… New York City’s Department of Health and Mental Hygiene is advising property owners and managers to continue routine cleaning with disinfecting products such as Clorox and Purell, but is developing more extensive guidance as well. (TRD)

New to the market 

Brookfield and Blackstone are weighing a sale of One Liberty Plaza at 165 Broadway in FiDi. The partners are seeking around $1.6 billion to $1.7 billion from a full sale of the tower, which consists of more than 2.3 million SF of office space. 

  • Flashback: Blackstone acquired a 49% stake in the building from Brookfield in late 2017 in a deal that valued the tower at $1.5 billion. (Bloomberg)

Regency Centers is putting the former downtown home of Barney’s at 101 Seventh Avenue on the market for around $50 million. The 51,942-square-foot spot in Chelsea consists of an office and retail condo in the base of an apartment building. (NYPost)

Other news 

A first look inside the Waldorf Astoria, completely overhauled for luxury condos… The vast majority of the residences, which start at around $1.7 million, will be studio, one-bedroom and two-bedroom units — a calculated decision on the part of the developer given sales have launched during a significant glut in the city’s luxury market, particularly for larger trophy homes asking tens of millions of dollars. (NYPost)

Continue Reading
To Top