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EXCLUSIVE: Construction Loan Locked Down at Minskoff's 51 Astor
The full-block office tower set to rise at 51 Astor Place has closed on a construction loan valued at between $165 and $200 million with Bank of America, a source familiar with the project told The...
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First Tenant Near Signing at 51 Astor
Maverick developer Edward Minskoff is close to bagging his first tenant for 51 Astor Place, the spec office building he is boldly building in Cooper Square without any guaranteed tenants in hand. Hult...
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With 51 Astor, Noho Takes Spotlight
Noho is finally turning into a swan. Being seen as an attractive destination is a drastic change for a neighborhood that was described as the “ugly stepsister of Soho” in a Wall Street Journal article...
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Waiting on a Dream: Betting on ‘Spec’ at 51 Astor Place
The dark glass walls lining 51 Astor Place are modernistic, if not futuristic. Some critics have claimed that its developer’s asking rents, at upward of $115 a foot, are from the future too. Others...
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Former East Village Elementary School to Become Multi-College Dormitory
The East Village is about to gain a 500-bed dormitory that will house students from a number of local colleges, including Cooper Union. An investment group led by Gregg Singer will spend $40 million...
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Gregg Singer Faces LPC, Community Boards Over 500-Bed East Village Dorm
Last month, plans emerged for a 500-bed, multi-college dorm that will rise on the site of the old PS 64 at 605 East 9th Street in Alphabet City. Now, developer Gregg Singer, who leads the investment...
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Three Leases Signed at 30 Cooper Square
Three leases have been signed for a combined 45,500 square feet of space at 30 Cooper Square, according to a release issued by Cassidy Turley. Cooper Union, a privately funded college with...
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Rent Guidelines Board Makes Preliminary Vote to Raise Rents on Stabilized...
Rent-stabilized tenants are going to pay a little more in rent this year. In its first, preliminary vote of the season, the Rent Guidelines Board voted that New York City’s 1 million rent-stabilized...
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Cooper Union Makes Over $50M a Year From the Chrysler Building. But Is It...
In January, when it got out that Tishman Speyer and the Abu Dhabi Investment Council were putting the Chrysler Building on the market, there was a detail that might have escaped notice. They don’t...
View ArticleChrysler Crisis! Is the Famed Skyscraper Only Getting $100M Bids?! [Updated]
When news hit that the Chrysler Building was on the market, market observers speculated that it would get as much as $800 million. It looks like they’re off by a measly $650 million. Since the iconic...
View ArticleChrysler Building Likely to Be Purchased in All Cash
RFR Realty and Signa Holding GmbH—Austria’s largest privately owned real estate company—are expected to acquire the leasehold for the Chrysler Building for $151 million in equity, Commercial Observer...
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