Clik here to view.
The Macklowe Selloff: What Happened to Harry’s Buildings
Good-bye to all that. Last week’s news that a deal had been cut for the sale of Worldwide Plaza marks
View ArticleClik here to view.
Payment Due! Class A Midtown Loans
As conditions in Manhattan’s commercial market grow grimmer, one question continues to dog investors: Where’s the debt and how can
View ArticleClik here to view.
Worldwide Potential
When Worldwide plaza was completed in 1989, the West Side conjured thoughts of West Side Story, not high-end office space.
View ArticleClik here to view.
Macklowe Guns to Take Back 510 Madison
Harry Macklowe—the self-made real estate tycoon whose ill-fated $7 billion 2007 purchase of a portfolio of New York skyscrapers rendered
View ArticleClik here to view.
Places, Everyone! The New Development Boom Is About to Start
Thick black slabs of plywood encase what some call North America’s most valuable development site. The location of the onetime
View ArticleClik here to view.
Price Hike for Prewar Park Avenue Condos
A Park Avenue co-op may be the ultimate in old New York style, but what happens if you don’t want
View ArticleClik here to view.
Former Sales Chief Richard Wallgren Cashes Out of 15 CPW
Given that 15 Central Park West has made headlines for its record-setting sales (and, lately, some unrealistic asks), it’s good
View ArticleClik here to view.
Austerity Measures: Wife of Former Lazard Captain Shifts from Greenwich Manse...
With her 19,000 square foot mansion in Greenwich sold, it should come as no surprise that Cynthia Biondi—the wife of
View ArticleClik here to view.
Almost 740 Park: A Look at the Penthouse Across the Way
Since its 1940 construction on the corner of East 71st Street, 737 Park Avenue has stood roughly eye-to-eye, if not quite toe-to-toe, with 740 Park, the Rosario Candela-designed co-op that went up...
View ArticleClik here to view.
Even More Bling: Jacob the Jeweler Picks Up Another 432 Park Pad
Perhaps he needed larger accommodations for all the jewels
View ArticleClik here to view.
The Upper East Side Is Making Up for Lost Time With These Luxurious New...
The details on the most new and noteworthy new developments coming up in the Silk Stocking District.
View Article432 Park Makes Splashy Debut With a Third Of Its Units Already In Contract
How does one describe a luxury housing market where a tower can sell more than a third of its units
View ArticleClik here to view.
City Deeds Suggest a Finished GM Building Deal
Early on Tuesday afternoon, Mort Zuckerman told a REBNY luncheon that he and his partners were closing on the approximately $2.8 billion purchase of the GM Building "as we speak." At 4:38 p.m., a deed...
View ArticleClik here to view.
Billy Macklowe Officially Takes Charge of Macklowe Properties
In the wake of his father Harry’s near disastrous over-leveraging of the family business, Billy Macklowe has officially been named Macklowe Properties’ new chairman and CEO. He has been working with...
View ArticleClik here to view.
Deutsche Sues to Foreclose on Macklowe’s Drake Hotel Site
Hot damn! The Real Deal is reporting that Deutsche Bank is suing Macklowe Properties "to foreclose on $482 million in principal loaned to develop the Drake Hotel site at Park Avenue and 56th Street,...
View ArticleClik here to view.
Macklowe Further Consolidates Control Over Drake Hotel Site
A Macklowe Properties-affiliated company has paid $5.35 million to buy out a lease at 38 East 57th Street, further consolidating control over the site where the family-owned firm has long planned to...
View ArticleClik here to view.
$224 M. Drake Hotel Site Mortgage Up For Sale
In an apparent effort to raise cash, the struggling iStar Financial has put its $224 million Drake Hotel site mortgage on the block, according to a knowledgeable source. “They’re a mortgage REIT and...
View ArticleClik here to view.
The Penthouse at 432 Park Just Sold for $87.66 Million
There has been talk about the penthouse at the very top of 432 Park Avenue for a while now. The condo is located on the 96th floor of the tower, and it went into contract in 2013 with a reported price...
View ArticleClik here to view.
There Is No Escaping the Evening Light Show at 432 Park
It is almost impossible to live in New York and not spot 432 Park towering over the skyline. You know, with it being the tallest residential building in the western hemisphere and all. But just in...
View ArticleClik here to view.
The Top 15 Residential Real Estate Sales of 2016
If 2015 was the year of One57, it seems 2016 shifted a few blocks away, to 432 Park Avenue. The most expensive sale of the year goes to the penthouse at Macklowe Properties and CIM Group’s 432 Park...
View Article
