Douglas Durst: Bernard H. Mendik Lifetime Leadership Recipient
It’s not often a developer can affect the lexicon, but this year Douglas Durst and the Durst Organization have helped do just that. For the past 10 years, the giant hole next to West Street has been...
View ArticleThe Power Generators: Douglas and Jody Durst on Generating Their Own...
Douglas and Jody Durst of the family-owned Durst Organization are well known in the real estate industry for their firm’s progressive stance on environmentally sustainable building practices. Last...
View Article9 West 57th Street, Others Across Fifth, Command Highest Rent in Manhattan
The Madison/Fifth Avenue submarket has the most expensive office space in Manhattan and the highest vacancy rate in Midtown, as the owners of its trophy buildings hold out for top-dollar rents. “The...
View ArticleThe $200 Club: Triple Digit Leasing Activity Shifts into High Gear
Some were surprised, to say the least, when news spread last month that Brazil’s Banco Itaú had agreed to pay upward of $200 per square foot for a 35,000-square-foot space on the 50th floor of the...
View ArticleDouglas Durst/LEED Defend BOA Tower’s Efficiency
Earlier this week, The Commercial Observer reported on an article that appeared in New Republic, which questioned the energy efficiency of the Bank of America Tower, also known as 1 Bryant Park....
View ArticlePowa Technologies Takes First U.S. Office
Courtesy of Construction.com Powa Technologies will open its first office in the United States. The international commerce company that specializes in technologies that integrate physical and digital...
View ArticleDouglas Durst Talks Queens, Midtown and WTC
DURST IN SHOW: Douglas Durst has many irons in the fire. (Arman Dzidzovic/Commercial Observer) It took years. It took wrangling from all sides. They brought in the best dealmakers in the business. But...
View ArticleInvestment Advisory Firm Subleases at 1 Bryant Park
1 Bryant Park (Photo: CoStar). Melkonian Capital Management is relocating from 1120 Avenue of the Americas to 1 Bryant Park, a source with knowledge of the deal told Commercial Observer. The New...
View ArticleThe Plan: 5 Bryant Park Gets a Little ‘Edgy’
With glassy and sleek newcomers like 7 Bryant Park and 1 Bryant Park, it may be intimidating for a gritty 1958-building like 5 Bryant Park to compete for the cool tenants (like, say, the technology,...
View ArticleJB&B’s Scott Frank Talks Engineering Trends, 1 Bryant Park and Innovations at...
Scott Frank, a partner at the 102-year-old engineering firm Jaros Baum & Bolles, also known as JB&B, has worked for just one company since graduating with a masters degree in engineering from...
View ArticleThe Plan: After Losing U.S. Bank, SL Green Is Renovating 461 Fifth Avenue
One could call this a $20 million case of keeping up with the Joneses. When U.S. Bank signed a 68,000-square-foot deal to relocate its offices this October from SL Green Realty Corp.’s 461 Fifth Avenue...
View ArticleBank of America Expands Bryant Park Campus With Grace Building Lease
Bank of America is upping its presence in the area surrounding Bryant Park in Midtown after reportedly agreeing to take 127,000 square feet of office space at the Grace Building at 1114 Avenue of the...
View ArticleOffice Air Filtration In the Spotlight as Workers Trickle Back
“Sometimes,” The Hollies sang, “all I need is the air that I breathe and to love you.” Well, commercial real estate people can’t help with the latter, but they are fairly obsessed with the former....
View ArticleAlternate Investment Firm, Pharma Company Ink Deals at 452 Fifth Avenue
An alternate investment firm and a pharmaceutical company signed leases at Property & Building Corporation’s 452 Fifth Avenue, Commercial Observer has learned. In the largest deal, HBK Capital...
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