Search

Reports that real-estate moguls are buying out landmark skyscrapers in New York City, New York. Factors that led to this trend; Buildings that have been acquired or overhauled; Overview of the bidding wars.

The article presents information on designing and construction of trophy buildings. When the Spector Group designed EAB Plaza for the Dematteis Group in the 1980's, the firm knew the project was not business as usual. The 1 million square foot, 15 storey structure stands head and shoulders above nearly every other building on Long Island in New York. Construction company Richard Meier & Partners designed the Alfonse D'Amato Federal Courthouse at 934 Federal Plaza in Central Islip. Trophy buildings create a lasting first impression. The Omni in Uniondale, designed by Spector and owned by Reckson Associates Realty Corp.; the Tritec building at 100 Motor Parkway.

The article reports on the decision of insurance company Anbang Insurance Group to acquire an office building in New York City from private investment banking firm Blackstone Group.

The article presents information on vacancy rates and rents of top floors in New York City, as assessed by Jones Lang LaSalle Inc.

The article reports that Harry B. Macklowe, owner of Macklowe Properties Inc., has put up the General Motors Building for sale. Macklowe need cash quickly to help pay back about $7 billion in loans for his purchase of seven Manhattan office towers in 2007. Earlier, Macklowe tapped CB Richard Ellis Group Inc. to market the prestigious tower, at Fifth Avenue and East 59th Street, New York City, which he bought in 2003 for $1.4 billion.

Reports on the negotiation about the occupancy of Bear Stearns Cos. at Metro Tech building in Brooklyn, New York City. Question to the rate of rent; Terms of the commercial lease deal; Research work for potential landlord by the commercial tenant.

Reports the negotiations between businessmen Scott Landis and David Welsh to buy an office tower in New York City. Decision of Westbrook Real Estate Partners and Stellar Management Co. for the final offer of the building; Grant of contract to buy the property; Number of bidders for the building.

The article reports on peak prices for trophy office buildings located in New York City, based on data published by commercial real estate services firm CBRE. The prices are said to be comparable to property rates recorded in 2007. According to CBRE vice chairman Darcy Stacom, factors such as the increase in property values, demand, and institutional funds have contributed to said high rates. A chart listing information on Class A/Trophy transactions for the first half of 2013 is also offered.

The article reports on SL Green Realty Corp.'s implementation of an energy-savings program at 1515 Broadway, a trophy office building in New York City that is also the headquarters of media company Viacom. It mentions the installation of light-emitting diode (LED) lights in places that require constant lighting, such as mechanical areas and stairwells. To achieve real time energy management, the company also installed a web-based energy monitoring and management system.

Focuses on the challenges faced by E-J Electric Installation Co. and Barbizon Lighting in installing electrical fixtures at the Rose Earth & Space Center in New York City. Phases of the project; Details of the electric networking requirements of the facility.

The article focuses on the new level of momentum gained by the market for commercial mortgage-backed securities (CMBS) in New York City in 2013. According to research firm Trepp, $12 billion dollars were issued by the lenders in CMBS as part of 235 loans in the city. It adds that the deal underwritten by Goldman Sachs and German American Capital Corp. is being considered as evidence of health of the CMBS market.

Reports on the event held by SenArt Films to recognize the films "The Fog of War" and "The Station Agent" in New York City. Actors who attended the event; Oscar honors received by "Fogs of War".

Discusses the presentations of Pulitzer Prize-winning history author David G. McCollough and Madeleine Albright, Clinton administration Secretary of State, at the Special Libraries Association conference in New York City in June 2003. Quote from Jane Austen, used in the opening remarks of McCollough; Topics discussed by Albright in her speech; Criticism of the selection of speakers for the event.

The article explores the contribution of trophy buildings in New York City's Manhattan to gains seen in its rental rates over the past years, which was disclosed by the 2012 Skyline Review for New York by Jones Lang LaSalle. The review also noted that the city continues to see pricing disparity with Manhattan prices averaging 95.39 U.S. dollars per square feet in February 2012. Jones Lang LaSalle's John Sikaitis revealed that class-A properties vacancy saw a decline in 2011.

Information about the meeting of supporters of International Corrugated Packaging Foundation (ICPF) on December 7-9, 2007 in New York City. It stated that supporters gathered to socialize, network, and enjoy the best that the city had to offer for the holiday season. Many of the reception participants got a peck at the year's Heisman Trophy, which was given to University quarterback Tim Tebow.

The article announces the first-place 2015 National Gold Award for Best Redesign of a Trade Publication given to the periodical by the American Society of Business Publication Editors at their annual awards event held in New York. It informs that the magazine has been also selected as a finalist for the Magazine of the Year in 2015 at the same event. It also informs about the periodical's 2015 Portfolio Awards given to retailers for their design.

Discloses the dispute between New York, New York-based football club Downtown Athletic Club and its largest creditor 18 West. Creditors' lack of plans to commandeer the Heisman Trophy from the club; Possibility for the property to be sold in an auction.

The article reports on the opening of the all-sports facility, the Sports Museum of America (SMA), in New York City in May 2008. The building will serve as the permanent home of the Heisman Trophy and the new Billie Jean King International Women's Sports Center. In addition, four themed galleries tell the stories of sports' dreamers, the Olympics, barrier breakers, and weekend-warrior sports through athletes' personal artifacts, interactive experiences and other displays.

The article reports that Gallagher & Associates is nearing to complete the design of 22,000 sq. ft. of interactive exhibits for the new Sports Museum of America, scheduled to open in 2008 in Lower Manhattan. The exhibits will celebrate more than 150 years of sports history in the U.S. The $93-million Sports Museum of America will showcase a wide variety of sports and will include such memorabilia as college football's Heisman Trophy. Beyer Blinder Belle is the architect for the project.

The author discusses the move of the Barons of Wall Street wherein they expend profusely on themselves even if their firms keep its benefit from the government bailout measures.

Reports on the increase of the demand of Class A office buildings in New York City. Factors influencing the rise on the profitability of several real estate firms in the city; Assessment on the lifestyle of various individuals; Expansion on the level of competitive advantage.

The article reports on the renewal of the 10-year lease of Korea-based Hana Bank on its 7,318-square-feet office space at the 650 Fifth Avenue building in New York City. It focuses on the statement of Houshang Ahmadi, managing partner of the building owner on the negotiation of the lease renewal, commitment of the company to the retention of tenants and provision of quality services.

Reports on Malaysia's Renong Group's bid for New York's Rockefeller Center. Loss incurred by the Mitsubishi Estate on the property.

Focuses on the corporate headquarters of AOL Time Warner Inc. in Manhattan, New York City. Bid of developer Related Cos. for the site; Estimated expenses of the company on the purchase price; Observation of investors on the value of AOL shares.

Reports on the sale of New York's Helmsley Palace Hotel last December 1993. Reason for decision to sell; Sonnenblick-Goldman Co. and Eastdil Realty as real estate agents; Renaming of hotel; Actions leading up to the sale; Royal family of Brunei as buyer.