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“#Coinbase to create its first NYC office” Coinbase, the San Francisco-based trading platform for bitcoin and other digital currencies, is setting up its first New York office, Realty Check has learned. The much-in-the-news startup, with a market valuation of $85.7 billion based on outstanding shares, went public via a highly anticipated direct listing in April…
“#Luxury condo building success crucial to Manhattan FiDi” The epic conversion of One Wall Street from offices to luxury condos poses a big risk for developer Harry Macklowe, who’s invested $1.5 billion in the landmarked former Irving Bank tower with plans to sell 565 apartments later this year. But there’s also a lot at stake…
“#Two Sigma hedge fund hot new mover and shaker in NYC” Technology-driven hedge fund Two Sigma is in the market for a major space expansion and consolidation that could be worth a fortune to a number of Manhattan landlords. Although it’s rarely in the press, the international, privately held firm boasts $58 billion in assets…
“#Luxe Times Square Edition hotel to reopen June 1” In a surprise happy ending to the city’s most convoluted luxury-hotel saga, the Times Square Edition will reopen on June 1 – even as its skyscraper home races toward foreclosure. It was just last May that the 452-room pleasure palace at Seventh Avenue and West 47th…
“#Schrödinger moving to 1540 Broadway in Times Square” In a welcome boost for the Midtown office market, pharmaceutical software developer Schrödinger Inc. has signed a lease for nearly 109,000 square feet at Edge Fund Advisors’ 1540 Broadway, where it will move from Tower 45 at 120 W. 45th St. The previously unreported deal, smack in…
“#Textile Building at 295 Fifth Avenue to get penthouse” The handsome former Textile Building at 295 Fifth Ave., a century-old monument to the city’s golden age of apparel-making, will soon sport a two-story penthouse addition — among other major changes to prepare the Midtown South property for new life as an wellness- and environmentally-attuned office…
“#3 Times Square set to undergo $25 million revamp” Three Times Square, one of the office-tower quartet that brought commercial rebirth to the Crossroads of the World, opened 20 years ago sporting a handsome design by Fox & Fowle. Now the 30-story tower’s principal owner, the Rudin family, has tapped the same architects, today known…
“#425 Park Avenue tower signs new tenant Hellman & Friedman” In a breakthrough for closely watched 425 Park Ave., global private-equity firm Hellman & Friedman has signed a lease for two full floors — the first new office commitment there in more than two years. The firm will move from Lever House across the avenue…
“#JPMorgan looks to sublet NYC office space: report” JPMorgan Chase is looking to sublet big blocks of office space in Manhattan, Bloomberg News reported on Tuesday, citing people with knowledge of the matter. The bank is looking to sublet just under 700,000 square feet at 4 New York Plaza in the Financial District and more…
“#One Willoughby Square architect is tenant of Brooklyn tower” Architects routinely help developers promote new buildings they designed. But in one notable case, the architects loved their work so much that they decided to move into the striking new tower themselves. FXCollaborative, previously known as FXFowle, is the anchor tenant at JEMB Realty’s nearly-finished One…