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In December, Young & Rubicam agreed to take over 340,000 sq. ft. or 44 percent of the space at 3 Columbus Circle from landlords SL Green Realty and the Moinian Group. The deal included Young & Rubicam acquiring part of the office space through a condo sale.
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Taconic Investment Partners, Thor Equities and Square Mile Capital planned to develop a 55,000-sq.-ft. boutique office/retail building at 837 Washington Street in the Meatpacking District.
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Extell Development Company plans to deliver One57, a 90-story tower across the street from Carnegie Hall that will combine luxury condominiums on the upper levels with a Park Hyatt Hotel on its first 30 floors. Prices for condo units at the building are reportedly averaging above $6,000 per sq. ft.
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Coach Inc. signed a 600,000-sq.-ft. lease to house its global headquarters at the first office tower of Hudson Yards, a 12-million-sq.-ft. mixed-use development on the Far West Side of Manhattan.
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SL Green and Vornado Realty Trust partnered to recapitalize 280 Park Avenue with a $1.1 billion infusion.
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666 Fifth Avenue, a 1.4-million-sq.-ft. office building, got both a capital infusion from Vornado and a retail condo acquisition offer from the Inditex Group, owner of Zara retail chain.
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Hines is building a 474,000-sq.-ft. office building in the Bryant Park area that should be a perfect fit for media and technology companies.
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Tower III LLC has built The Continental, a 53-story luxury multifamily building at Sixth Avenue and 32nd Street.
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Bank of America renewed its 750,000-sq.-ft. lease at 4 World Financial Center and sold its 49 percent stake in the building to landlord Brookfield Office Properties for more than $225 million.
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SL Green bought a 50 percent stake in 180 Maiden Lane, a 1-million-sq.-ft. office building in Lower Manhattan, in a $280 million deal.
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The Related Cos. unveiled MiMA, a luxury multifamily building a 450 W. 42nd Street. The 63-story building was designed by Arquitectonica and will offer such perks as LEED Silver certification, a private fitness club and a pet spa.
