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New York City is home to some of the nation's—and the world's—most valuable real estate. 450 Park Avenue was sold on July 2, 2007, for US$510 million, about $1,589 per square foot ($17,104/m 2), breaking the barely month-old record for an American office building of $1,476 per square foot ($15,887/m 2) set in the June 2007 sale of 660 ...
According to Real Capital Analytics, a New York real estate research firm, more than $160 billion of commercial properties in the United States are now in default, foreclosure, or bankruptcy. In 2024, office leasing volume rose to its highest level since 2020, but roughly 60% of active office leases went into effect prior to the pandemic. [ 5 ]
New York City's Theater District, sometimes spelled Theatre District and officially zoned as the "Theater Subdistrict", [2] is an area and neighborhood in Midtown Manhattan where most Broadway theaters are located, in addition to other theaters, movie theaters, restaurants, hotels, and other places of entertainment.
RXR Realty is a developer of real estate projects which include: Pier 57, Manhattan, New York.In 2014, RXR Realty along with Youngwoo and Associates formed a joint partnership to redevelop the historic Pier 57 in Hudson River Park on the West Side of Manhattan. Construction of the original site began in 1950 and at the time Pier 57 was the ...
The Real Estate Board of New York (REBNY) is a trade association for the real estate industry in New York City. Formed in 1896, it has been dubbed "the leading trade group advocating on policy changes in the real estate industry". Its current president is James Whelan. [1]
Smith & Wollensky is the name of several high-end American steakhouses, with locations in New York, Boston, Chicago, Columbus, Miami Beach, Las Vegas, London, and the most recently opened, Taipei.
In December 2017, New York City-based Seritage Growth Properties, which was formed in 2015 led by Eddie Lampert when Sears Holdings sold 235 of its store properties to Seritage, including the Sears at Valley View Center Mall, in partnership with Dallas-based KDC, announced plans to build two towers with up to a combined one million square feet ...
At the time, the real estate market in New York City was growing, and Equitable had projected that the building would generate $40 million in gross income by 1991. [172] In 1985, Tishman Speyer formed a limited partnership, 1515 Broadway Associates LP, to assume ownership of the building; the partnership's only asset was One Astor Plaza. [173]
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