Kensico Puts 30K SF on Market in Plaza District

509 Madison Avenue (Photo: CoStar).

Kensico Properties is looking to fill 30,000 square feet of space of its Art Deco office building, Commercial Observer has learned.

Sam Seiler and Arkady Smolyansky of CBRE are marketing 509 Madison Avenue, which has 160,000 square feet of leasable space in total. The 85-year-old building sits at the corner of East 53rd Street. A Read More

Cuomo Announces Plans for New LaGuardia Airport

An American Airlines jet taxis on the runway of LaGuardia. (Photo by Bruce Bennett/Getty Images)

Gov. Andrew Cuomo, accompanied by Vice President Joe Biden, announced bold plans to replace LaGuardia Airport in its entirety on this afternoon, tearing down a hodgepodge of dilapidated terminals that Mr. Biden has famously compared to a third-world facility with a single integrated terminal linked to train and ferry service.

Mr. Cuomo, speaking at a lunch Read More

Brand Strategy Advisor Renews in Flatiron District Building

30 West 24th Street (Photo: CoStar).

Aruliden, a consulting firm that focuses on brand strategy and product design, is keeping its full-floor lease at 30 West 24th Street in the Flatiron District, Commercial Observer has learned.

The company, which has done work with BMW, Microsoft and Budweiser, has inked a nine-year renewal for 5,625 square feet on the ninth floor, according Read More

Blackstone Sells Office Portion of NYT Building for $516M

229 West 43rd Street

Atlanta-based Columbia Property Trust has agreed to buy the office condominium at The New York Times Building, or 229 West 43rd Street, and is seeking a $300 million bridge loan to finance the purchase.

The real estate investment company announced it would pay $516 million for the 345,701-square-foot condo comprising more than half of the Read More

Will the Ground Zero Arts Center Ever Happen?

Ground Zero, June 2011 (Photo: Port Authority).

At least six years after Mayor Michael Bloomberg began calling for the Lower Manhattan Development Corporation to be disbanded, the much-maligned entity responsible for redeveloping the area around Ground Zero has dropped yet another ball: now it may not even build the arts center that was long promised as part of the redevelopment.

At a Read More

It’s Been a (Pretty) Good Year When It Comes to LGBT Real Estate

The Stonewall Inn.

This week, the Bea Arthur Residence—an 18-bed homeless shelter for LGBT youth—announced that renovations would be completed in 2016, the most recent item of good news for the LGBT community, which has finally been getting the recognition and real estate it deserves of late.

Most notably, last month the Stonewall Inn was designated a New York City landmark in a Read More