Architecture review: 35 Hudson Yards is Deconstructivist all grown up

Architecture review: 35 Hudson Yards is Deconstructivist all grown up

Now that 35 Hudson Yards is sufficiently underway, we can safely compare the once-abstract design to the reality rising out of the ground. Like all the buildings at the $25 billion Hudson Yards development, it is a one-off structure, employing many of the devices that make up the regularly (and, perhaps overly) used Deconstructivist style. This new building — which was designed by David Childs of Skidmore, Owings & Merrill — exploits a certain visual […]

The $70B loophole, or: How to turn your mansion into an offshore account

The $70B loophole, or: How to turn your mansion into an offshore account

In the fall of 2016, Roger Ailes was by all accounts a very wealthy man. Fox News had just pushed him out from the company he built over allegations of sexual harassment, but paid him $40 million for his troubles. So he did what many other rich retirees before him have done: he bought a house in Florida. Through a trust, Ailes paid $36 million in cash for a six-bedroom, 12,747-square-foot mansion in Palm Beach. […]

StreetEasy inks lease for 130K sf at Global Holdings’ 1250 Broadway

StreetEasy inks lease for 130K sf at Global Holdings’ 1250 Broadway

Zillow is doubling down on New York City. The Seattle-based listings giant has inked a deal to expand its footprint to 130,000 square feet — up from 53,000 square feet, a spokeswoman for the company confirmed. The company said it had leased five floors at Global Holdings’ NoMad Tower, located at 1250 Broadway. Zillow plans to move from its current digs at 130 Fifth Avenue in the Flatiron District sometime next year. Between its three […]

John Banks clashes with Corey Johnson over commercial rent bill at marathon hearing

John Banks clashes with Corey Johnson over commercial rent bill at marathon hearing

REBNY President John Banks viciously criticized the City Council’s proposal for a controversial commercial rent bill on Monday during a marathon hearing that lasted well into the evening. “This legislation will do nothing to solve the underlying issues behind storefront vacancies,” he said, “and instead would have a catastrophic impact on our local economy.” The bill at issue has been dubbed the Small Business Jobs Survival Act and aims to help the city deal with its epidemic […]

Simon Baron pays $313M for partner’s stake in LIC resi complex

Simon Baron pays $313M for partner’s stake in LIC resi complex

Simon Baron Development bought its partner’s stake in a 467-unit Long Island City residential complex, the second such transaction for the company in the past two weeks. The company acquired a 96.45 percent stake in rental complex ALTA LIC for $313.2 million, according to records filed city on Monday. The property, at 29-22 Northern Boulevard, is a 43-story building that spans 380,700 square feet. Simon Baron jointly owned the property with its frequent collaborator, Miami […]

Grand Central Tech and Milstein’s technology venture plans $52M life sciences hub in Midtown

Grand Central Tech and Milstein’s technology venture plans $52M life sciences hub in Midtown

The Midtown technology campus launched earlier this year by Milstein Properties and Grand Central Tech is looking to get in on the biotech and life sciences craze. Company, the venture the two formed earlier this year to manage Milstein’s 1.1 million-square-foot office building at 335 Madison Avenue, now plans to convert the top 15 floors of a nearby building on East 43rd Street into a $51.8 million life-sciences nerve center, an application for public assistance […]

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