Regions Northeast | New York
$660M Sought for Empire State Building Makeover
May 5, 2008

The Empire State Building will get a massive makeover if Peter Malkin, chairman of  Wien & Malkin, has anything to do with it. According to a Bloomberg article, Malkin, who heads Empire State Building Associates L.L.C., the controlling entity of the 1.7 million-square-foot tower in Midtown Manhattan, is calling on fellow principal owners to scurry up financing to fund the celebrated 102-story 77-year-old skyscraper's renaissance.


 
Recent New York Headlines
New York Housing Agencies Approve $329M to Build, Renovate Affordable Housing
July 24, 2008
New York--The boards of the New York State Housing Finance Agency (HFA) and its subsidiary, the New York State Affordable Housing Corp. (AHC), recently approved more than $317 million in financing to build and preserve 278 units of affordable housing in all five boroughs of New York City.
Delitsky Robert ING Sells Roosevelt Raceway Center on Long Island for $103M
July 24, 2008
ING Clarion Partners L.L.C. has sold the Roosevelt Raceway Center in Westbury, N.Y. The New York office of Holliday Fenoglio Fowler L.P. announced the finalization of the $103 million sale and arranged financing, representing the buyers, the Mattone Group and Gartenstein Properties, who put up $32.3 million in cash. The property consists of 427,000 square feet of retail stores and condominiums. The deal also included a $70.7 million fixed-rate loan from New York Community Bank.
Corning Reaches Agreement to Sell Steuben
July 24, 2008
Corning Inc. has reached an agreement to sell its Steuben Glass Division to Steuben Glass L.L.C., a newly formed affiliate of Schottenstein Stores Corp.
Root Capture Leases Industrial Space in Brooklyn
July 23, 2008
Kalmon Dolgin Affiliates arranged a 20,000-square-foot lease for Root Capture Inc. at the property located at 131 North 14th Street in the Williamsburg neighborhood of Brooklyn, N.Y.
NYC Office Snapped Up for $146M
July 22, 2008
The 274,000-square-foot office building at 180 Madison Ave. in Manhattan has officially come under new ownership, courtesy of a transaction between two New York City-based real estate companies.