Regions Northeast | New York
Esopus Creek Value,  Syms Shareholder, Demands Disclosure of  Development Intentions for 42 Trinity Place
April 29, 2008

Esopus Creek Value L.P., a shareholder that owns approximately 3.76 percent of Syms Corp., has announced that it sent a letter to the Syms Corp. demanding they disclose the development intentions for 42 Trinity Place in Lower Manhattan. Esopus stated in the letter that Syms Corp. filed an executed zoning lot development agreement with the City of New York and declared its intention to develop the 42 Trinity location in conjunction with the developmental air rights it also purchased. Esopus further stated that the zoning lot development agreement has been in place for four months but the company has failed to disclose such agreement to its minority shareholders.

 
Recent New York Headlines
CBRE Promotes Reicher to Vice Chairman
Aug. 06, 2008
CB Richard Ellis said today that Craig Reicher, a 21-year commercial real estate veteran, has been promoted to vice chairman, joining the ranks of the firm’s executive leadership in the New York Tri-State Region.
ADT Security Leases 14,000 SF in New York City
July 30, 2008
CB Richard Ellis arranged a 14,000-square-foot lease on behalf of ADT Security Services at 229 West 28th Street in Manhattan, N.Y.
Manhattan Commercial Leases Office Space to 5 Firms in New York City
July 29, 2008
Manhattan Commercial Realty leased office spaces in New York City to five separate companies, the firm announced.
NY Palace New York Palace, Hotel Bel-Air Come Under Dorchester Domain
July 29, 2008
London-based luxury hotel group Dorchester Collection, owner of such iconic properties as the Beverly Hills Hotel and Hotel Plaza Athénée in Paris, has brought two additional legendary assets under its umbrella with the attainment of contracts to manage New York City's renowned New York Palace Hotel and the tony Hotel Bel-Air in Los Angeles.
nyc Eye on NYC: Developers Press Ahead with Massive Projects
July 28, 2008
Developments that will reshape the Manhattan skyline continue to move forward by fits and starts. A joint venture of Vornado Realty Trust and affiliates of Lawrence Ruben Co. won a six-month extension on a deadline that is central to plans for a 1.3 million-square-foot office tower that would rise above the Port Authority Bus Terminal in Midtown Manhattan. Port Authority of New York and New Jersey, granted the extension to allow the joint venture, 20 X Square Associates L.L.C., to wrap a 99-year lease for redevelopment of the terminal’s north wing. The extension will also allow for a transaction to lease, renovate and manage retail space in the terminals' south wing.