NY Observer > Empire State Building http://www.observer.com/taxonomy/term/24717/feed Articles from Observer.com en Malkin Has Grand $660 M. Plan for Empire State Building http://www.observer.com/2008/huge-overhaul-planned-empire-state-building

$660 million, please.

The owner of the Empire State Building has a tall order -- a $660 million loan to renovate New York City's tallest building, according to a Bloomberg News article published in today's Boston Globe.

The idea, according to developer Peter Malkin, is to make the 102-story Art Deco masterpiece, long home to small tenants, more attractive to larger (and presumably more lucrative) ones.  read more »

]]> http://www.observer.com/2008/huge-overhaul-planned-empire-state-building#comments Real Estate Empire State Building Peter Malkin Tue, 06 May 2008 10:57:35 -0400 Dana Rubinstein 68786 at http://www.observer.com It's So On! Brokers to Battle On Stairs of Empire State Building http://www.observer.com/2008/its-so-brokers-battle-stairs-empire-state-building

Time to ready the oxygen tanks: Commercial brokers are planning to race up 86 floors of the Empire State Building.

Come Feb. 5, an Empire State Building spokeswoman tells us that the city’s biggest brokerages will square off with each other as part of the building’s annual “Run-Up,” with Jones Lang LaSalle, Cushman & Wakefield, CB Richard Ellis, Studley and Newmark Knight Frank each planning to send at least one team of five runners (team names include the “Sub-Primers” and “Victoria’s Secret”).  read more »

]]> http://www.observer.com/2008/its-so-brokers-battle-stairs-empire-state-building#comments Real Estate CB Richard Ellis Cushman & Wakefield Empire State Building Newmrk Knight Frank Studley Thu, 31 Jan 2008 10:44:30 -0500 Eliot Brown 64359 at http://www.observer.com Empire Eid http://www.observer.com/2007/empire-eid

Take a gander of the city's tallest building this evening if you can. For the first time ever, the Empire State Building will be lit up for an Islamic holiday. In this case, the color's green and the holiday's Eid-al-Fitr, which marks the end of Ramadan.

]]> http://www.observer.com/2007/empire-eid#comments Real Estate Empire State Building Islam Thu, 11 Oct 2007 18:08:45 -0400 Tom Acitelli 58782 at http://www.observer.com The Afternoon Wrap: Friday http://www.observer.com/node/35977
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  • Restoration heroes Beyer Blinder Belle are fixing up the Empire State Building: uncovering the lobby's gold-and-silver "celestial sky" ceiling mural. But, of course, the original lighting will be replaced by "modern, energy-efficient fixtures" [Interior Design]
  • Tragically, Brooklyn bars are now officially over-packed: "Manhattanites are actually commuting to our fair borough to party in Boerum Hill, Park Slope, Prospect Heights, and Williamsburg." [Brooklyn Record/Time Out NY]
  • Speaking of Park Slope: Residents turned out in droves last night to bemoan plans [above] for bicycle lanes: "There is no way in hell there is going to be a bike lane on Ninth Street," a charming Sloper screamed before the meeting started. Why? "A bike lane would interfere with double parking." [Curbed]
  • The neighborhood isn't as hip as it was in the Truman Capote/Norman Mailer days of yore, but Brooklyn Heights' open houses are still a hot ticket. A studio is up for $265,000; a house costs 13 times more. [NY Mag] - Max Abelson]]> http://www.observer.com/node/35977#comments Real Estate Boerum Hill Brooklyn Empire State Building Park Slope Fri, 06 Apr 2007 14:17:25 -0400 Observer Staff 35977 at http://www.observer.com The Round-Up: Tuesday http://www.observer.com/node/35911
    • London group buys East Harlem, East Village properties.
      • [NY Times]
    • New-home sales drop--again--in February, feds say.
      • [NY Times]
    • Anti-Coney Island condos rally set for City Hall.
      • [NY Post]
    • Changes put Empire State Building on tenants' radar.
      • [NY Post]
    • Housing woes roil markets.
      • [NY Post]
    • City tenants to split $1.9 M. settlement.
      • [Daily News]
    • Indy Racing on Governors Island? Maybe.
      • [NY Sun]

      Did we miss any New York City real estate news this morning? Please send along tips and links.

      ]]> http://www.observer.com/node/35911#comments Real Estate Empire State Building Governors Island New York City The New York Times Company Tue, 27 Mar 2007 04:19:33 -0400 Observer Staff 35911 at http://www.observer.com Events for March 24-26, 2007 http://www.observer.com/node/31833 Saturday

      9 a.m. The New York Young Republican Club will hold an all-day political training seminar on topics including grassroots campaigning, mail and Internet techniques, public speaking and the Leadership Institute at Kings College at the Empire State Building, 350 Fifth Avenue at 34th Street.

      Sen. Hillary Clinton holds a fundraiser in Los Angeles.

      Barack Obama campaigns in Las Vegas.

      Sunday

      1:30 p.m. Helen Selsdon, a Brooklyn single mom whose daughter attends PS 29, will host a peace march from Carroll Park in Brooklyn to Grand Army Plaza to mark the fourth anniversary of our invasion of Iraq.

      5:30 p.m. Senator Chuck Schumer and Oregon Senator Ron Wyden will discuss issues from Schumer's book, Positively American: Winning Back the American Middle-Class One Family at a Time, at the Strand Bookstore, 828 Broadway at 12th Street. Monday]]>       http://www.observer.com/node/31833#comments Politics Brooklyn Charles Schumer Empire State Building Leadership Institute Fri, 23 Mar 2007 08:09:40 -0400 Observer Staff 31833 at http://www.observer.com       'Upscale Hotel' For Non-Upscale Area http://www.observer.com/node/35810 The tide of the hot hotel industry in New York City is lifting all sorts of boats, including midtown south's, an area tourists staying in midtown hotels usually visit by accident when trying to find the Empire State Building.

      Brack Capital Real Estate has bought for $31 million a six-story parking garage on the north side of West 35th Street, between Fifth and Sixth avenues, and plans to build a 300-room "upscale hotel." Brack already has a hand in New York projects like 15 Union Square West and The Chartwell House at 1760 Second Avenue.  read more »

      Eastern Consolidated's Brian Ezratty and Scott Ellard repped both Brack and seller Icon Parking. Full release after the jump. - Tom Acitelli ]]>       http://www.observer.com/node/35810#comments Real Estate Brack Capital Real Estate Brian Ezratty Empire State Building Moshe Azogui Mon, 05 Mar 2007 06:49:19 -0500 Observer Staff 35810 at http://www.observer.com       The Afternoon Wrap: Tuesday http://www.observer.com/node/35764
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      • We noted earlier on Tuesday that the day's preliminary work at Atlantic Yards might not be so apocalyptic. And Daniel Goldstein [depicted above by Sarah Sagarin] declares that Ratner's wrecking ball maneuvering is "premature, and a scare tactic used against the eminent domain plaintiff residents" and "a public relations gimmick intended to convince his investors that work is moving forward. Don't be fooled." [DDDB]
      • SHoP Architects' new project m127 (or is it 127 M?) has a facade of brick and cantilevered custom-steel windows. Other perks: the newly built top floors are pushed back 15 feet from the front, and one lucky duplex has a roof deck facing the Empire State Building. [Interior Design]
      • When "small is the new black" is declared in a large font size, you know the declaration has to be true. Especially if Oprah is involved. [Apartment Therapy]
      • What the world needs now is "a new interactive lifestyle center." Luckily, the online rentals behemoth Apartments.com is launching Apartment Living--so New Yorkers can burn more time obsessing over landlords, leases, budgeting, moving, gardening, health, fitness, decorating and entertaining. [Apts/PR]
        • - Max Abelson]]> http://www.observer.com/node/35764#comments Real Estate Atlantic Yards Daniel Goldstein Empire State Building Sarah Sagarin Tue, 20 Feb 2007 12:45:35 -0500 Observer Staff 35764 at http://www.observer.com Renovating and Refilling The "Empty State Building" http://www.observer.com/node/35678 It's Manhattan's grandest symbol, but the Empire State Building has always been a punch line in the real estate world (the Empty State Building. Ha!).

        Well, in a thorough story in The Real Deal, Vanessa Londono runs down just what's happening over on 34th and Fifth.

        The management team of Wien & Malkin is ready to shake down and empty the building to 50 percent vacancy as they upgrade and smooth over those famously rough edges (you know, low ceilings, weird layouts, etc.). The building is in such bad shape that average tenants have less than 2,000 square feet.

        Wien & Malkin--understandably--want to get that number to somewhere around 10,000 to 15,000 feet, and to try to raise rents, which are currently 25 percent below-market, on average.

        The key player in all of this, Anthony Malkin, said he's putting $600 million into the renovations, and he means business. "We're not running a hotel full of one- and three-year leases," he said. "We want higher-credit-quality tenants brought in by higher-quality brokers." - John Koblin]]>         http://www.observer.com/node/35678#comments Real Estate Anthony Malkin Empire State Building Manhattan Vanessa Londono Thu, 01 Feb 2007 09:29:21 -0500 Observer Staff 35678 at http://www.observer.com         Rooftop Diplomacy: Barricades Go Up For Coveted Views http://www.observer.com/node/52983 Some weeks ago, my top-floor neighbors taped a map onto the rooftop door of the Avenue B apartment b  read more »]]> http://www.observer.com/node/52983#comments Style Astroturf Empire State Building L.L. Bean Inc. Williams-Sonoma Inc. Sun, 03 Dec 2006 19:00:00 -0500 Paul Smalera 52983 at http://www.observer.com