Not deviating from Swiss stereotypes regarding any matter politically charged, Piaget SA, the maker of gold and diamond-encrusted watches, has disavowed any connection to the 36-story office tower that bears its name. “Piaget the brand is not affiliated with this,” said spokeswoman Karen Blum in an email—“this” referring to the address 650 Fifth Avenue.
The tower Read More
What’s a broker to do when he finds himself in the pay of Tehran?
That’s the question now facing real estate brokerage Jones Lang LaSalle, following the revelation that a skyscraper in New York’s most exclusive office market belongs to a shell company that, in turn, belongs to the Iranian regime, according to a Nov. 12 Read More
On a dreary Friday morning at 650 Fifth Avenue, a day after the U.S. government announced it would seize the building because of ownership links to Iran, it was just another day at the office. Most employees who worked there had little reaction to the seizure, and no one reported anything unusual about the building. Read More
Citigroup, Joseph Abboud, Kurt Salmon Associates, Pali Capital, and the Liz Claiborne Art Ortenberg Foundation are just a few of the bold-faced names who may have been paying rent to the Iranian government for their offices in a Fifth Avenue skyscraper, according to real estate sources, the tenants' own Web sites, and a complaint filed Read More
