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Thor Equities

By Daniel Edward Rosen 1/10 8:00am

Leasing Assignments

Colliers

Colliers Named Agent for 245 Fifth Avenue

Brokerage firm Colliers International has been named the exclusive leasing agent for 245 Fifth Avenue, a Midtown South building co-owned by The Moinian Group and Thor Equities.

The 303,000-square-foot Class A building has received pre-build improvements to its mid-level and tower floors, which will have an added emphasis on high-end finishes and glass front offices, the company said in a press release. Sizes for those floors range from 2,000 to 9,000 square feet.

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By Laura Kusisto 12/13/10 6:23pm

Office Deals

German Investors Snap up All Saints Space for $55 M.

A German investment fund has dropped $55 million on the Soho space occupied by racy British clothing store All Saints.

Invesco Immobilien Fonds IV U.S. Partners, a U.S. vehicle for German investors, has bought the 20,000-square-foot, first-floor retail space owned by Thor Equities. The six-story loft building at 56 Crosby Street on Broadway was converted to Read More

By Dana Rubinstein 5/27/10 4:04pm

Coney Island: Spirited Land of Hucksters

Something about Coney Island makes it "the perfect spot to reel in a sucker," writes Kevin Baker, in a masterful article on Coney Island, Joe Sitt and the city's redevelopment project in this week's Village Voice:

Coney Island has always suffered from grandiosity. It is always going to be the next Newport, the next Atlantic Read More

By Guelda Voien 1/05/10 4:40pm

From Second Empire to Second Chance

Lord & Taylor, one of the most successful and enduring department store brands, was known for its female elevator operators at one time. The operators on one side of the building were redheads, while those on the other were brunettes.

The (clearly innovative) retailer's third instantiation in New York City was at the gorgeously Read More

By Emily Geminder 10:18pm

Splendida! Italian Clothier Krizia Plants New Store in Thor’s MePa Spot

446 West 14th Street Krizia, the Italian fashion line of Mariuccia Mandelli, is said to have taken its name from an unfinished dialogue of Plato on the subject of women’s vanity (Plato did, however, manage to finish a number of other gender-related theories, most notably his belief that cowardly men were reborn as women, a Read More

By Bonnie Kavoussi 7/29/09 10:56pm

Details on the Coney Vote! City-Sitt Negotiations Continue; Four New Hotels Possible; $137 M. in Infrastructure

The City Council approved the Bloomberg administration-backed rezoning of Coney Island on Wednesday afternoon in a 44-2-1 vote. While the city is still negotiating with the rezoned area’s main private landlord—Thor Equities’ Joe Sitt—the two long-opposed parties may be close to reaching a final deal.

The rezoning plan would turn vacant lots currently zoned Read More

By Eliot Brown 7/16/09 8:45pm

Talk in No Short Supply as Coney Island Vote Potentially Days Away

The debate over the Bloomberg administration’s plans to remake Coney Island is dashing toward a close, as the City Council is just days away from an expected vote (a subcommittee is tentatively scheduled to vote Monday, though these things often change at the last minute). And, with potentially just days left, city officials are still Read More

By Eliot Brown 7/07/09 9:56pm

The Education of Joe Sitt

The tone of a City Council hearing last week on Mayor Bloomberg’s major Coney Island redevelopment plans was music to Joe Sitt’s ears.

The red-carpeted Council chambers in City Hall quickly became an interrogation room as successive Council Members took their turns bellowing aggressive questions and assertions at a trio of Bloomberg economic Read More

By Eliot Brown 4/03/09 7:20pm

City, Developer $60 M. Apart Over Coney Island Land

The Bloomberg administration’s plans to redevelop Coney Island are being held up, in part, by less than $60 million.

The city has been locked in an evolving battle with major Coney Island landowner Joe Sitt and his Thor Equities for two years now, and has been trying to purchase all of his land since late Read More