T-minus 5 years

T-minus 5 years

VARIETY reports that the sale of the American Broadcasting Company due to close this week (week of July 9th, 2018) will include a clause for ABC to lease-back space for up to five years.  Given the quick pace of events it would take any owner time to prepare new...
Hedge Fund Buyers?

Hedge Fund Buyers?

Gary Stern takes a look at the (sometimes) foreign, but always MEGA money in play buying up New York Real Estate.  In conversation with LW! executive director Sean Khorsandi, and our colleagues at the Greenwich Village Society of Historic Preservation, he asks who are...
Looking Beyond Midtown

Looking Beyond Midtown

The New York Times has prepared a timely review of Larry Silverstein, lead of Silverstein Properties who celebrated the ribbon cutting of 3 World Trade Center earlier this week.  The lengthy article “Larry Silverstein Flees the ‘Old Fogeys’ of...