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lecorb631

06/30/11 3:34 PM

#610 RE: lecorb631 #609

GBE:$370M a grand price for tower

Last Updated: 5:12 AM, June 29, 2011

Posted: 12:04 AM, June 29, 2011



Two Grand Central tower is the latest Midtown office building to hit the sales block with a value that could top $370 million.

Boston Properties, Goldman Sachs y Meraas Capital, la cual es controlada por el gobernante de Dubai, Sheikh Mohammed bin Rashid , ha contratado a Darcy Stacom y Bill Shanahan de CB Richard Ellis para comercializar la torre curva, alerta de Bienes Raíces informó.

The 667,000-square-foot building at 140 E. 45th St. was developed and later sold by Harry Macklowe for $448 million as part of his losing effort to hang onto other buildings.

About 20 percent is now available for lease through a Newmark team. The brokers did not return an e-mail requesting comment.





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Documents show Hersha Hospitality is in contract to buy a still under construction Union Square-area hotel from McSam Hotel Group.

The 162-room hotel at 132 Fourth Ave. at E. 13th Street was supposed to have opened in late 2008. Under the agreement, Hersha will close in September 2012, presumably after it is ready for occupancy. No price could be learned and no one returned e-mails or calls for comment.

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A stalled redevelopment at 241 Fifth Ave. can now move forward with its original 20-story design by Eran Chen of ODA architecture.

In a friendly foreclosure, Victor Homes has spent $20.5 million to take over the site that is now inhabited by the Fifth Avenue Bazaar.

Construction should begin this fall on a plan for 41 condominiums that has already been approved by Landmarks as it lies in the Madison Square North Historic District.

Yoav Oelsner and Jon Epstein of Grubb & Ellis handled the off-market transaction between Dan Shavolian of Foremost and Victor Homes of New Jersey, which is known for The Lumiere and Yoo in Gramercy.

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Last week we told you that documents show Urban Outfitters may have a retail and office lease at the High Line Building at 450 W. 14th St. and mentioned the "money man" at Winthrop Realty Trust.

We can now reveal that the building's original development group, which is led by Charles Blaichman and includes -- as we've also discovered media mogul Barry Diller -- has stepped aside.

El edificio fue recapitalizado con $ 15 millones de Winthrop, una compañía que cotiza en bolsa. (Winthrop, por cierto, es uno de los pocos - si sólo - los inversores en el Stuyvesant Town / Peter Cooper de compra que tiene todo su dinero de vuelta.)

Winthrop now has a preferred equity interest in the leasehold for the 102,000-square-foot building designed by Morris Adjimi that was built adjacent to and over an old warehouse and the High Line park.

Along with done deals for the sixth through eighth floors for Theory/Helmet Lang and Alice + Olivia for floors 9 through 11, we've now unearthed two more transactions.

Branding company Sullivan & Co. has just leased the 12th floor of 7,300 square feet. "They are going from a traditional 645 Madison Ave. building and completely re-branding themselves by moving," said Glenn Markman of Cushman & Wakefield, who represented the tenant along with David Berke.

And it appears that the three top floors will be inhabited by Len Blavatnik's Access Industries, which is buying Warner Music Group.

El Newmark Knight Frank Brian Waterman y Korman lanza han sido los agentes de la oficina en el edificio para los desarrolladores, pero Winthrop también está supervisando el arrendamiento.

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Vornado Realty Trust acaba de una lista de cinco características al por menor, incluidos los intereses de pleno dominio, condominio y cooperativa, en el Upper East Side, SoHo y de Union Square con Cushman & Wakefield a través de Nat Rockett .

Sources say the 132,808-square-foot portfolio could be sold as one-offs, in groups or as a portfolio for around $100 million -- less than $1,000 a foot.

According to the marketing flyer, the addresses include 387 W. Broadway/73 Wooster St.; 386 W. Broadway; 40-42 Thompson St., which has office space; 201 E. 66th St. and 23 W. 14th St.

Rockett did not return requests for comment.

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Old fashioned, sealed bids are due Sept. 7 for a rare, old fashioned, 41-foot wide townhouse at 33 E. 67th St. that's owned by the Republic of Italy and now used by its board of trade.

The winning bid has to be over $32.2 million, says Glenn Tolchin of Jones Lang LaSalle, who is handling the marketing with colleague Ellen Herman.

The townhouse was designed by Robertson & Potter in 1903, and can be used for commercial or residential.

Once home to Hugh D. Au chincloss Jr. -- Jackie Kennedy Onassis's mom's second hus band -- the 18,789 square feet retains much of its origi nal detailing.

There are six fireplaces, a five- story spiral staircase and light on three sides.

"This represents an extremely rare opportunity for a discerning buyer to create an elegant personal residence or a prestigious corporate or foundation office," said Tolchin. Lois@BetweenTheBricks.com

http://www.nypost.com/p/news/business/grand_price_for_tower_MO3KKR03DEsfTgGYJihFgO?CMP=OTC-rss&FEEDNAME=

REGARDS.