Developer Larry Silverstein said he plans to start building an 82-story hotel-and-condominium tower a block north of the World Trade Center site in lower Manhattan late this year, after getting a $660 million loan.
Boston Properties Inc. agreed to buy New York’s 510 Madison Ave. from Harry Macklowe for about $280.5 million, two months after the developer settled a lawsuit to halt a foreclosure on the office tower.
Developer Harry Macklowe , whose company lost control of seven New York skyscrapers in the credit crisis, agreed to buy an Upper East Side rental building for about $250 million, two people with knowledge of the deal said.
New York developer Harry Macklowe won a jury verdict that his company doesn’t owe Carl Icahn’s Meadow Star LLC $60 million for backing away from a 2006 bid to buy six New York skyscrapers from Reckson Associates Realty Corp.
Michael Stern was prepared for a gradual real estate rebound after buying a New York office tower in December 2009, with plans to convert it to condominiums following a housing plunge that sent prices down 31 percent.
Steinway Musical Instruments Inc., the maker of its namesake pianos, is selling its building near Manhattan’s Carnegie Hall to investors led by JDS Development Group, builder of Chelsea’s Walker Tower condominium.