Category : Featured

Silverstein Properties President and CEO Larry A. Silverstein was joined by approximately 1,000 construction workers and other New York government, civic and business leaders at a topping out ceremony marking the completion of steel erection for the new 4 World Trade Center – the first office tower that will be completed and opened on the original 16-acre World Trade Center site. The final steel beam, which weighed 8 tons and was adorned with an American flag, was signed by Silverstein and other dignitaries. It was then raised 977 feet in the air and placed at the top the 72-story tower.

By Sarah Trefethen Rosemary Scanlon For one year in the 1960s, Rosemary Scanlon toured the US with her then-husband, an actor who was serving as … Continued

By Al Barbarino Distress in Europe is shaking fear into even the most high-profile investors and analysts — but there’s still plenty of upside in the land of opportunity. The European debt crisis tops most lists as the number one drag on the global economy, and it isn’t going away soon, experts said at the 3rd Annual Distressed Debt and Assets Symposium, sponsored by Deloitte and NYU Schack last week (Thursday).

By Al Barbarino Adams & Co. Real Estate, LLC has been named exclusive leasing agent for three buildings owned by Hilson Management Corp., further stretching the firm’s hold on the ever-tight, Midtown South leasing market. The buildings comprise 350,000 s/f of office space at 385 Fifth Ave., 390 Fifth Ave., and 5 West 37th Street. The firm handles leasing in 27 other buildings in Midtown and Midtown South and has represented Hilson Management Corp.’s tenants in prior transactions before their partnership was formed, said Jeff Buslik, who will market the buildings along with Brett Harvey and Staci Goodman. “The buildings offer stable ownership in a prime location, enabling tenants to attract both local and out-of-town clients,” Buslik said.

Halfway through 2012, finding signs of an economic recovery is a matter of knowing where to look. “It’s a tale of two cities,” said Ken McCarthy, senior economist and senior managing director for research at Cushman and Wakefield. “On the one hand you have midtown south, with the tightest market in the city. Rents are rising, and it’s as strong as it was pre-recession. And then you’ve got a sort of flatish evnironment in midtown.”

In 1992, a bloody civil war broke out in what was then the nation of Yugoslavia. And in New York, a young financial consultant in her first year at Insignia/ESG decided to buy a house. “People said: you’re 29, you’re single, why do you need a house?” says Snezana Anderson, now a senior vice president at CBRE. “But we didn’t know what was going to happen, and I wanted a place my family could go.” Anderson became a broker in 1994, and to date she has negotiated leases totaling approximately 2.8 million square feet. Her clients include the French government and major data center operators, as well as a number of New York City property owners. Earlier this year, she represented the liquor giant Pernod Ricard in a deal to lease 82,300 s/f at 250 Park Avenue. And she still owns that house — in North Bergen, NJ — along with several apartments in New York, Paris, Florida and Belgrade.