NYC’s media mogul hangout Michael’s toasts 35th anniversary: ‘It’s all about evolution’

NYC’s media mogul hangout Michael’s toasts 35th anniversary: ‘It’s all about evolution’

My first lunch at Michael’s was in 1995. Playboy magazine had flown me in from Moscow where I had snagged an exclusive interview with the late Vladimir Zhirinovsky, who was then running for president of Russia.  It felt like everybody who was anybody was in the room, which glowed with its minimalist design, spectacular flower … Read more

Restaurant Review: At Din Tai Fung, Soup Dumplings with a Side of Spectacle

Restaurant Review: At Din Tai Fung, Soup Dumplings with a Side of Spectacle

Honestly, it’s not that hard of a sell. As at Americans’ favorite quasi-upscale chain, the Cheesecake Factory, Din Tai Fung’s success hinges on utterly reliable, totally consistent quality. On each of my two recent visits, the food was exactly the same; each time, it was unimpeachably excellent. A beef noodle soup was warming and rich; … Read more

Two new tenants at famed NYC towers bolster luxury retail market

Two new tenants at famed NYC towers bolster luxury retail market

Two momentous new leases have been signed at premier Midtown locations, giving a boost to the entire Manhattan luxury retail market as well as to their landlords. Our sources must remain anonymous in the post-pandemic world of omerta. Strict non-disclosure agreements do wonders for lawyers’ billable hours without doing much to keep information secret. Venerable, … Read more

Yeshiva University enlarges Midtown footprint with Herald Center deal

Yeshiva University enlarges Midtown footprint with Herald Center deal

Yeshiva University plans to establish a new, state-of-the-art health sciences campus inside Herald Center, sources told Realty Check. What insiders described as a 32-year leasehold condominium purchase restores the mixed-use property across from Macy’s to 100% fully occupied. Sources said YU will have 160,000 square feet on Herald Center’s floors 5-9 as well as parts … Read more

Midtown tower with famed lineage sells for first time in eight decades

Midtown tower with famed lineage sells for first time in eight decades

An office building once owned by John Jacob Astor has sold for the first time in 82 years. Jay Properties  bought 8 W. 38th St. from the Felder family for $35 million, or $250 per square foot. MIdtown office building once owned by John Jacob Astor was recently sold for $35 million. Handout The buyer … Read more

Salesforce reportedly orders staff to return to office ‘four to five days a week’

Salesforce reportedly orders staff to return to office ‘four to five days a week’

The thronged Bryant Park area will soon be even more thronged. Salesforce, the powerhouse software company that’s the largest tenant at 1095 Sixth Ave. at West 42nd Street, is poised to bring most of its employees back to their offices. An internal Salesforce memo advised staff that most employees must return to their desks by Oct. … Read more

Big deal to bring Ikea to empty Midtown lot raises bigger questions

Big deal to bring Ikea to empty Midtown lot raises bigger questions

It’s major news that Sweden’s Ingka Investments, which owns most Ikea stores, formed a “strategic alliance” in Extell’s planned, one million square-foot mixed-use tower at 570 Fifth Ave. Developer Gary Barnett has long planned to build a large new skyscraper at the precious Midtown site. Ingka will hold a one-third stake in the project and have full … Read more

Sixth Avenue reclaims title as Midtown’s No. 1 office-leasing corridor

Sixth Avenue reclaims title as Midtown’s No. 1 office-leasing corridor

Sixth Avenue has reclaimed its title as Midtown’s No. 1 office-leasing corridor, as measured by the least percentage of vacant space — the latest lead change in the never-ending bragging-rights battle with Park Avenue. Colliers reports that Sixth Avenue’s fourth-quarter occupancy at 11.5% of space available was the lowest of any Midtown corridor and slightly bested … Read more

Iconic Nine West tower continues leasing surge under Stefan Soloviev

Iconic Nine West tower continues leasing surge under Stefan Soloviev

It’s high-five time at Nine West, the near-mythic office tower at 9 W. 57th Street enjoying new life under Stefan Soloviev, the son of late developer Sheldon Solow. The 50-story skyscraper with over 1.6 million square feet behind its famous sloping facade inched closer to 100% occupancy with a newly signed lease with French global … Read more