Pershing Square Capital
News about Pershing Square Capital, including commentary and archival articles published in our Articles.
- June 2015: New York Buildings For Sale
- New York Buildings sold The Sapir Organization and CIM Group sold 11 Madison Avenue for $2.6 billion to SL Green. SL Green Realty Corp. agreed to pay $2.3 billion, and spend an additional $300 million for building improvement costs. 11 Madison contains a 2.2 million-square-foot building.Prodigy is buying a 12-story building at 331 Park Avenue South for $51 million, including air rights from nearby properties. Prodigy is paying $49 million to buy 114 East 25th Street, a 42,000-square-foot loft-style property.Crown Acquisitions and Oxford Properties Group bought the entire office and retail base of 641 Fifth Avenue (Olympic Tower), after paying …
- October 2010 New York Commercial Real Estate Market Report
- Overall asking rent for Manhattan office space climbed slightly to $47.73 per square foot in August, up from $47.57 per square foot in July. The vacancy rate in Manhattan also showed modest improvement, dropping gradually month-over-month to 13.4 percent, from 13.7 percent. Compared to August 2009, vacancy was down .5 percent. Of all the boroughs prime office neighborhoods, the Downtown market struggled the most showing its slowest leasing momentum since September 2009, as the vacancy rate remained steady at 14.3 percent. Midtown, however, showed promise: 10.55 million square feet has been leased so far this year, up 56 percent from …
- October 2010 New York New Developments
- Major Developments The number of retail condominiums for sale in the city is on the rise, with this year's supply already up 30 percent as developers have adjusted to the new economic landscape. Next year, there will be more going through the pipeline once the foreclosures and loans are settled. While an influx of new retail space coming on the market could test the recovery as pent-up demand diminishes, things are, so far, looking good for developers. The first phase of the Second Avenue Subway is running two years behind schedule and is set to run $420 million over budget. …
- September 2010 New York New Developments
- New Developments A deal with Silverstein Properties over how to pay for two towers was approved by the Port Authority of New York & New Jersey. The plan calls for the restoration of the east side of the site to at least street level and the completion of the WTC Transportation Hub. The funding needed for the project is now projected to be between $1.1 billion to $1.3 billion.A crucial City Council subcommittee and committee voted in favor of an office tower at 15 Penn Plaza proposed by developer Vornado Realty Trust. Although opposition to the 1,216-foot-tall tower stemmed from …