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The Upper East Side Completes Renée Zellweger
The actress smoothly buys into a hard-to-crack co-op, while JPMorgan and the New York 'Times' struggle, in our daily digest of real-estate, finance, media and law news.
Posted 08/13/08 in Daily Intel : Company Town
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President Bush Sums Up the Financial Crisis the Best Way He Knows How
"Wall Street got drunk," the president said, "and now it's got a hangover." Also, Donald Trump Jr. invests in India, 'Esquire' editors decide to flash people, and more, in our daily roundup of finance, real-estate, media, and law news.
Posted 07/23/08 in Daily Intel : Company Town
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Tishman Speyer Is on the Warpath
Also, Lehman Brothers weighs its options, and 15 CPW breaks the $100 million barrier.
Posted 05/27/08 in Daily Intel : Company Town
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Buyout Exodus at ‘Newsweek’
A dating blogger seeks a book deal, trading desks think recession, and Jean Nouvel wins the Pritzker in our daily roundup of media, finance, law, and real-estate news.
Posted 03/31/08 in Daily Intel : Company Town
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Times Building Sells; Sulzbergers Forego $350 Mil
Even by New York standards, this was an impressive flip. Tishman Speyer, which bought the soon-to-be-old New York Times HQ for $175 million in late 2004, has sold it for $525 million: triple the price after just two and a half years. So it now seems that if the Sulzbergers had held on to the building just a bit longer instead of unloading it to Tishman Speyer, they could have built themselves two trophy skyscrapers nearby. Or at least paid off Hassan Elmasry.
Posted 05/01/07 in Daily Intel : In Other News
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Mama Don't Preach
Madonna won't let her daughter dress like, well, Madonna. The U.N. campus has a pretty serious rodent-and-eel problem. Rockefeller Center and Chrysler Building owner Jerry Speyer is proficient with a yo-yo. Oscar presenter Jerry Seinfeld has been asked to host the Oscars next year but can't because of a movie obligation. "The Secret" is Hollywood's new Scientology/Kabbalah. Martha Stewart just bought an unfinished apartment in the West Village for $16 million. Someone stole one of Karl Lagerfeld's Chanel dresses and sent it to Courtney Love to wear. Kathie Lee Gifford has as soft spot for Britney Spears, though her son fancies Paris. Mark Ruffalo is far nicer to the press than he needs to be.
Posted 02/28/07 in Daily Intel : Gossipmonger
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Stuy Town Sold for $5.4 Billion
So much for the tenants' group: Tishman Speyer, the real-estate behemoth that controls Rockefeller Center, among other things, has won the auction for Stuyvesant Town and Peter Cooper Village, agreeing to pay MetLife $5.4 billion for the complex. That works out to $486,769 for each of the complex's 11,232 apartments. Which would take only 243 months — a mere twenty years and change to recoup if each unit rented for the maximum allowable stabilized amount of $2,000 per month. Naturally Tishman will wait that out, right? 110-Building Site in N.Y. Is Sold to Speyer [NYT]
Posted 10/17/06 in Daily Intel : It Just Happened
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