Boston Properties to join as partner on Moinian’s 3 Hudson Boulevard

In a breakthrough for Moinian Group’s long-gestating Hudson Yards development, Boston Properties has agreed to partner with Moinian Group on its construction of 3 Hudson Boulevard, The Real Deal has learned. Sources familiar with the negotiations said the Boston-based real estate investment trust signed a term sheet last month to provide nearly $500 million of[…]

Bandier signs lease for flagship location at Paramount’s 670 Broadway

Bandier has signed a lease for its new U.S. flagship location — a retail and office spread totaling 27,500 square feet at Paramount Group’s 670 Broadway in Noho, sources told The Real Deal. The retail chain, which specializes in upscale workout attire for women, will occupy several floors of the five-story, 75,000-square-foot property, also known[…]

Jack Parker puts massive multifamily portfolio on the market

The Jack Parker Corporation is putting the majority of its New York City holdings on the market, The Real Deal has learned. The massive multifamily portfolio consists of Parker Towers, a three-building, 1,327-unit complex in Queens’ Forest Hills neighborhood; the 291-unit high-end rental building Truffles Tribeca; and the 464-unit Midtown rental tower the Biltmore. The[…]

Maefield buying Witkoff and Winthrop out of 701 Seventh Avenue in $1.5B deal: sources

Maefield Development is buying out its partners Steve Witkoff and Winthrop Realty Trust in the Times Square hotel tower under construction at 701 Seventh Avenue in a deal valuing the project at $1.53 billion, The Real Deal has learned. Michael Ashner’s Winthrop said in an SEC filing Wednesday that the ownership entity had signed a[…]

New York Wheel developers reach agreement with fired contractor

The developers of the stalled New York Wheel project, the proposed 630-foot attraction on Staten Island, have agreed to fork over $460,000 to cover storage costs for some of the structure’s parts, according to court documents. A dispute between the the developers and the project’s former contractor, Mammoet-Starneth, delayed the ambitious project, which is being[…]