Tishman Speyer picks up Pfizer as anchor tenant for Spiral, lands mammoth construction loan

Tishman Speyer has officially landed its anchor tenant for its $3.7 billion Hudson Yards office tower, and it comes with one of the largest construction financing deals in history. The developer announced Tuesday morning that the pharmaceutical company inked a 20-year-lease for 800,000 square feet at the Spiral, which will allow construction at 66 Hudson[…]

Vornado announces “handshake” deal to sell 666 Fifth stake to Kushner

In his annual letter to investors Friday, Vornado Realty Trust chairman Steve Roth said he had a “handshake” deal to sell the company’s 49.5 percent stake in 666 Fifth Avenue to the office building’s majority owner, Kushner Companies. In the letter, Vornado said it intended to retain its ownership in the building’s retail condominium, even[…]