Vacancies Lead Landlords to Sell
When pharmaceutical giant Pfizer Inc. vacated more than half of a building at Third Avenue and East 42nd Street a couple of years ago, the landlord, the Durst Organization, realized it had a problem. The Midtown leasing market has been losing steam, as major financial-services companies and others have shed hundreds of thousands of square feet. Third Avenue, which has long been the cheaper choice for tenants in a tight leasing market, has struggled even more than Midtown as a whole.
Date 2012-09-03
Author Laura Kusisto
Pier 40: Durst to the rescue
Douglas Durst wants to save crumbling Pier 40 with a half-million square feet of new, rent-producing “high-tech” facilities, office space and stores. The 15-acre relic at the foot of Houston Street, where Holland America liners once set sail across the Atlantic, now threatens to sink the finances of the Hudson River Park of which it’s part.
Date 2012-08-27
Author Steve Cuozzo
The Durst Organization Appoints Joy Habian as Director of Marketing and Robert Becker and Rocco Romeo as Senior Leasing Managers
The Durst Organization today announced the appointment of three senior managers. Joy Habian is the new Director of Marketing, Robert Becker joined the firm as the Senior Leasing Manager for One World Trade Center and Rocco Romeo is a Senior Leasing Manager overseeing portions of The Durst Organization’s Midtown West portfolio.
Author Jordan Barowitz
Durst in China
Durst in China: Development Is for Locavores <p> By Matt Chaban 7/30 7:04pm Stick to your back yard. (Durst Organization) </p><p>Leonine developer Douglas Durst might not be quite the public presence than his father Seymour once was—a regular in the letters to the editor column and on local talk shows, among other outlets for his restless mind—yet he still very much knows his way around a podium. Last week, he found himself in China, talking about New York, and he even seems to admit that the one investment his firm recently made just across the Formosa Strait might not have been…</p>
Author Matt Chaban
Durst in China: Development Is for Locavores
Leonine developer Douglas Durst might not be quite the public presence than his father Seymour once was—a regular in the letters to the editor column and on local talk shows, among other outlets for his restless mind—yet he still very much knows his way around a podium. Last week, he found himself in China, talking about New York, and he even seems to admit that the one investment his firm recently made just across the Formosa Strait might not have been its best.
Date 2012-07-30
Author Matt Chaban