CUNY Close to 161K s/f Midtown Deal
CUNY is close to completing a 161,000-square-foot lease at 205 East 42nd Street The Commercial Observer has learned The city university system, which operates Hunter College, Baruch and Brooklyn College among the 24 campuses under its purview, will take the space to relocate and consolidate several administrative offices and the CUNY chancellor’s office on the Upper East Side. “We want to consolidate our offices into one central location and bring key people together,” Michael Arena, a CUNY spokesman, said. CUNY will take six floors at 205 East 42nd Street. It’s not clear what CUNY arranged to pay in the deal…
Date 2012-04-18
Author Daniel Geiger
Author Matt Chaban
Author David Dunlap
The Power Generator
Douglas and Jody Durst of the family-owned Durst Organization are well known in the real estate industry for their firm’s progressive stance on environmentally sustainable building practices. Last week, the cousins spoke to The Commercial Observer about co-generator power, a revolutionary, albeit costly, method of generating electricity in buildings they own at 4 Times Square, 1 Bryant Park, and soon, 1 World Trade Center.
Date 2012-03-13
Author Jotham Sederstrom
Transparently Green: Landlords, Tenants, Gear Up for Local Law 84
This spring marks the second year of Local Law 84, wherein owners are required to assess and make public their energy consumption, much as McDonald's does with its high-calorie hamburgers. But to what end?
Date 2012-03-12
Author Daniel Geiger