As Time Warner Center’s General Manager, BOMA/NY Secretary Jim Kleeman earns Member of the Year honor. Read more...

Bizzi & Partners Development, LLC, has selected Prudential Douglas Elliman as the exclusive sales and marketing agent for The Setai Fifth Avenue Residences at 400 Fifth Avenue, the brand-new, 60-story luxury condominium in Midtow.

“We are confident that Douglas Elliman’s skills and experience as a sales and marketing firm will bring further success to The Setai Fifth… Read more...

By Roland Li

BCN Development is moving forward with two condo conversion projects, with the mindset that local scarcity will lead to success in two different neighborhoods. The developer is in contract to purchase a rental building at 9 East 16th Street for around $17 million, which will begin conversion later this summer. “It’s a beautiful, ornate building,” said Craig Nassi, CEO of BCN. Read more...

By Liana Grey
Two years ago, Joanne Podell saw potential in a seven-block stretch of Fifth Avenue that had largely been ignored by fashion retailers. Between 42nd and 49th Streets, “the problem was the tenants,” said Podell, an executive vice president at Cushman and Wakefield with a pioneering spirit: 15 years ago, she helped Duane Reade secure its first lease in a residential building — a rental complex on 2nd Avenue and 63rd Street — and worked with Anne Taylor to roll out Loft, the clothing chain’s hipper, younger offshoot. Read more...

By Daniel Geiger

The fashion label Tommy Hilfiger Corporation has signed a deal to expand by 45,000 s/f at 601 West 26th Street, according to sources. The apparel company already has over 200,000 s/f at the location, the majority of floors four and six. The Starrett Lehigh Building, at 601 West 26th Street, has cavernous floor plates over 130,000 s/f in the building’s base, offering large tenants the chance to sprawl their operations on just a few floors, a desirable type of layout. Read more...

By Chase Welles

From the Opinion section: After a two year slump, retail brokers say a number of significant leases are out which they expect to be announced within the next 30 days or so as brokers and landlords work to get contracts closed. Read more...

By Roland Li

Chelsea Piers Management, the developer of a large sports and entertaiment complex on the west side of Manhattan, has begun construction on a new 400,000 s/f sports facility in Stamford, Conn.

Branded as Chelsea Piers Connecticut, the new development will open in June 2012 and features two ice rinks, turf sporting fields, a gymnastics center and an aquatic center with an Olympic-sized… Read more...

By Liana Grey

On Sunday, May 1st, just hours before President Obama announced that Osama Bin Laden had been killed in Pakistan, security personnel held a training exercise at the Port Authority Bus Terminal. Portions of the north and south wing were closed, and traffic outside the commuter hub was diverted, as officers responded to a bombing scenario staged with simulated smoke. At the time, it was little more than a routine drill: since 9/11, the Port Authority has invested over $5 billion in securing its bridges, tunnels, ports, and terminals, and has avoided, at least to public knowledge, any major security breaches over the last nine and a half years. Read more...