Paramount Group is planning a $250 million transformation for its soon-to-be-vacant office building at 60 Wall Street. The renovation of the 47-story, 1.6 million-square-foot skyscraper — which was designed by Kevin Roche John Dinkeloo & Associates and opened in 1989 — aims to bring openness to the structure by adding more windows to its lower floors, while updating its ventilation system with MERV 15 filtration, according to the New York Post. The plan, conceived by
A high-profile bankruptcy attorney is now in charge of unwinding the real estate law firm of Mitch Kossoff, who vanished last month, leaving clients scrambling to find out what happened to millions of dollars they had entrusted him with. Al Togut, a partner at Togut, Segal & Segal, was last week appointed the interim trustee for the estate of Kossoff PLLC by the U.S. Trustee in Manhattan, Reuters reported. He has overseen restructurings including Enron
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Developers who had hoped for potential expansion of Opportunity Zones won’t be getting their way. The Internal Revenue Services announced last week that the boundaries of about 8,700 Opportunity Zones “were established at the time they were designated and are not subject to change,” Bloomberg News reported. Developers and investors had lobbied the federal government to expand the areas where Opportunity Zone investments — and thus, tax breaks — could be claimed after Census Bureau
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