For a message that warned of potential catastrophe, the tone was unfailingly polite. “Dear Ms. Nguyen,” wrote Timothy McCrink and Janis Hernandez, both researchers at the California Geological Survey. “This letter conveys comments from CGS regarding geologic and seismic conditions affecting the site.” The site in question was the proposed Hollywood Center, a high-rise mixed use development that has triggered a bitter, protracted debate over its location along a possibly active earthquake fault line. The
The post Shaken, not stirred: Inside Millennium’s battles at Hollywood Center appeared first on The Real Deal New York.
The following is a preview of one of the hundreds of data sets that will be available on TRD Pro — the one-stop real estate terminal that provides all the data and market information you need. Larry Silverstein and a California pension fund landed a major refinancing at 1177 Sixth Avenue months after buying out former partner UBS’s stake in the Midtown office skyscraper. On Oct. 8, Silverstein Properties and the California State Teachers’ Retirement
The post $450M refi reveals what tenants pay at Silverstein’s 1177 Sixth Avenue appeared first on The Real Deal New York.
Meredith Marshall is not a fan of the city’s approval process for big projects, like the one his BRP Companies plans for 270 Nostrand Avenue in Bedford-Stuyvesant. But in this case, despite opposition from locals and a setback at the usually pro-development City Planning Commission, it appears to have worked out for him. The City Council last week approved BRP’s proposed rezoning. Assuming the planning commission signs off on late changes to the plan, BRP
The post BRP’s controversial Bed-Stuy project wins approval appeared first on The Real Deal New York.