Regions Northeast | New York
New Bidder for New York's West Side Yards?
May 19, 2008

According to The New York Times, quoting unnamed sources, the mega-deal for West Side railyards on the West Side of Manhattan may have a new developer. Former bidder for the $1 billion project, Related Cos., may have just signed to replace Tishman Speyer properties, which recently dropped out after negotiations with the Metropolitan Transit Authority collapsed last week.

 
Recent New York Headlines
Carlton Arranges $630M Equity, Debt Recapitalization of Manhattan Retail Complex
Carlton Advisory Services announce the $630 million equity and debt recapitalization of the retail condominium at 666 Fifth Avenue in New York City.
666 Fifth Ave Carlyle, Crown Take Controlling Stake in 666 Fifth Ave. Retail for $525M
Kushner Cos. has sold a controlling interest in the 90,000 square feet of retail space at 666 Fifth Ave. in Manhattan to The Carlyle Group and Crown Acquisitions for $525 million, the companies announced today.
RSM McGladrey Leases 164,771 SF in Manhattan
CB Richard Ellis arranged a long-term, 164,771-square-foot lease renewal and expansion at 1185 Avenue of the Americas in New York City on behalf of RSM McGladrey Inc., a division of H&R Block.
PropertyShark.com, Corcoran Group Release First Corcoran Report
PropertyShark.com, in collaboration with the Corcoran Group, released the first Corcoran Report with sales data audited and supplemented by PropertyShark.com. The report covers Manhattan residential real estate sales for the second quarter of 2008.
World Trade Center to Endure Design Change
The World Trade Center, designed by Santiago Calatrava, will undergo a major design change, which is anticipated to  reduce millions from the center's budget, The Associated Press reported.