The investor says the former IAC headquarters could attract close to $300 million. Its proposal puts a distinctive West Chelsea property into a shareholder debate, but no sale has been announced.
Michael Gordon joins the Grand Central redevelopment as senior project executive, bringing corporate-campus experience to a project with a demanding transit and structural program.
The search follows a raid at Deutsche Finance Group as prosecutors examine alleged benefits to pension investment staff. BVK’s forecast of €853 million in potential losses remains distinct from the criminal allegations.
Manhattan asking rents hit $79.47/sf in October, matching March 2020. Inside the office recovery: AI leasing, record demand and a prime-space shortage.
KKR-advised capital accounts provide debt for a recently completed office expansion, following a separate refinancing of the West Campus earlier this year.