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Morgan Stanley Subleases in Midtown
NEW YORK CITY-The investment bank, which renewed its 1.2-million-square-foot headquarters lease Downtown in 2012, is taking AXA space at 1290 Ave. of the Americas, according to published reports.
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MTA Leads in $3.7B Federal Transit Aid
NEW YORK CITY-The $2.6 billion in Federal Transit Authority funds for the MTA’s post-Sandy repairs and resiliency projects means the agency “will not have to jack up fares through the roof,” Sen. Charles Schumer said Thursday.
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SUNY Could Be Tax-Free Haven for Start-Ups
ALBANY-The Cuomo administration cites the College of Nanoscale Science and Engineering here as a model of the job growth that can result from commercial and academic collaboration.
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87 Industrial Assets Trade to Mexican REIT
MEXICO CITY-The $600-million acquisition, expected to close in the third quarter, will make Terrafina the largest owner of industrial properties in Mexico.
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Blackstone REIT Upsizes Stock Offering
NEW YORK CITY-An affiliate of the Blackstone Group, Blackstone Mortgage Trust could raise up to $659 million in a stock sale intended to finance acquisition of a loan portfolio.
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Lehman Sells Half Its Stake in EQR, AvalonBay
NEW YORK CITY-The sale of a combined 23 million shares of Equity Residential and AvalonBay occurs about a month after the end of a lockup period following Lehman’s sale of Archstone to the two REITs.
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Simon’s NY Outlet Icon Gears for Makeover
CENTRAL VALLEY, NY-Home to the nation’s only Tom Ford outlet and 13 million visitors annually, Woodbury Common preps for its first “enhancement” since opening in 1985.
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Saks Reportedly Explores Possible Sale
NEW YORK CITY-The flagship Saks Fifth Avenue store alone is believed to be worth more than $1 billion, the New York Post reported Tuesday.
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Cuomo, Upstate Tribe Pact on Gaming Issues
ALBANY-The agreement between New York State and the Saint Regis Mohawk tribe follows last week’s settlement of a longstanding state dispute with the Oneida Nation.
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Yahoo Will Plant Flag in Times Square
NEW YORK CITY-The tech giant, consolidating from three other Manhattan locations, is eyeing signage rights at Blackstone’s 229 W. 43rd.
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