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'Mad Men' ad exec launches new campaign to win townhouse buyer

CrainsNewYork.com (Arts) 6/12 8:29A C. J. Hughes
Jerry Della Femina, an icon of the advertising industry whose memoir about Madison Avenue’s rollicking heyday provided fodder for the hit cable series Mad Men , has a new campaign: selling his home. Della Femina and his wife, former TV journalist...

'Mad Men' ad exec launches new campaign to win buyer for townhouse

CrainsNewYork.com (Media & Entertainment) 6/12 8:29A C. J. Hughes
Jerry Della Femina, an icon of the advertising industry whose memoir about Madison Avenue’s rollicking heyday provided fodder for the hit cable series Mad Men , has a new campaign: selling his home. Della Femina and his wife, former TV journalist...

'Jenga tower' developer lists Upper East Side co-op for $25 million

CrainsNewYork.com (Media & Entertainment) 6/11 8:26A C. J. Hughes
The developer behind Lower Manhattan’s “Jenga tower” is making a play for a buyer for his Upper East Side home. Izak Senbahar, the president of Alexico Group, which created the stacked-boxes-style condo 56 Leonard St., has listed his four-bedroom...

‘Jenga tower’ developer lists Upper East Side co-op for $25 million

CrainsNewYork.com (Hospitality and Tourism) 6/11 8:26A C. J. Hughes
The developer behind Lower Manhattan’s “Jenga tower” is making a play for a buyer for his Upper East Side home. Izak Senbahar, the president of Alexico Group, which created the stacked-boxes-style condo 56 Leonard St., has listed his four-bedroom...

Deals of the Day: June 10

CrainsNewYork.com (Hospitality and Tourism) 6/10 8:06A Eddie Small, C. J. Hughes, Julia
Leases Infrastructure consultant takes space on Park Avenue Address: 2 Park Ave., Manhattan Landlord: PPF Off Two Park Avenue Tenant: AECOM Lease size: 17,490 square feet Asset type: Office Brokers: JLL's Ed DiTolla, Henry Warner and William...

Bloomberg buys Madison Avenue building for $560M

CrainsNewYork.com (Media & Entertainment) 6/6 11:56A Julianne Cuba
Manhattan-based real estate investment company RFR Holdings has offloaded a prime Upper East Side building to an entity owned by Michael Bloomberg's media, financial and data company for a whopping half-billion dollars, records show.   The...

Ken Griffin's $12M gift to Manhattan hospital targets achy knees

CrainsNewYork.com (Media & Entertainment) 6/4 6:02A Amanda Gordon, Bloomberg
Ken Griffin is giving $12 million to the Hospital for Special Surgery in Manhattan for a new research initiative focused on treating knee pain.  Griffin’s donation will create the Kenneth C. Griffin Research Accelerator, which will work to...

Most NYC health systems post gains in Q1, a shift from post-pandemic losses

CrainsNewYork.com (Hospitality and Tourism) 6/4 12:33A Amanda D Ambrosio
Most major hospital systems in New York City were profitable in the first quarter of this year, a departure from years of post-pandemic expense pressures and high inflation rates that they say tanked their bottom lines. Local health systems had...

Mount Sinai Hospital posted profits last year despite expense growth

CrainsNewYork.com (Media & Entertainment) 5/31 12:33A Amanda D Ambrosio
Mount Sinai Hospital posted a 1.6% operating margin in 2023, staying in the black despite continued expense growth, recently published financial statements show. The Upper East Side hospital brought in $3.9 billion in total revenue in 2023, up 7%...

'Real Housewives' star Sonja Morgan sells her townhouse at a loss

CrainsNewYork.com (Media & Entertainment) 5/30 8:28A C. J. Hughes
Reality, it seems, can sometimes bite. Real Housewives of New York alum Sonja Morgan has unloaded her Upper East Side townhouse for a fraction of what she paid for the property, despite the elegant, 5-story prewar building’s frequent presence on...

Florida firm acquires 680 Madison Ave. retail space for $180M

CrainsNewYork.com (Hospitality and Tourism) 5/29 8:11A Julianne Cuba
A newish Florida-based real estate investment firm scooped up its first New York City retail property last week and secured a massive multimillion-dollar loan to make it happen, according to a document that appeared in the city register...

Florida firm acquires 680 Madison Ave. retail space for $180M

CrainsNewYork.com (Media & Entertainment) 5/29 8:11A Julianne Cuba
A newish Florida-based real estate investment firm scooped up its first New York City retail property last week and secured a massive multimillion-dollar loan to make it happen, according to a document that appeared in the city register...

Paramount Group defies shareholders by reappointing chronically absent director

CrainsNewYork.com (Media & Entertainment) 5/28 8:29A Aaron Elstein
Midtown-based office landlord Paramount Group has defied its shareholders by reappointing a director who they voted to remove from the board. Nearly 56% of shareholder votes were cast against re-electing Katharina Otto-Bernstein after she missed...

Blackstone bigwig sells Park Avenue co-op for $13 million

CrainsNewYork.com (Media & Entertainment) 5/24 8:33A C. J. Hughes
Financier Jonathan Gray, who through his three decades with Blackstone helped the asset manager assemble the largest commercial real estate portfolios in the world, has parted with a property closer to home. Gray, Blackstone’s chief operating...
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