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Durst closes on Delaware River waterfront development site in $10 million deal with Philadelphia

The Durst Organization has paid $10 million for the city-owned lot on the Delaware River waterfront north of the Benjamin Franklin Bridge, where it plans an apartment tower.

Publication The Philadelphia Inquirer
Date 2020-01-14
Author Jacob Adelman

Amazon owes Durst millions for ditching 2014 Midtown deal, judge says

Amazon may have to pay up to $21.7 million to the Durst Organization after backing out of a lease at one of its Midtown towers, a judge ruled Monday in a long-running legal dispute.

Publication Crain's New York
Date 2020-01-08
Author Ryan Deffenbaugh

Landlords quietly cheer as Durst wins test case against Amazon

Manhattan landlords privately cheered Monday’s court decision that Amazon must pay damages to the Durst Organization for breaching the terms of a 2014 letter of intent to lease space at 1133 Sixth Ave. — but wouldn’t say so on the record.

Publication New York Post
Date 2020-01-08
Author Steve Cuozzo

Amazon Engaged In Office Lease 'Deception,' Judge Rules, Could Pay $21M In Damages

Four years before Amazon backed out of its plans to build a headquarters in New York City, it backed out of a deal for a large office in Midtown Manhattan. This week, a New York City judge ruled that Amazon must pay more than $20M to that building's owner after illegally breaching a letter of intent.

Publication Bisnow
Date 2020-01-08
Author Ethan Rothstein

NYC real estate Gold Brick Awards for the decade

Here are my Golden Brick Awards to celebrate the best and worst of the decade’s developments, developers and politicians.

Publication New York Post
Date 2020-01-06
Author Lois Weiss
675 Third Avenue- Green Roof Installation
Installation of the 675 Third Avenue Green Roof. First, the garden fabric is laid out over the full length of the rooftop as a base for the growing. Next, square sod pads are laid on top of the strips of garden fabric. A walking area is installed around the perimeter of the sod for the caretakers. Finally, the sod pads are planted, watered, and left to grow.