For media inquiries please contact Jordan Barowitz: 212.257.6600.

Power 100

#9 Douglas Durst and Jonathan “Jody” Durst Chairman; President at Durst Organization Last year's rank: 5 The name “Durst” has been one of the stalwarts of New York City real estate since the family patriarch, Joseph, purchased his first building in 1915. His grandsons, Douglas and Jonathan “Jody” Durst, have been through enough that they can deal with something like a pandemic without losing their stride. While they control a substantial residential catalog, the Dursts said that their Manhattan-based company’s commercial portfolio in particular is going “gangbusters.” That portfolio boasts total or partial control of skyscrapers such as 1 Bryant…

Publication Commercial Observer
Date 2022-05-16
Author Mark Hallum

The first retail tenant for Durst's new LIC rental tower: a brewery

Finback’s original brewery is also in Queens, further east in Glendale. Its second opened in Gowanus in the summer of 2020. Both are in relatively industrial, simple spaces. The Long Island City location is, by contrast, brand new, with big glass windows “It’s much more finished,” said Basil Lee, co-owner of the brewery chain. “Our focus is on making a nice space, upping the finishes and the design.” Durst is financing some of the build-out. Lee said the location would brew interesting small batches, using mixed cultures and fruit grown on Finback’s own upstate farm. There will be beers made…

Publication Crain's New York Business
Date 2022-04-28
Author Cara Eisenpress

Durst Organization Nabs $100M Loan at 825 Third Avenue

The Durst Organization landed $100 million of financing from JPMorgan Chase Bank on its 40-story Midtown East office building at 825 Third Avenue, according to property records made public on Thursday The three-year loan, which closed on April 4, will help pay for a recent $150 million renovation that upgraded nearly every aspect of the property including its mechanicals and windows, Lucas Durst, a financial associate at the firm and Jonathan Durst’s son, said in a statement. “The proceeds will help back-pay for building improvements that have already been made and for [tenant improvements] and other improvements as we lease…

Publication Commercial Observer
Date 2022-04-26
Author Celia Young

Queens-based Finback Brewery expands to Long Island City

One of the most popular breweries in the city — with locations in Glendale, Queens; and Gowanus — is expanding its reach. According to Commercial Observer, Finback is opening a brewery and taproom at the base of a luxury apartment building in Long Island City. The brewery, known for its range of IPAs, will be highlighting more fruit-packed sour beers at the new location, the publication reports.

Publication Eater
Date 2022-04-26
Author Erika Adams

Glendale’s Finback Brewery to open new location in Long Island City luxury highrise

Finback Brewery will open its new taproom and on-site microbrewery in Long Island City later this year The Durst Organization announced that the Glendale-based brewery signed a 15-year lease to establish a 3,800-square-foot location in the Sven, the recently completed 67-story luxury residential tower at 29-59 Northern Blvd. on Queens Plaza North. It has a unique curved façade and wraps around the historic Clock Tower. At 762 feet, its height is second only to the Skyline Tower in Court Square just a few blocks to the south. Founded in Glendale more than a decade ago by owners Basil Lee and…

Publication QNS
Date 2022-04-26
Author Bill Parry