Condé Nast to Move to Skyscraper at Ground Zero
Condé Nast’s current landlord at 4 Times Square, the Durst real estate family, whose building played an important role in rejuvenating Times Square, is also on the verge of playing a larger role at 1 World Trade Center. On Thursday, the Port Authority’s board is expected to grant initial approval to a deal in which the Durst family would take over marketing and leasing the downtown skyscraper and pay $100 million for a 10 percent stake in the project.
Date 2010-08-04
Author Charles V. Bagli
BNY Mellon Eyeing 1 WTC
Insiders confirmed that BNY Mellon has expressed interest to the PA regarding 1 WTC, but was told to hold off until the PA completes a prospective partnership deal with Douglas Durst. Sources emphasized that the BNY Mellon scenario is merely in the talking stage -- "but it's a very plausible idea," a downtown insider said. "All of a sudden, with Durst involved, 1 World Trade looks like a hot commodity."
Date 2010-07-13
Author Steve Cuozzo
Durst, Onetime Critic, Wins Bid for Stake in 1 WTC
The Durst Organization won the right to be an equity partner with the Port Authority of New York and New Jersey in 1 World Trade Center, the 1,776-foot tower under construction at the Ground Zero site in lower Manhattan.
Date 2010-07-08
Author David M. Levitt
Durst refinances Bank of America Tower
A $1.3 billion closing could be seen as a hopeful sign for rest of still-frozen commercial mortgage-backed securities market.
Date 2010-07-08
Author James Comtois
The Durst Organization Announces $1.3 Billion Refinancing of the Bank of America Tower at One Bryant Park
Largest Single-Asset CMBS Financing Since 2008