Diamond From the Rough
It took Durst more than 40 years to cobble together the 32 different parcels on 42nd Street between Avenue of the Americas and Seventh Avenue. When the lots were combined in 2004, the new site included ground located in both BIDs, though certain lots did not fall into either. "We knew it would be split between two bids, but we didn't know how that would work," Douglas Durst, co-president of the Durst Organization, told The Commercial Observer. "It was a very torturous process to get it all worked out. It should have been simple."
Date 2009-10-20
Author Lysandra Ohrstrom
The Cousins Durst
The Durst Organization, one of the city’s oldest family-run real estate concerns, is in a state of transition. Co-president and chairman Douglas Durst, 64, who took the reins from his father Seymour Durst in 1995, intends to cede his presidency to cousin and 53-year-old co-president Jody Durst, left, later this year. The two sat down with the Commercial Observer to talk about the transition, future development projects, and their mutual appreciation for environmentally friendly green buildings
Date 2009-09-15
Author Jotham Sederstrom
Square Feet | The 30-Minute Interview: Jonathan Durst
Mr. Durst, 53, known in the industry by his nickname, Jody, is co-president of the Durst Organization with his cousin Douglas, who is also the chairman.
Date 2009-09-01
Author Vivian Marino
1 Bryant Park gets huge refinancing
Success of the $1.275 billion loan package will likely be seen as an encouraging sign for the market, as it is one of the biggest single, private financings in years
Date 2009-06-25
Author Theresa Agovino
Governor Patterson and Mayor Bloomberg Join The Durst Organization to Announce $1.275 Billion Permanent Financing for the Bank of America Tower at One Bryant Park
Governor David A. Paterson and Mayor Michael R. Bloomberg joined The Durst Organization to announce $1.275 billion in financing for The Bank of America Tower at One Bryant Park. This is the first major real estate financing completed in the United States since capital markets crashed last fall.