Dow Jones Renews 117K Feet at Durst's 1155 Avenue of the Americas
At street level, 1155 Avenue of the Americas is Thomas Pink, but upstairs it's Don Draper meets Dow Jones. The News Corp.-owned publisher has signed a 117,000-square-foot lease for 10 years for advertising-sales offices on the third and fifth through eighth floors of the Durst Organization's 41-story black granite tower.
Date 2010-11-29
Author Zeke Turner
Financial Tech Firm Stretches in Durst's 675 Third for 10 Years
SS&C Technologies has already proven it can gobble up smaller companies; now it turns out it's got a similar appetite for space.
Date 2010-11-23
Author Laura Kusisto
Daring to differ - Creative opportunism pays off for Dursts
Durst's ability to radically change course is part of an opportunistic, trailblazing approach that for years has made it one of the city's most successful developers. Its methods have helped it continue to grow throughout a recession that has sidelined many of its rivals. In the past year alone, the developer has been busy. Along with partner Bank of America, it not only recently completed the city's second-tallest building—1 Bryant Park—it also refinanced the $1.3 billion property twice, despite the worst credit crunch in decades. The company also lined up a $200 million credit line to purchase distressed real estate assets and has already used some of it to snap up mortgages on two Manhattan development sites. Meanwhile, Durst and a partner bought a prewar property on Fifth Avenue for $42 million and plan to turn it into a condo.
Date 2010-08-09
Author Theresa Agovino
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