Famed Hotel Wales could be heading for a condo conversion

Is the storied Hotel Wales on the Upper East Side about to fall victim to the luxury condo craze? The 89-room, 10-story property sold to DLJ Real Estate Capital for $35 million, property records show. The New York Post reports that Cushman & Wakefield, which had...

Tommy Hilfiger found a subtenant at Starrett-Lehigh

Payroll services firm Justworks is taking nearly 60,000 square feet at RXR Realty’s Starrett-Lehigh Building in Chelsea under a sublease from Tommy Hilfiger. The agreement runs through June 2020 and the asking rent was $39 per square foot, Commercial Observer...

Law firm moves to Paramount’s 1301 Sixth

Law firm Arent Fox Is leaving its Financial District digs and will move into a 76,000-square-foot space at the Paramount Group’s 1301 Sixth Avenue. The lease covers the 41st, 42nd and part of the 38th floor of the 45-story building, where asking rents are in the...

Is Ben Carson’s wife Candy the shadow secretary at HUD?

When President Trump named Ben Carson to be the Secretary of Housing and Urban Development last year, HUD’s career employees took it personally. How could the president insult people who had worked all their lives in housing policy by picking someone to preside over...

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