Real Estate Group Handles Significant Manhattan Transactions

September 5, 2006

Following are some recent transactions handled by our Real Estate Group:

The firm represented Forest City Ratner in the leasing of approximately 200,000 square feet in The New York Times building to Legg Mason, making Legg Mason the second-largest tenant in the building. Forest City owns 700,000 square feet in the building, including floors 28 through 52 plus 21,000 square feet of ground level retail space. In May, law firm Seyfarth Shaw became the first tenant for the building at 620 Eighth Ave., at 41st Street. The New York Times owns and occupies the rest of the 1.6 million square foot building. This deal was reported in Crain's New York Business, August 16.

In one of the biggest co-op deals of the year, the firm represented a client in the purchase of a $26 million duplex at the Beresford, the landmark co-op building at Central Park West and 81st Street. The sale price of $26 million is the highest ever for an apartment at the Beresford, according to Jonathan J. Miller, the president of the appraisal firm Miller Samuel. The apartment has about 5,000 square feet of interior space, and the price is equal to about $5,200 per square foot. The purchase was reported in The New York Times on August 13.