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SL Green

Politics
Metro-North Rail Purchase Announced One Week After Cuomo's Election? Cynics Call Timing 'Fishy' Metro-North Rail Purchase Announced One Week After Cuomo's Election? Cynics Call Timing 'Fishy'
Metro-North Rail Purchase Announced One Week After Cuomo's Election? Cynics Call Timing 'Fishy' Does anyone think the Metropolitan Transportation Authority's plan to buy Grand Central Station and two of Metro-North's commuter railroad properties a week after Election Day had bizarre timing? The MTA Board was expected to vote on the plan to buy the privately owned properties on Thursday, Nov. 15. One week after Gov. Andrew Cuomo of New Castle was elected to a third-term, the MTA proposed buying the 105-year-old Grand Central Terminal and two Metro-North railway lines for $35 million. Several of the Top-10 contributors to Cuomo's re-election campaign have ties to the MTA. In fact, fina…

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by Jon Craig
Real Estate
Sold! Office Complex Goes For $55M In Rye Brook Sold! Office Complex Goes For $55M In Rye Brook
Sold! Office Complex Goes For $55M In Rye Brook A six-building office complex formerly known as Reckson Executive Park has been sold for $55 million, according to CBRE commercial real estate firm that brokered the deal. The property at 2 and 3 International Drive in Rye Brook, near King Street and New York's border with Connecticut was purchased by George Comfort & Sons.  Manhattan-based George Comfort & Sons acquired the 563,596-square-foot office complex in a joint venture with a fund managed by DRA Advisors. The complex was owned by SL Green, which announced in April the impending sale of the property. "The tightening o…

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by Jon Craig