Posted Apr 23, 2026, 10:00 PM
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New Yorker for life
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Join Date: Jul 2001
Location: Borough of Jersey
Posts: 56,641
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Quote:
Originally Posted by Crawford
Yeah, I read the Crains article.
It's still an enormous leap. This is obvious politics, on both sides. Citadel isn't moving its biggest office bc Griffin didn't like a dumb photo op.
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No one cares if he does. It's not stopping this development, even if it was delayed a little. There's a battle for prime office space in New York, especially on Park Avenue. It's a city for all New Yorkers, not just the billionaires. Obviously, nobody is going to be happy about paying a little more. But the people who do business in the city realize certain things are necessary.
https://finance.yahoo.com/markets/stocks/articles/sl-green-realty-q1-earnings-200427830.html
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Marc Holliday, Chairman and Chief Executive Officer of SL Green Realty Corp.
We feel good about the city and state budget situation as well. The rating agencies did send a message to the new administration about wanting to see some efficiencies in the budget being negotiated now, and the budget that will be in place at the city level by June, and I have every confidence the budget gap will be solved through revenue enhancements, expense control, and support from the state. As has been reported, one piece of that sounds like it will be a new pied-à-terre tax the governor announced yesterday with the support of the mayor and the city council speaker.
Once you get past the notion that we need to find some revenue enhancements as part of this budget process, give credit to the governor for taking a pragmatic and surgical approach to ensure that all New York City residents are paying a fair share. This is a concept that has the support of many New Yorkers because it narrows the focus and impact to the highest earning non-New York City residents who otherwise pay no New York City income tax and benefit from New York City's exceptionally low residential real estate taxes.
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Meanwhile, Griffin is still spending, 220 CPS wasn't enough...
https://nypost.com/2026/04/17/real-estate/ken-griffin-spends-38m-for-neighbors-home-at-740-park/
Ken Griffin splashes out $38M for his neighbor’s home at NYC’s most exclusive co-op
By Mary K. Jacob
April 17, 2026
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Call him the king of the block. Ken Griffin has been on a shopping spree and he isn’t done buying.
The Citadel founder and hedge fund billionaire quietly scooped up a duplex at 740 Park Ave. this month for $38 million in an off-market transaction, sources told the Wall Street Journal.
The unit sits directly next door to the apartment he purchased last year for $45 million from Julia Koch, widow of the billionaire industrialist David Koch.
The financier already owns an apartment at 220 Central Park South, widely regarded as the finest condominium tower in the city, for which he paid roughly $238 million — a national record — in 2019.
Beyond Manhattan, his property portfolio spans a $122 million London mansion steps from Buckingham Palace, an $84.45 million Hamptons compound, and a collection of residences across Miami Beach and Palm Beach, including the $1 billion home dubbed the most expensive in the world.
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NEW YORK is Back!
“Office buildings are our factories – whether for tech, creative or traditional industries we must continue to grow our modern factories to create new jobs,” said United States Senator Chuck Schumer.
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