RELATED ARTICLESMORE FROM AUTHOR Pinterest Business Matters Ep 45 – Boyd Robinson, Annette Houston & Michael Margey Facebook LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton Guidelines for reopening of hospitality sector published Twitter Post-mortem due on body of Caolan Page today Calls for maternity restrictions to be lifted at LUH WhatsApp Previous articleAthletics – Letterkeny Athletes Among National Award NomineesNext articleUp to 10% of County Donegal could be left with blank TV screen when digital arrives News Highland News By News Highland – October 18, 2011 Pinterest Twitter A post-mortem examination on the body of County Donegal teenager Caolan Page is due to be carried out this morning.The 19 year old from Upper Kildrum in Carrigans was discovered in Magazine Street, Derry, early on Saturday morning.Meanwhile, thousands of people have paid their respects to the Donegal teenager on a Facebook page set-up in his memory.The ‘RIP Caolan Page’ tribute site on Facebook has attracted almost 5,800 ‘likes’ since Saturday.Caolan was taken to Altnagelvin Hospital after being found injured near the Walls on Magazine Street, Derry, at around 2am on Saturday.Detectives were last night going through CCTV footage of the area where the St Columb’s College A-level student sustained his fatal injuries.Police hope the images will help establish what happened to Caolan.A post-mortem examination is due to be carried out in Belfast today.Caolan’s own Facebook account was flooded with tributes from friends. Google+ Google+ Facebook Almost 10,000 appointments cancelled in Saolta Hospital Group this week WhatsApp Need for issues with Mica redress scheme to be addressed raised in Seanad also
Thanks to its solid investment-grade rent roll, the building’s finances have hardly been impacted by the pandemic. A 385-square-foot coffee shop on the ground floor is the only tenant that is behind on rent, and no tenants have been granted rent relief.Vornado pays $1.6 million per year in ground rent at the property, with no rent steps or resets through 2063. The fee owner is “an affiliate of Mendik Company,” according to the DBRS report, while public records indicate that its president is Mark Karasick, a principal of 601W Companies.Contact Kevin Sun Full Name* Share on FacebookShare on TwitterShare on LinkedinShare via Email Share via Shortlink Message* Tags Email Address* Vornado’s Steve Roth. (Getty, Google Maps)Since it was built in 1968, the 490,000-square-foot warehouse at 909 Third Avenue in Midtown has been home to the United States Postal Service’s main mail handling facility in New York City. The warehouse forms the base of a 32-story office tower designed by Emery Roth & Sons, giving the building — which occupies the block between 54th and 55th Streets — a unique shape.Vornado Realty Trust acquired the leasehold interest in the property in 1999, and has since invested more than $184 million in capital improvements, including two major renovations that added outdoor amenity space and led to the building receiving LEED Gold certification.According to a new rating report from DBRS Morningstar, Vornado is currently lining up a $350 million CMBS refinancing for the building that’s expected to close in mid-April. The document also provides an inside look at the property’s finances.As of December, the 1.35 million-square-foot property was 98 percent leased to 15 tenants, according to the DBRS report. Investment grade-rated tenants account for 66 percent of the rentable area.In terms of annual rent paid, the building’s largest tenant is IPG DXTRA, a subsidiary of the Interpublic Group of Companies, one of the “big four” global advertising shops. IPG first moved to the property in 2013 with 230,000 square feet of direct space, and expanded its footprint a few years later by subleasing 112,300 square feet from Forest Laboratories.Forest Laboratories, which is now part of pharmaceutical conglomerate Allergan, is the property’s second largest office tenant with nearly 169,000 square feet, including space subleased to other tenants. Financial advisory and wealth management firm Geller & Company rounds out the top three with 126,000 square feet on the 15th through 18th floors.While office tenants at 909 Third Avenue pay between $60 and $80 per square foot in annual gross rent, USPS’s rent is far cheaper at $14 per square foot. According to an appraiser estimate cited by DBRS, market rent for the industrial space could be as high as $55 per square foot on a triple-net basis“Due to the unique nature of the space, mission critical location in the heart of Manhattan, renewal history, and severely below-market rents, DBRS Morningstar assumed that the USPS will continue to extend its lease through the final maturity date in October of 2038,” the report says.Read more2018: Omni takes full floor at 909 Third Avenue2018: Wall Street spin doctor Sard Verbinnen relocating on Third Avenue2015: IPG inks huge expansion at Vornado’s 909 Third Share via Shortlink cmbsOffice LeasingTRD InsightsVornado
View Comments Christopher Gatelli is putting on his Top Hat! The Tony-winning Newsies choreographer is slated to direct and choreograph a developmental lab of the musical Top Hat, according to an Equity casting notice. It was previously rumored that Broadway legend Tommy Tune would stage the show. Tony nominee Chad Beguelin (Aladdin) is on board to write the book. Top Hat is adapted from the 1935 Irving Berlin movie musical starring Ginger Rogers and Fred Astaire. The London stage adaptation had a book by Matthew White and Howard Jacques and included songs from the whole of Berlin’s musical catalogue. The production premiered in the West End in April 2012 and went on to win three 2013 Olivier Awards including Best New Musical. The lab will take place March 7 through 20.