David Feldman's book, Reverse Mergers: Taking a Company
Public Without an IPO, now in its third printing, was published in 2006
by Bloomberg Press (available on http://www.amazon.com).
View David Feldman's reverse merger blog at www.reversemergerblog.com.
Joseph Smith and David Feldman are coauthors of PIPES:
Revised and Updated Edition - A Guide to Private Investments in Public Equity
(Bloomberg Press, 2005) available on http://www.amazon.com.
In the News
Feldman
Weinstein was mentioned in Crain's New
York Business on July 10, 2002 in an
article about commercial real estate
in midtown.
Grand
Central district office rentals untracked,
Available space higher than elsewhere
in midtown; cheaper rents in other areas
by
Heike Wipperfurth
Billy
Macklowe, the building's owner, says
that he hasn't priced the space yet
and that it is too early to market the
building.
At the Graybar Building, at 420 Lexington
Ave., 37,000 square feet are coming
on the market today, when accounting
firm Paddell Kerr Forster moves to 29
Broadway. Steven Durels, a senior vice
president of leasing at building owner
SL Green Realty Corp., says a number
of law firms are interested in the space.
Its asking price is in the low-$40s
per square foot.
There are some signs of long-term strength
in the market, however, such as the
prospective sale of 450 Lexington Ave.
Shorenstein Co., a San Francisco property
firm, is under contract to buy the 88-year
ground lease for about $300 million
from Royal Dutch Shell Pension Fund.
It became available after Denver oilman
Marvin Davis pulled out of an earlier
deal, reportedly because of concerns
over the cost of terrorism insurance.
The deal is expected to close in two
weeks.
As in the rest of midtown, what activity
there is in the Grand Central area is
coming from smaller deals. Two weeks
ago, W.R. Hambrecht, an investment boutique
based in San Francisco, signed a five-year
lease for 7,000 square feet on the 18th
floor of the Graybar Building for an
amount in the low-$40s. It had been
in 1 World Trade Center and temporarily
had offices in Union Square.
Two months earlier, Feldman
Weinstein took out a 10-year lease for
7,000 square feet on the 26th floor
for a price in the low-$40s. The law
firm came from 36 W. 44th St., where
it didn't have enough space.
