NYC Building's $80M Glass Facade Broke Lease: Landlord

Law360, New York (February 16, 2012, 6:58 PM EST) -- The landlord of a 26-story midtown Manhattan office building told a New York state appeals court during a hearing Thursday that the company leasing the building had broken its lucrative lease by adding an $80 million glass facade onto the building.

The dispute involves a so-called glass "curtain wall" that the long-term leaseholder of the building — an entity called 112 West 34th Street Associates LLC, controlled by real estate developer Malkin Properties — added to the building. The lease on the 34th Street building in...
To view the full article, register now.