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Related, Oxford Mull Partial Sale of 35 Hudson Yards

Related Companies Oxford Properties are exploring a sale of part of 35 Hudson Yards, a 92-story tower on Manhattan’s Far West Side that houses the Equinox Hotel, reported Bloomberg News. A Newmark Group team led by Doug Harmon and Adam Spies are representing the owners on the deal, which has a potential price tag of roughly $600 million.

The developers seek to sell or recapitalize the office, retail, fitness and hotel condominiums at the skyscraper, completed in 2019. The 143 residential units within the building would not be included in any sale.

The property that’s being marketed includes 180,000 square feet of fully leased offices, an Equinox gym and the 212-key Equinox Hotel. The retail portion is 73% leased.

Related and Oxford raised $2 billion to develop the 1,000-foot tower in 2016. The office, retail and fitness components qualify for a tax abatement that’s in place through 2039. 

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition