Crain's New York

DuMont Building owner doubles down on struggling tower

Like many Midtown office towers, the DuMont Building is struggling. The handsome 42-story tower at the corner of Madison Avenue and East 53rd Street is generating only 73% of the cash needed to pay ...
Crain's New York

DuMont Building owner negotiates loan extension after default

A week after the DuMont Building defaulted on a loan, its owner said it has negotiated an extension. “We have agreed to terms with our lender and are finalizing documentation to extend the existing ...
Commercial Observer

Kayser & Redfern Renews Lease at 515 Madison

Attorneys at Kayser & Redfern are staying put in the historic DuMont Building at 515 Madison Avenue. The law firm signed a seven-year renewal for its existing 3,956 square feet on the 31st floor of ...
Commercial Observer

Bridal Showroom Mark Ingram Atelier Expands to 10K SF at GFP’s 515 Madison

Luxury bridal showroom and boutique Mark Ingram Atelier will be walking down a newly expanded aisle at 515 Madison Avenue, also known as the DuMont Building. The bridal shop, which took 8,360 square ...
Bisnow

GFP Defaults On $103M Loan Backing Midtown Office Building

GFP Real Estate has defaulted on a $103M loan it owes on a Midtown East office tower, according to a Fitch Ratings report. The Gural family-owned landlord failed to pay off the CMBS loan on the art ...