Macklowe and SL Green come to terms

Harry Macklowe and SL Green Realty Corp., which had been feuding in court over control of 510 Madison Ave., have reached agreement that will determine the building’s owner within the next eight months. Under the deal, Mr. Macklowe will have until March 1 to repay loans to SL Green but if he doesn’t succeed he will not fight the company’s foreclosure efforts. Any effort to fight the foreclosure …

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Pfizer building sale seen reflecting market weakness

Industry sources say that the spirited bidding for the Pfizer Inc. building at 685 Third Ave. last week reflects two distinct truths about the current state of the citys commercial real estate market: There is very little for sale and there is still concern about leasing activity. More than a dozen firms made offers this week on the 650,000-square-foot property near Grand Central. Numerous bids …

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Building a Greener Tastykake

PHILADELPHIA, PA The Tasty Baking Company has moved its operations into what it is calling the world’s largest green bakery. The snackmaker, founded in 1914, has moved all production lines to a new facility awaiting LEED certification.

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Silicon Valley all aglow on green lighting

SAN FRANCISCO, June 28 Silicon Valley has seen the light, and its LED. The incandescent light bulb has had the global lighting market in its grip for more than 130 years, building into a more than US$100 billion (RM324 billion) industry. But green concerns about efficiency spell an end to the era, and the US technology capital sees …

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