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Twentieth Century office towers cant survive in the Twenty-First on their historic reputations, architectural distinction or landmark status.

Companies today place a higher value on an older propertys contemporary assets such as state-of-the-art systems and high-end amenities that are for tenants use only.

The latest trophy building to complete a transformative repositioning is Harbor Group Internationals 51 W. 52nd St., the fabled former home of CBS known as Black Rock.

It was the first and only office tower by architect Eero Saarinen, who designed the landmarked TWA Terminal at John F. Kennedy Airport.

The $128 million Black Rock project brought the distinctive tower on the East Side of Sixth Avenue a plush, lounge-like tenants-only lobby on the 52d Street side and a modernized public lobby on 51st Street.

But only tenants enjoy the projects fun component — a cellar-level amenity suite including a state-of-the-art fitness center, a yoga room and a cafe.

All the changes helped generate 325,000 square feet in new and renewal leases that brought the towers 900,000 square feet to nearly 90% leased since HGI bought it for $760 million in October 2021 — no small feat after original owner CBS moved most of its offices out a few years ago.

CBS was the most powerful media company in the world when the tower opened in 1964, said Howard Fiddle, head of the CBRE leasing team. It was so ahead of its time with column-free floor plates.

Black Rocks smallish, 25,000 square-foot floor plates, which result from the way the tower is set deeply back from the street line, make it more of a boutique building than is normal on Sixth Avenue. The floors get natural light through floor-to-ceiling windows, Fiddle said.

The towers notable tenants include law firm Wachtell Lipton Rosen & Katz and Canadian pension fund CPPIB, which just moved into the top two floors.

About 135,000 square feet remain available. Asking rents range from $90 per square foot on lower floors to $140 psf on higher ones.

Although not a household name in the city, HGI and its affiliates control a $20 billion investment portfolio in the US and Europe.

Black Rocks rejuvenation belongs to the overall revival of Midtown Sixth Avenue, which appeared to be headed for trouble before the pandemic when some large tenants, CBS among them, announced plans to move away.

But the corridors vacancy rate today is only between ten and eleven percent depending on which market report you follow, compared with a Manhattan-wide average of twenty-plus percent. Much of the corridors strength is due to extraordinary investments major landlords made in their properties.

As weve noted before, the upgrades include Rockefeller Groups top-to-bottom redesign of the former Time + Life tower at 1271 Sixth Ave. and the many improvements to the original Rockefeller Center complex made by Tishman Speyer.

The commercial refinance game is the toughest in town these days. But Williams Equities completed a $155 million, five year CMBS loan for its 28-40 W. 23rd St., a familiar sight to Ladies Mile shoppers for its big Home Depot signs.

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Citi Real Estate Funding is the lender. The new loan will help to fund building improvements and amenities that are to include an updated atrium and skylights and a building-wide roof deck.

A Williams Equities spokesman said the refinancing is in line with our successful, timeless multi-generational strategy.

Office tenants at the 578,105 square-foot 28-40 W. 23rd — once a department store — include numerous creative, digital and tech firms.

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Ovechkin, Capitals finish off Canadiens in Game 5

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Ovechkin, Capitals finish off Canadiens in Game 5

WASHINGTON — Alex Ovechkin scored on a laser of a shot off a faceoff, Logan Thompson made some spectacular saves among his 28, and the Washington Capitals beat the Montreal Canadiens 4-1 in Game 5 of their first-round series Wednesday night to advance in the Stanley Cup playoffs.

It’s the Capitals’ first series win since capturing the Stanley Cup in 2018, and they clinched at home for the first time since 2015. They face the Carolina Hurricanes in the second round with a spot in the Eastern Conference finals at stake.

Ovechkin led the way with his power-play goal 11 minutes in, setting off chants of “Ovi! Ovi!” from the juiced-up crowd. Pierre-Luc Dubois delivered a perfect pass to Jakob Chychrun, who beat Jakub Dobes just over two minutes later. Tom Wilson provided a valuable insurance goal late in the second period.

Fans expressed their appreciation for Thompson with chants of “LT! LT!” when he turned aside Kaiden Guhle on a 3-on-1 rush and with under two minutes left when he flashed his glove to rob Nick Suzuki with Dobes pulled for an extra attacker. Brandon Duhaime sealed it with an empty-netter with 25.6 seconds left.

Thompson was at his best at the start, when the Canadiens came out with the desperation expected from a team facing elimination, and in the third period, when they pressed and tilted the ice toward him. Much like the final minutes of Game 2, Washington’s No. 1 goaltender kept the puck out of the net in crucial situations to pave the way to a victory — sometimes getting his masked head in the way of shots.

The Capitals asserted their dominance in the East’s 1 versus 8 series a year after getting swept as the underdog in it by the New York Rangers. Banged up and without top goalie Sam Montembeault and scoring winger Patrik Laine, the Canadiens got a goal from Emil Heineman but ultimately ran out of steam after going on a tear down the stretch late in the regular season to be the last team to qualify for the playoffs.

Carolina and Washington will meet in the playoffs for the first time since 2019. The Hurricanes won that series in seven games on a goal in double overtime.

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Panthers oust Lightning, win battle of Fla. again

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Panthers oust Lightning, win battle of Fla. again

TAMPA, Fla. — Eetu Luostarinen had a goal and three assists to lead the Panthers to a 6-3 Game 5 victory over the Tampa Bay Lightning as Florida moved into the second round of the Eastern Conference playoffs.

Carter Verhaeghe, Anton Lundell, Aleksander Barkov, Sam Bennett and Sam Reinhart also scored for Florida. Sergei Bobrovsky finished with 26 saves as the defending Stanley Cup champion Panthers defeated their in-state rival in five games in the first round for the second consecutive season.

The Panthers will play the winner of the Maple LeafsSenators series, which Toronto currently leads 3-2.

Nick Paul, Gage Goncalves and Jake Guentzel scored for Tampa Bay. Andrei Vasilevskiy finished with 25 saves. Since advancing to three consecutive Stanley Cup Final appearances from 2020-22, the Lightning have lost in the first round for the past three seasons. Tampa Bay fell to 1-9 in the past 10 home playoff games.

Bennett scored with 4:47 left in the second period just six seconds after he came out of the penalty box, finishing off a 2-on-1 chance and beating Vasilevskiy to the far post on the stick side to lift the Panthers to a 4-3 lead. The Panthers have now won 22 straight playoff games when leading after two periods.

Tampa Bay scored the opening goal for the first time in the series when Goncalves scored 2:33 into the game. But Florida answered with a power-play goal from Verhaeghe at 5:21 and Lundell redirected a Brad Marchand pass at 10:06.

Paul pulled the Lightning even at 12:16 of the first with his second goal of the series.

Barkov tipped a Gustav Forsling shot 52 seconds into the second to put Florida back in front before Guentzel snapped an 0-for-16 power play slump for Tampa Bay at 9:57.

Information from The Associated Press was used in this report.

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Fan hospitalized after fall from 21-foot wall at PNC

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Fan hospitalized after fall from 21-foot wall at PNC

PITTSBURGH — An unidentified male fan fell from the 21-foot Clemente Wall in right field at PNC Park during Wednesday night’s game between the Pittsburgh Pirates and Chicago Cubs.

Right after Andrew McCutchen hit a two-run double in the seventh inning to put the Pirates ahead 4-3, players began waving frantically for medical personnel and pointing to the man, who had fallen onto the warning track.

The fan was tended to for approximately five minutes by members of both the Pirates’ and Cubs’ training staffs as well as PNC personnel before being removed from the field on a cart.

The team issued a statement shortly after the game ended, saying the man was transported to Allegheny General Hospital. No further details were given.

Pirates manager Derek Shelton and Cubs manager Craig Counsell both alerted the umpire crew of the situation immediately after the play.

“Even though it’s 350 feet away or whatever it is, I mean the fact of how it went down and then laying motionless while the play is going on, I mean Craig saw it, I saw it. We both got out there,” Shelton said. “I think the umpires saw it because of the way it kicked. It’s extremely unfortunate. That’s an understatement.”

Players from both teams could be seen praying, and McCutchen held a cross that hung from his neck while the fan was taken off the field. The game was paused for several minutes while the man was tended to but there was no official stoppage in play.

Fans have died from steep falls at baseball stadiums.

In 2015, Atlanta Braves season-ticket holder Gregory K. Murrey flipped over guard rails from the upper deck at Turner Field. That was four years after Shannon Stone, a firefighter attending a game with his 6-year-old son, fell about 20 feet after reaching out for a foul ball tossed into the stands at the Texas Rangers‘ former stadium.

Both incidents prompted scrutiny over the height of guard rails at stadiums. The Rangers raised theirs, and the Braves settled a lawsuit with Murrey’s family.

A spectator at a 2022 NFL game at Pittsburgh’s Acrisure Stadium died after a fall on an escalator.

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