BY JOTHAM SEDERSTROM

» When the television series 666 Park Avenue debuts this Sunday, it will mark the latest example in a long tradition of writers and directors setting fictional lives in actual New York City real estate.

Be it the Ansonia at 2109 Broadway, the real-life address associated with 666 Park Avenue, or 185 East 85th Street, the home of George and Louise Jefferson, the Big Apple is rife with real estate made famous through television shows.

With that in mind, The Commercial Observerreached out to Jonathan Miller, president and chief executive of Miller Samuel, for his thoughts on value using what limited information was available back in the day of Manhattan’s most recognizable television co-ops, hangouts and offices spaces. And while the numbers may be surprising, what we still haven’t figured out after all these years is how Joey Tribbiani was able to rent all that prime West Village space on a struggling actor’s salary.

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BY ALESSIA PIROLO

Originally opened in the 1930s as the grand ballroom for the Hotel Edison, the Art Deco Edison Ballroom, at 240 West 47th Street, once hosted some of the most famous bands of the swing era.

Indeed, for more 80 years, and through several ownership changes, it has never folded as a space for entertaining. When the ballroom closed, the venue was turned into the Edison Theatre, where its owners staged the revue “Oh! Calcutta!” and other Off Broadway shows. In 1991 it became The Supper Club, which was shuttered by its owners following 9/11.

Fearing the historical venue would be closed without some funding, Edison Ballroom LLC chose to revamp the space. “We took over the space in 2007, and it took us nine months to renovate,” said Bill Kaelblein, general manager of the Edison Ballroom. Mr. Kaelblein reviewed the floor plans with The Commercial Observer and explained how the current management modernized the 17,000-square-foot venue, which today hosts private events, movie openings and charitable fetes in a space designed to adapt easily to any event.

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BY DANIEL GEIGER

Facing an impending lease expiration at 75 Rockefeller Center, Warner Music is in the market exploring its options, sources say, including a potential consolidation into 1290 Avenue of the Americas where its label Atlantic Records already has offices.

Leases at the 600,000 square foot building all rollover in 2014 and 2015, a mass expiration that includes major tenants in the property such as the network NBC, the real estate firm Sterling Equities and Warner Music, which occupies eight floors totaling over 100,000 square feet at the property.

Extending at the property is currently impossible because the landlord, the Egyptian billionaire Mohamed Al Fayed, is in the process of marketing a leasehold interest in the property and the possibility of offering a vacant building is advantageous to that because it would allow a buyer to redevelop the asset. According to sources, the investment firm RXR Realty is in talks to acquire the leasehold.

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The November issue of The Mortgage Observer will feature the 20 most promising commercial mortgage brokers under 35 throughout the tristate area--but we need your help determining the best and brightest.

Whether it's thanks to financing volume or the complexity of the assignments they're given, we want to know who's racking up accolades in the mortgage industry, and we want your nominees for New York's next generation of mortgage brokers.

The due date for nominations is October 8, 2012. Those selected will be featured in our November issue. Include titles and company names for all submissions and include a little bit about why you think they deserve to be featured. Nominate yourself, a colleague, a friend or your son and daughter. Doesn't matter to us, just send your submissions by October 8.

Send nominations to topmortgagebrokers@observer.com. All emails will be kept strictly confidential.

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