650 Fifth Avenue
650 Fifth Avenue | |
---|---|
General information | |
Status | Completed |
Location | 650 Fifth Avenue |
Height | 490 feet (150 m) |
Technical details | |
Floor count | 36 |
650 Fifth Avenue (earlier known as the Piaget Building and the Pahlavi Foundation Building) is a 36-story 150 m (490 ft) building on the edge of Rockefeller Center on 52nd Street in New York City.
The building was designed by
Tenants who leased space at 650 Fifth Avenue included
The Alavi Foundation itself has its headquarters in Suite 2406.[2]
Iranian ownership
In December 2008, the Asset Forfeiture Unit and Terrorism and National Security Unit of the
Bank Melli had originally financed it with a $42 million loan in 1978.
According to the U.S. government, the Alavi Foundation transferred 35 percent interest in the building to a
In 2012, the owners hired CBRE Group to overhaul the building and lease space and give the appearance that Iran no longer had ties to the building. The new group spent $11 million renovating the building lobby and elevators.[5]
In September 2013, United States District Court for the Southern District of New York Judge Katherine B. Forrest ruled "based on the uncontroverted record evidence, Assa was (and is) a front for [Iran's first national bank] Bank Melli, and thus a front for the government of Iran" and thus Alavi should forfeit for the property. Alavi indicated it would appeal the decision.[6]
In June 2017, acting U.S. Attorney
In 2019, the jury verdict to seize the property was overturned by a federal appeals court.[8]
See also
- Vanderbilt Triple Palace, formerly on the site
References
- ^ 650 Fifth Avenue profile - Emporis.com - Retrieved March 4, 2009
- ^ "Home." Alavi Foundation. Retrieved on July 5, 2016. "The Alavi Foundation 650 Fifth Avenue, Suite 2406 New York, New York 10019 "
- ISSN 0190-8286. Retrieved June 30, 2021.
- ^ "UNITED STATES FILES CIVIL FORFEITURE ACTION AGAINST ASSA CORPORATION'S INTEREST IN MANHATTAN OFFICE TOWER" (PDF). justice.gov. December 17, 2008. Retrieved February 8, 2023.
- ^ "650 Fifth Avenue in NYC Unveils New Look". REBusinessOnline. October 12, 2012. Retrieved June 30, 2021.
- ^ "Judge Orders 650 Fifth Avenue Ownership to Forfeit Assets". Commercial Observer. September 17, 2013. Retrieved June 30, 2021.
- ^ Neumeister, Larry (June 29, 2017). "Jury finds that NYC skyscraper owner violated Iran sanctions". AP NEWS. Retrieved June 30, 2021.
- ^ "U.S. Verdict allowing seizure of Iran-linked Manhattan skyscraper is overturned". Reuters. August 9, 2019.
External links
- Media related to 650 Fifth Avenue at Wikimedia Commons