Rocco’s Tacos inked a 15-year, 14,500-square-foot deal at 339 Adams Street in Downtown Brooklyn.
A team from The Shopping Center Group represented the tenant. Ross Spitalnick was the in-house landlord representative for Muss Development. Ariel Schuster and Brian Segall of RKF also represented the landlord. Read More
Protravel International Inc. has renewed its 47,100-square-foot lease in New York.
The travel company that caters to the city’s high-profile international travelers will remain at the prized Art Deco DuMont Building at 515 Madison Avenue. Read More
Kushner Companies seeks highly motivated seasoned Property Manager to assist with our East Village portfolio
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The accounting and tax services firm FLSV Fund Administration Services will be expanding its office along the Broadway Corridor at W&H Properties’ 1359 Broadway.
Founded by four senior executives from Morgan Stanley in 1995, FLSV has expanded into three offices – in Garden City, New York, and Seattle – and more than 70 professionals. Read More
Gina Group LLC is expanding its presence at 10 West 33rd Street, otherwise known as the Fashion Accessories Center.
The manufacturing, licensing, and distribution company will be taking an additional 3,177 square feet on the third floor and 2,944 square feet on the fourth floor, bringing the company’s total occupation to 31,000 square feet in the building. Read More
Morgan Stanley has inked the year’s largest sublease with an 11-year deal for 148,421 square feet of space at Vornado Realty Trust’s 1290 Avenue of the Americas.
The space is across the entire 12th and 13th floors, part of AXA Equitable’s 443,599 square feet in the 44-story, 2-million-square-foot tower, according to The Real Deal, which Read More
The digital marketing firm DataXu signed a five-year, 8,732-square-foot lease at 373 Park Avenue South, The Commercial Observer has learned.
John Lord, a senior managing director at ATCO Brokerage Services, represented the landlord, ATCO Properties & Management. Jack Petrie, the president of Office Lease Center represented the tenant. Asking rent was $48 a foot. Read More
Eastern Consolidated Arranges $15.9 M. Sale of Adjacent Chelsea Buildings, Owner Will Replace ‘Rainbow Station’
Two mixed-use properties at 205 and 207 Eighth Avenue, just steps from the High Line in Chelsea, have traded hands for $15.9 million, The Commercial Observer has learned.
Brokers handling the transaction said the properties – featuring 23 apartments and two retail spaces –attracted wide investor interest, with the sale going down just over three Read More
Greystone Becomes Freddie Mac Partner [Globe Street]
Saks Reportedly Explores Possible Sale [Globe Street]
Mad for Madison [Wall Street Journal]
Racing Around in the Yard [Wall Street Journal]
Transactions [New York Times]
The City Planning Commission has voted to approve the U.S. Tennis Association‘s $500 million renovation and expansion of the National Tennis Center after the USTA agreed to more than double the city parkland being lost through the project.
Flushing, Queens community members had opposed the use of a 0.68-acre strip of city parkland, but the USTA agreed to replace Read More
The Cushman & Wakefield broker marketing the Toys “R” Us flagship retail space in Times Square said today that he believes the space will be broken up for multiple tenants after the toy store’s departure.
C&W’s Brad Mendelson told The Commercial Observer that while Toys “R” Us has the option to renew in 2016, “I don’t believe Read More
Ideal for a flagship retail tenant, the dual-level space at 353 West 14th Street was recently vacated by Comix Comedy Club. Featuring 50 feet of frontage and soaring ceilings, the space enjoys visibility from both Ninth Avenue and 14th Street.
“Its exposure and visibility is unparalleled to anything else, because even if you’re on the other side of Ninth Avenue, your visibility is limited,” Melinda Miller of Winick Realty told The Commercial Observer last week.
After the jump, Ms. Miller points out some of the more unique features of Meatpacking District space, which Winick began marketing last week. Read More
A team from Cushman & Wakefield is marketing a prime retail space at 1514 Broadway currently occupied by Toys “R” Us – a move that comes in anticipation of a reported $38 million jump in rent that could give the toy store no other choice than to run from Times Square like a wronged schoolboy. Read More
Summit Business Media has signed an eight-year relocation and expansion for the 17,000-square-foot 10th floor at 469 Seventh Avenue, where Colliers International continues to market several full floors that include a “building-within-a-building” option for a potential anchor tenant.
Summit, a media company that caters to the insurance, financial services, legal, and investment advisory markets, is relocating from Read More
5W Public Relations has subleased 39,075 square feet at Minskoff Equities‘ 1166 Avenue of the Americas.
Studley Senior Managing Director L. Craig Lemle and Assistant Director Nick Zarnin represented the tenant. CBRE’s Roger Griswold represented D.E. Shaw & Co., which subleased the space. Asking rents were $46 per square foot. Read More
Saks jumps after revenue rise and sale talks emerge [Crain’s]
Citi Bike app goes live [Crain’s]
Huge Times Square Toys R Us space in limbo [Crain’s]
Union Square gets 5,000% return on Tumblr [Crain’s]
Weiner declares NY mayoral run on YouTube [Financial Times]
For U.S. Companies, Money ‘Offshore’ Means Manhattan Read More