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Al Barbarino

Lease Beat

High-Profile Restaurateurs Ink Deal at AKA Times Square

A rendering of The Hunt & Fish Club from the restaurant's Facebook Page.

Investment entrepreneur Anthony “Mooch” Scaramucci has signed a 10-year, 10,000-square-foot deal for The Hunt and Fish Club at 125 West 44th Street, Commercial Observer has learned.

The high-end steak and seafood restaurant is under construction and expected to open at the base of the luxury extended stay AKA Times Square in late August, taking  a space previously occupied by the Dopo Teatro Italian Eatery for 18 years. Read More

Lease Beat

German Real Estate Firm Opens Midtown Office

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Germany-based real estate brokerage Engel & Völkers is opening its first office in New York City after cutting a 12,000-square-foot lease at 430 Park Avenue.

The 11th floor space at the 16-story tower Midtown office tower launches Engel & Volkers NYC, which will focus on high-end sales and leasing. Read More

Manhattan Retail Asking Rents Up 20 Percent: REBNY

1-fifth-avenue-new-york-2009-rate-per-sqft-per-year-1700

The Manhattan-wide jump to $139 per square foot was notable but starkly contrasted by the booming top tier corridors. The stretch between 49th and 59th Streets on Fifth Avenue, for instance, led the pack again this year with record-breaking asking rents of $3,550 per square foot. Read More

Lease Beat

Inter Parfums Moves Forward with New Lease at 112 Madison

112 Madison Avenue. (Credit: Samco Properties)

Inter Parfums has signed a 7,500-square-foot lease for the top floor at Samco Properties112 Madison Avenue, Commercial Observer has learned.

The developer, manufacturer and distributor of beauty and fragrance products – which dissolved its lucrative relationship with Burberry last year – outgrew a previous space at 1 Park Avenue and will nearly double its square footage with the move, said Robert Eisenberg of Newmark Grubb Knight Frank, who represented the tenant with Mark Weiss and Scott Gutnick of the same firm. Read More

Lease Beat

Global Strategy Group Moving to 215 Park Avenue South

215 Park Avenue South. (SL Green)

Public relations firm Global Strategy Group has signed a 21,974-square-foot lease for the 15th floor — and a portion of the 14th — at SL Green’s 215 Park Avenue South, Commercial Observer has learned.

The firm plans to relocate from its existing offices at 895 Broadway this fall and was drawn to the building’s location in the heart of Union Square, at 18th Street, and an existing installation that will serve as the new backdrop for their expanding operations. Read More

Power Broker

Lee & Associates’ Harlem Shakers

(Photo: Aaron Adler)

Mr. Goldfarb grew up on Rivington Street on the Lower East Side back when people sat on their stoops for entertainment, when you knew everyone in the neighborhood by name, and before the cramped, railroad-style tenements stretching from South to 15th Streets were razed and turned into projects. Read More

Sales Beat

Itzhaki Properties Arranges $7M East Harlem Sale

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Latin Harlem Properties, LLC, a private investor, has purchased a four-story mixed-use building at 1634 Lexington Avenue in East Harlem for $7 million.

David Chernoff, who brokered the sale with Nissim Oron, both with Itzhaki Properties, said in a written statement that recent buyers in the area are not “traditional East Harlem buyers,” willing to spend the extra cash to seal deals. Read More

Lease Beat

Brand Learning Inks New Lease at 80 Broad Street

80 Broad Street. (Savanna)

Brand Learning has signed a new seven-year, 4,765-square-foot lease at Savanna‘s 80 Broad Street for a portion of the 21st floor, Commercial Observer has learned.

The marketing firm, which is relocating from Jersey City, New Jersey, has a global team of over 150 people and has supported over 120 clients in more than 60 countries across a wide range of industry sectors, with clients that include BacardiBritish AirwaysCadburyColgateHPYahoo! and a long list of other national and international brands. Read More