Moinian Group has chosen Avison Young’s New York Team as exclusive leasing agent for its soon-to-be-built tower, 3 Hudson Blvd. Construction on the 1,000 foot building is slated to begin in 2014 and the building will receive tenants in 2016.
The Avison Young team leading the assignment includes Read More
A day of reckoning is just around the corner for a Cobble Hill landlord and the owner of a taqueria who have found themselves in an unusual squabble that included the tenant allegedly locking the building owner in his own basement. Read More
The United States Census Bureau is making a new home at 32 Old Slip in Lower Manhattan, signing a 40,000-square-foot lease. The company will take over the building’s ninth floor and a small portion of the eighth floor, paying in the low $40s per square foot, according to a January 22 report by Crain’s.
The Read More
Tucker Reed knows Brooklyn. As president of the Downtown Brooklyn Partnership, he’s in charge of directing the revitalization of one of the most rapidly evolving areas in New York’s most populous borough. Among other priorities, Mr. Reed has set his sights on bolstering the Brooklyn Tech Triangle, a combination of three Brooklyn neighborhoods—Downtown Brooklyn, Dumbo and the Navy Yard—that will employ 18,000 people and support more than 40,000 other jobs by 2015, with an overall economic impact of approximately $6 billion. Mr. Reed spoke with The Commercial Observer last week about Brooklyn’s Downtown renaissance, the retail impact of new industry and why the city’s commercial real estate brokers should continue to watch Downtown Brooklyn closely.
Luxury sportswear brand, Le Civette, will be launching its first New York store at 1242 Madison Avenue. The Florence, Italy-based company has signed a ten year agreement on 1,450 square feet of grade space after negotiations that began with an asking price of about $400 per square foot.
Faith Hope Consolo and Joseph A. Aquino, chairman and executive vice president of Douglas Elliman’s retail group, represented Le Civette, as well as the landlord, a co-op called 17 East 89th Street Tenants, Inc. Read More
Jefferies Group Inc. renewed its lease at 520 Madison, taking on an additional 133,000 square feet. The deal – which closed early this month – will keep the company in its Tishman Speyer-owned headquarters through 2029.
“Some of the space – the midrise space, which is floors 16 through 20 – is currently under a Read More
In the past several years the story of Midtown South has been the influx of technology and media firms seeking to set up offices along Manhattan’s Silicon Alley. This new workforce crowd has brought with it different tastes in food – both culinary and culturally – and it turns our that restaurateurs may not have Read More
With technology and media companies looking to Brooklyn for space to house their startup endeavors, the borough finds itself needing more square footage of office product. Those at the helm of Brooklyn’s Tech Triangle are thinking ahead to bring new options online and keep entrepreneurs on the right side of the river. Read More
Mineola, Long Island-based real estate company, Malachite Services, acquired a retail condo at 212 East 57th Street for $4.05 million. The 5,315-square-foot ground and lower ground floor gallery space is occupied by ILIAD New York, a world class purveyor of Austro-Hungarian, Biedmermeier, French art Deco and art modern furniture.
The seller, Sutton 57 LLC, was Read More
Hunter Roberts, a construction firm based in New York, is moving its office from 2 World Financial Center to the east side of the lower Manhattan area, 32 Old Slip, according to a report by Crains New York.
Hunter Roberts will be taking over the entire tenth floor — about 37,000 square feet — for Read More
WPP, the world’s largest advertising and communications services company, renewed its New York office’s lease at 100 Park Avenue. The deal, which closed the first week in January, will extend the company’s New York presence at a location it has called home for over ten years.
WPP’s space is comprised of the building’s entire fourth Read More
American Realty Capital New York Recovery REIT Inc. has acquired the long-term master lease for 14,510 square feet of retail and garage space at 350 Bleecker Street, at the northwest corner of West 10th Street, for $10.9 million. There are about 50 years left on the master lease.
The deal, which closed on the last Read More
Newmark Grubb Knight Frank has promoted three executives at its Manhattan headquarters to senior managing director positions. Jason T. Greenstein, Daniel L. Levine and Joshua L. Friedman each have been with the firm for a little more than a decade.
Mr. Greenstein focuses predominantly on tenant representation, advising a number of corporations in Manhattan, including Read More
Cushman & Wakefield announced it has promoted Tara I. Stacom to executive vice chairman.
Ms. Stacom, who joined the firm in 1981 after her college graduation, has been active in leading tenant representation and landlord leasing agents. She has consistently ranked among the firm’s top producing brokers including top two in the New York region Read More
Handbag and accessory designer, Rebecca Minkoff, has leased 13,000 square feet of office and showroom space on the 7th floor of 16 West 22nd Street, a 12-story building in Midtown South. Asking price was $38 per square foot in the 10-year deal, which closed last week.
The transaction represents a relocation and consolidation of the Read More
