Karsten Strauss

Lease Beat

US Census Bureau Takes 40,000SF at 32 Old Slip

32 Old Slip.

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

The Sit-Down

Build and They Will Come: Tucker Reed and the Reinvention of Downtown Brooklyn

tucker reed for web

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.

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Lease Beat

Clothier, Le Civette, Arrives on Upper East Side

A rendering of the planned Le Civette shop at 1242 Madison Avenue.

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

Lease Beat

Jefferies Group Renews, Expands at 520 Madison

520 Madison Avenue

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

Midtown South

Feeding the Techies: Food in Midtown South

Hill Country, a popular barbecue joint in Midtown South.

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

Lease Beat

WPP Group Renews at 100 Park Avenue

WPP renewed its lease on 43,294 square feet of space at 100 Park Avenue.

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

The Lobby

NGKF Promotes Three to Senior Managing Director

Jason Greenstein

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