Laura Kusisto

Prospective Tenants

L’Oreal Looking for 500K Feet


Adding a much-needed gloss to the city’s ho-hum roster of mega-tenants, L’Oreal, the world’s largest cosmetics company, has just started looking for 500,000 square feet for its New York headquarters.

The company’s current HQ is at the Emery Roth-designed 575 Fifth Avenue, but the lease expires in 2015. The 520,000-square-foot building at 47th Street, which was bought Read More

Lease Beat

Bill Rudin Gets Some Talent at 41 Madison

Haven't seen this face in a while.

Nothing takes us back to that halcyon year of 1996 as does seeing the likes of Michael Ondaatje and Drew Carey in the same paragraph. In a delightful blast from the not-so-distant past, the stars’ respective talent agencies have renewed at the Rudin family’s 41 Madison Avenue.

The Gersh Agency, who, in addition to a svelter Read More

Building Expectations

A Condo Grows at 83 Walker Street: A Peek

83 Walker rendering.

Way under the radar, a lovely new Tribeca condo is growing at 83 Walker Street and The Observer has caught an initial peek.

The new nine-story building by Brooklyn developer Abra has just received a unanimous go-ahead from the Landmarks Preservation Commission.

“It’s a beautiful Tribeca building with a twist,” said architect Morris Read More

Lease Beat

Red-Sauce Sushi Joint

West Coast classic.

Raw fish is a dish we generally prefer with a side of irony. Thus, in our second-favorite reason this week to mock BroBillies, the nabe is getting that snooziest of cuisines, an Asian fusion restaurant.

Indeed, the press release contains more signs of the Apocalypse than we can count. To wit: “Fushimi offers a family-friendly, yet Read More

Lease Beat

TD Decided: Grabs 57th Street Glass Cube

You can see right through this one too.

TD Bank’s latest real estate move lends new meaning to their gestures at increased transparency.

The Canadian-based bank has just signed a lease for a 4,000-square-foot space on the ground floor of a new all-glass retail and office space at 201 East 57th Street, the New York Post reported. Although currently little more than a Read More

Lease Beat

Richard Meier Renews Early on 10th

He chose glass, of course.

It took five years for the first penthouse at the Richard Meier-designed On Prospect Park to sell, but significantly less than that for the architect to lock down a new lease.

Richard Meier & Partners has signed an early renewal of their 18,500-square foot lease at 475 10th Avenue. They’ll be hanging out on the Read More

Lease Beat

Neverending Nightmare: Halloween Firms Cram Broadway Building


Whether it was a magic spell or just those bargain asking rents, four companies specializing in Halloween merchandise and apparel have signed leases at 1115 Broadway—a building that has apparently targeted this nichest of markets.

“Eleven-fifteen Broadway has always catered to the seasonal products industry,” said James Buslik of Adams & Co. in a statement. Read More

Building Expectations

Trinity’s 330 Hudson to Go Office


Trinity has not had an easy time unloading a prime site at 330 Hudson Street. The ecclesiastical landlord leased the site to a developer four years ago, but waited for months on end for a planned hotel conversion to go forward.

Trinity ultimately took back the lease, and today announced that a new 99-year ground Read More

Housing Woes

Wage War Between Dems, Affordable Housing Advocates

Mr. Lopez at work.

A rare divide has formed between Democrats and affordable housing advocates over a prevailing wage provision in the extension of the popular 421-a tax credit. Those advocates say that an extension of the 421-a tax credit that includes requiring them to pay prevailing wages to construction workers on non-public projects will drastically reduce the number of Read More