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
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
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]
Tech tenants sign almost 90 percent of Times Square leases in last 18 months [The Real Deal] 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
Yahoo Signs Long-Term Lease at Former NYTimes Building [Commercial Observer]
Orange Business Services Moves to Midtown [Commercial Observer]
RWN Pays $3.8 M. for Bowery Retail Condo, Appoints RKF to Market [Commercial Observer]
Yahoo Getting Space at Old Home of The Times [NY Times]
Financial Firms Said to Seek Alternative to Bloomberg Read More
The global IT and communications services provider Orange Business Services will be leaving the Financial District, The Commercial Observer has learned.
The firm has been operating out of a suite at 2 World Financial Center but will be moving uptown to centralize their offices inside a 17,000-square-foot, full-floor space at 10 East 40th Street,.
“As a communications service provider that caters to Read More
The New York-based development and construction firm Wonder Works Construction will be leaving its offices in Flatiron to move to Herald Square.
The firm currently houses its main office in a 5,000-square-foot office on the fourth floor of 18 West 21st Street, but will move out in favor of a larger 8,000-square-foot suite at Sol Goldman Investments’ 894 Sixth Avenue. Read More
The mixed-use building at 137 East 47th Street between Third and Lexington Avenues has been sold for $8 million dollars. The owners, undisclosed local investors, sold the building for nearly four times the price they paid less than a decade ago.
“The sellers bought in 7-8 years ago for $2.4 million dollars and today exited Read More
Promising Brooklyn startup gives up on NYC [Crain’s]
Silverstein Secures Financing for 926-Foot Lower Manhattan Hotel, Condo [Commercial Observer]
ASA College Inks 160,000 SF at Herald Center [Commercial Observer]
Trading Up: Boutique Financial Services Firms Flock to 540 Madison Avenue [Commercial Observer]
Lenox Hill Hospital/North Shore-LIJ Renews at 110 East 59th Read More
Nassi gets “monkey off his back” with 315 Park Avenue S. sale [The Real Deal]
Manhattan’s 10 most valuable office leases of Q1 [The Real Deal]
City partners with experts to re-imagine midtown [Crain’s]
Donald Trump on stand at Chicago trial [Crain’s]
LIPA privatization moves closer [Crain’s]
Jay-Z-backed wing eatery Read More
Insignia National Title Agency, a boutique provider of title insurance, will nearly triple its office space in an expansion and relocation uptown, officials told The Commercial Observer.
The company will move to a new 5,600-square-foot office space on the seventh floor of 6 East 39th Street, otherwise known as the Craftsman Building, between Madison and Fifth Avenue in Midtown. Read More
REBNY: Retail is Rocking [Globe Street]
Related Co’s Stephen Ross to Give Away his Money [Real Estate Weekly]
Vornado Outlines Post-Fascitelli Succession Plan [The Real Deal]
Retailer Demand, Tourists Help Boost NYC Retail Sector: REBNY [The Real Deal]
Verizon to Lease or Sell Space in its Manhattan Headquarters [Bloomberg]
Hedge Read More
Starwood Hotels Injects $400M into NY Properties [Globe Street]
Chuck Eyes Re-Zone Bonds [New York Post]
A Long Road to New Library Space [Wall Street Journal]
App-etite for Expansion [Wall Street Journal]
“Back to the Drawing Board” at 254 West 31st Street After Social Media Company Reconsiders [Commercial Observer]
Catching Read More
The Luxembourg-based facility manager and business support system Regus will open a new location downtown. The company operates more than 1,400 locations around the world with nearly 60 in the city.
With a lease duration of 10 years, Regus’ latest office boasts 32,000 square feet at 101 Sixth Avenue, an Edward J. Minskoff Equities asset north of Canal Street with steep asking rents of $75 per square foot. Read More
