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Michael Ewing

Lease Beat

Two Creeks Capital Management Signs at 40 West 57th Street

Courtesy of LeFrak

Two Creeks Capital Management has signed a lease in Midtown.

The small financial services firm will take a 13,487-square-feet spread in the LeFrak Organization-owned 40 West 57th Street. The deal comes in light of three others that were inked at the building, including those by Darsana, which took a 7,250-square-foot space, and Incline Global, a hedge fund, which took nearly 4,000-square-feet.  Read More

Lease Beat

Rennert International Expands at 211 East 43rd Street

Courtesy of Agorafy

Rennert International is consolidating its offices in Midtown.

The foreign language education provider will move from its 10,800-square-foot floor at 211 East 43rd Street to a 25,701-square-foot layout that spans the entire second floor, half of the third floor and the entire 19th floor. The deal, set to span 10 years, comes in effort to combine several offices into one central area. Read More

Lease Beat

Four Seasons Packaging Signs for 25K Square Feet in Brooklyn

Four Seasons Packaging, a wholesale packaging distributor, has signed a lease for 25,000 square feet in Ridgewood, Queens.

The one-story building, at 70 Onderdonk Avenue off Scholes Street, is located just off the Metropolitan Avenue thoroughfare. It is 63,937 square feet and has other entrances on Scott Avenue and Scholes Street, according to the New York Times.  Read More

Lease Beat

Powa Technologies Takes First U.S. Office

Courtesy of Construction.com

Powa Technologies will open its first office in the United States.

The international commerce company that specializes in technologies that integrate physical and digital worlds will open a 9,945-square-foot space on the 39th floor of 1 Bryant Park, also known as the Bank of America TowerRead More

Lease Beat

Allied World Assurance Company Renews at 199 Water Street

Courtesy of structurae.de.

Allied World AssuranceCompany has renewed and expanded  its lease in lower Manhattan.

The subsidiary of the Swiss-based Allied World Assurance Company will continue to operate its New York office out of the Jack Resnick & Sons-owned 199 Water Street, otherwise known as One Seaport Plaza. The deal changes its its sub-lease on the 24th and 25th floors to a direct lease at the beginning of 2015 and adds the 23rd and 26th floor, totaling 143,297-square-foot in the building.  Read More

REBNY 2014

Robin Abrams: Louis Smadbeck Broker Recognition Award

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It is difficult to walk down any of New York’s major fashion corridors without seeing a retail store that was brokered by Robin Abrams and her team at the Lansco Corporation. Coming to the city in the late 1970s, Ms. Lansco has climbed the ranks within the firm and stands at the forefront of retail leasing in the city, bringing in some of fashion’s largest names. Read More

REBNY 2014

Robert C. Fink: Young Real Estate Man of the Year

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The real estate industry in New York is like the Wild West. 

“It’s commission, everything goes, and you do everything you can to get a meeting,” said Robert Fink. “Then you bring in a senior broker, and they take over. That wasn’t my style.” The endless hours of cold calling and steak dinners are nothing more than shots in the dark. Relationships with clients, if one were to emerge, existed as business transactions. There was little depth aside from the number crunching and lease signing, which Mr. Fink excelled at but didn’t fulfill his desire for substance and a cultivated product.   Read More

REBNY 2014

Thomas L. Hill: George M. Brooker Management Executive of the Year

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Thomas Hill, a native New Yorker, started off in the real estate industry when he was a child shadowing his father, who worked for a large real estate developer. He would spend his holidays and summers working as an engineer’s helper, eventually completing trade school, climbing the ranks and switching to the managerial side. His career and narrative is a true American success story.  Read More

Sales Beat

Increase in Investment Sales in Upper Manhattan

Harlem along 135th Street (Courtesy of Wikipedia)

GFI Realty Services reports that its investment sales activity across all of New York City has increased 37 percent in 2013. Over half of those transactions came from the Manhattan market, specifically in upper Manhattan.

Roni Abudi, a managing director at the firm, oversaw several deals including the sale of 3660 Broadway, a 61-unit apartment and retail building, for $23 million and 603-607 West 139th Street, an 42-unit building, for $8.5 million. Read More

Lease Beat

WeWork Opens Midtown South Location

Courtesy of Meringoff Properties

WeWork continues its expansion with a new lease in Midtown South. 

The office space provider for tech and new media companies will open a 63,300-square-foot office spanning the eighth, ninth, and tenth floors of Meringoff Properties-owned 401 Park Avenue South. The office marks the first in Midtown South, adding to its portfolio of places throughout the downtown area.  Read More