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
One World Trade Center Is on the Rise at Ground Zero [Wall Street Journal]
Stringer Unveils East River Waterfront Plan [GlobeSt.com]
Resnick Taps C&W to Lease Downtown Tower [GlobeSt.com]
Metropolitan Real Estate Signs 11-Year Lease at 650 Fifth Ave.[National Real Estate Investor]
Lalezarian Properties Pays $21.3M for Hudson Yards Development Site Read More
Houston-based law firm Lanier Law Firm will be renewing and expanding its lease in Midtown, brokers told The Commercial Observer.
Currently operating out of a 12,147-square-foot space spanning the entire sixth and seventh floors at 126 East 56th Street, otherwise known as Tower 56, the firm will occupy the eighth floor and increase its foothold to 18,223 square feet. Read More
Landmark Building Owner Trusts in Astor Site [Wall Street Journal]
As East Midtown Girds for Taller Buildings, Squat Relics Endure [New York Times]
Crown’s jewel: big Brooklyn deal [New York Post]
Technically, Brooklyn’s booming [New York Post]
Empire State Building IPO opponents lose challenge [Crain's New York]
Regus locks up Read More
Splashlight Takes 14,000 SF at 225 Varick Street in Hudson Square [National Real Estate Investor]
A Nasty, Epic Real Estate Battle With Stakes 102 Stories High [New York Times]
Proposal for a Sixth Avenue BID gains support [Crain's New York]
Marathon Ventures Renews at 655 Third Avenue [Commercial Observer]
Savanna Welcomes Read More
German-based Mobotix Corp. will be leaving its office at 415 Madison Avenue and moving downtown to Savanna‘s 80 Broad Street, officials told The Commercial Observer.
Enlisting the help of CBRE‘s David Young and Scott Sloves as brokers, the leading video security software company will take a 7,840-square-foot space on the seventh floor of 80 Broad Read More
Promontory Financial Group has renewed its lease near Grand Central Terminal at 280 Park Avenue.
The strategy, risk management and regulatory compliance consulting firm will move from its 19,495-square-foot space on the 40th floor of the building to the 11th floor where it will span the entire 49,541-square-foot floor plate. Read More
Marathon Ventures has renewed its lease at 655 Third Avenue, the Commercial Observer has learned.
The investment firm will increase its foothold to 7,340 square feet in the the Durst Organization’s building, leaving its space on half of the fifth floor in favor of the entire nineteenth floor. The firm specializes in technology, media sales Read More
