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Michael Ewing

Lease Beat

Courtesy of Panoramio

Banco Itaú Takes Most of the GM Building’s 50th Floor in an Unprecedented Deal

In an unprecedented deal that reached upwards of $200 per square foot, Itaú BBA USA Securities Inc., a branch of the Brazilian Banco Itaú, will increase its operation from 25,000 square feet to 35,000 square feet on the prized 50th floor of 767 Fifth Avenue.

With outstanding views of the Central Park and Midtown, the floor plates at the 50-story tower, otherwise known as the General Motors Building, span 40,000 square feet, leaving a mere 5,000-square-foot office to share the view, brokers said. Read More

Lease Beat

Courtesy of W&H Properties

FLSV Quadruples Office at 1359 Broadway

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

Lease Beat

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Gina Group Expands at Fashion Accessories Center

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