Michael Ewing
Morning links
City has world’s money at its feet [Real Estate Weekly]
Durst Organization polishing up its Front Street gem [Real Estate Weekly]
Brookfield Lands $1B Loan on Downtown Towers [Globe Street]
Hotels See ‘Extended Run’ of Stability [Globe Street]
A New York Landmark Moves Toward an I.P.O. Despite Legal Appeals [NY Times] Read More
Morning links
Facebook Is Now Friends with Midtown South: Media Giant Inks 100,000 SF Deal [Commercial Observer]
RKF Arranges $48.5 M. SoHo Sale [Commercial Observer]
Andrew Cuomo proposes tax-free zones to lift New York economy [Financial Times]
GM Building Stake Sells for $1B+ to Chinese, Brazilian Investors [NREI]
Crown Acquisitions, Highgate to Purchase Read More
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
Horizon Import Renews at 10 West 33rd Street
Horizon Imports, Inc. has renewed its office in the Garment District.
The importing company will continue to house their showroom and office at 10 West 33rd Street, otherwise known as the Fashion Accessories Center, where it has housed its headquarters since 1996. Read More
LA Boxing Opens New Location in Park Slope
LA Boxing will be opening a new location in Park Slope, Brooklyn.
Located on the corner of 3rd Street and Fourth Avenue, LA Boxing will take the entire 6,000-square-foot second floor of the three-story commercial property at 340 Fourth Avenue. Read More
Investment Firm Inks Lease Close to $200 Per Square Foot in Plaza District
Triple digit rents are on the rise and Ruane, Cunniff & Goldfarb Inc. is the latest to break the $100 per square foot threshold. The investment firm will be relocating within 9 West 57th Street, the prized Plaza District trophy building. Read More
Morning links
Zoning Redo Is Planned for East Fordham Road [Wall Street Journal]
Quinn pushes Bloomberg on bank law [Crain’s]
Hudson train tunnel project gets kickstart [Crain’s]
Hot dog! Rents near $200 a square foot in 2 deals [Crain’s]
ARCP, GE Ink $807M Net Lease Deal [Globe Street]
AIANY Creates A 30-Point Read More
Morning links
Manhattan Tower Said to Get Bids of Up to $1.4 Billion [Bloomberg]
Thinking Big: Four Visions of a New Penn Station [NY Times]
City hands Sandy victims $90M tax break [Crain’s]
SHoP Architects jumps to landmark tower [Crain’s]
Developer inks 90K sf lease in Gowanus [The Real Deal]
Daily News Read More
Protravel International Stays Grounded at 515 Madison Avenue
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
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
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
Morning links
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
Morning links
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
Morning links
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
