The Plan

The Plan: Lester Schwab Katz & Dwyer

Black floors off-set the predominantly white design of the office for a clean, and highly modern look. “It’s a beautiful space for lawyers,” said Mr. Spector, “who are not used to beautiful space." (Photo: Ben Gancsos)

When law firm Lester Schwab Katz & Dwyer made the barely five block move from 120 Broadway to 100 Wall Street they took it upon themselves to adopt a radically new aesthetic for their two-floor, 40,000-square-foot space. The 40-year-old litigation firm turned to the Spector Group for an open-plan office that looks more Silicon Valley than big law.

“It’s a beautiful space for lawyers—who are not used to beautiful space,” said Spector Group principal Marc Spector. Read More

Lease Beat

Healthcare Consulting Firm Picks Up New Wall Street Space

100 Wall Street.

Global healthcare issues strategy consulting firm CBPartners has rented 5,685 square feet on a portion of the second floor at 100 Wall Street, Commercial Observer has learned.

The firm, whose clients include biopharmaceutical companies, medical device companies and government health authorities, signed a seven-year new lease yesterday and plans to move in on Dec. 1, according to a spokeswoman for the building owner, Savanna. Read More

Lease Beat

SQN Capital Signs Lease at 100 Wall Street

100 Wall Street.

Alternative fund manager SQN Capital Management has signed a 10-year lease for a 7,293-square-foot portion of the 28th floor of Savanna’s 100 Wall Street, Commercial Observer has learned.

Asking rent for the space was $49 per square foot. The tenant will relocate from its current headquarters at 110 William Street. Read More

Lease Beat

Photo App Startup Signs 100 Wall Street Lease

100 Wall Street.

Pixable, the developer of a mobile photo application of the same name, has signed a five-year lease for a 6,836-square-foot portion of the 18th floor of Savanna’s 100 Wall Street, Commercial Observer has learned.

The company’s product aggregates photos from various social networks and sorts them into feeds. Founded in 2009, Pixable was acquired by SingTel in 2012 for $26.5 million, according to CrunchBase, and is currently headquartered at 137 Varick Street. Read More

Lease Beat

Another Tech Support Firm Signs at 100 Wall Street


Apex Systems, Inc. has signed a new seven-year, 4,318-square-foot lease at Savanna’s 100 Wall Street, Commercial Observer has learned.

The company, a leading provider of information tech staffing, follows a string of tech/creative tenants that have filled roughly 50,000 square feet in the Downtown building over the last 15 months.

Savanna’s Downtown portfolio, which consists Read More

The Sit-Down

Kevin Hoo’s Tweet Victory

Kevin Hoo

Kevin Hoo’s prior experience with UBS AG and later Tishman Speyer allowed him to slip seamlessly into a role as a vice president at Savanna in 2011, where as an asset manager he handles everything from financing acquisitions to choosing building finishes, leasing them up and handling day-to-day operations. “We run a fairly lean team here,” he said. “My role has been to play the jack of all trades.” At Tishman Speyer, Mr. Hoo’s acquisition, development, design and construction roles saw him focusing on properties as iconic as Rockefeller Center and the MetLife Building, but as he tells it, Savanna’s recent repositioning of 245 and 249 West 17th Street, now home to Twitter’s New York City headquarters, is the most exciting endeavor he has been a part of. Read More

Commercial Breaks

Savanna Closes 580K SF of Leasing in 2013

31 Penn Plaza

Real estate private equity firm Savanna closed over 580,000 square feet of leasing in its portfolio across 59 deals in 2013, The Commercial Observer has learned.

“The significant number of lease renewals, expansions and new leases is evidence of the brokerage and corporate communities’ confidence in Savanna properties,” said Nicholas Bienstock, managing partner at Savanna, in a prepared statement. “We thank the brokerage community for their continued support in these transactions and look forward to working together again in 2014.” Read More

Lease Beat

Limelight Networks Signs Lease at Savanna’s 100 Wall Street

100 Wall Street.

Limelight Networks has signed an eight-year, 4,071-square-foot lease for a portion of the fifth floor at Savanna’s 100 Wall Street, The Commercial Observer has learned.

The new lease follows on the heels of an announcement in October that El Al Airlines, the national airline of Israel, had signed a 10-year, 14,918-square-foot lease on the fourth floor at Lower Manhattan property.

Read More

Lease Beat

Israeli National Airline Relocating to 100 Wall Street


El Al Airlines, the national airline of Israel, has signed a 10-year, 14,918-square-foot lease for a portion of the fourth floor at Savanna’s 100 Wall Street.

The airline, which offers nonstop service to Israel from New York and Los Angeles, will relocate its North American headquarters to Lower Manhattan from 15 East 26th Street. In addition to its service from North America, El Al flies to 35 worldwide destinations from Israel. Read More

Lease Beat

Luxoft Relocation Downtown Illustrates Broader Tech Shift

100 Wall Street

Luxoft USA, Inc. has signed a roughly 4,700-square-foot, 10-year lease for a portion of the fifth floor at Savanna’s 100 Wall Street.

The software development and IT solutions provider relocates to the building from its former Penn Plaza location, representative of a broader shift among tech tenants moving Downtown.

“We definitely are seeing an influx of Read More

Lease Beat

Savanna Donates Space at 100 Wall Street for Artist Residency Program

100 Wall Street

Real estate private equity firm Savanna has donated space to the Lower Manhattan Cultural Council for its artist residency program for the second year in a row, it was announced earlier this week. LMCC will utilize 8,409 square feet at 100 Wall Street through summer 2013.

Last year, Savanna donated the entire 11,250-square-foot 21st floor at 80 Broad Street for LMCC’s use. The donated space is used as an incubator for dance, theatre, art and digital media. The organization will incubate up to 20 projects, according to Melissa Levin, director of cultural programs at LMCC. Read More

Lease Beat

100 Wall Street Welcomes Rosenbaum & Rosenbaum


Rosenbaum & Rosenbaum has signed a deal for an office in the Financial District, it was announced.

The personal injury law firm will be taking a 3,822-square-feet office on the 15th floor of Savanna-owned 100 Wall Street. The firm represents clients throughout the city and the metropolitan area on personal injury, medical malpractice and product Read More