Lease Beat

Integreon Consolidates at 1450 Broadway

1450 broadway

Integreon Managed Solutions will consolidate its New York offices at 1450 Broadway after the company signed a 7-year lease for a 7,532-square-foot portion of the building’s 11th floor. Asking rent for the space was $55 per square foot.

The company, which provides legal, research and business support solutions, will relocate and expand within 1450 Broadway and move from 622 Third Avenue, where it has maintained an additional New York office. Read More

Lease Beat

First National Bank of New York Wins Bidding War at 1450 Broadway

First National Bank of New York had to fight off competition before it signed a lease for the entire 3,771-square-foot 37th floor at 1450 Broadway, where asking rents for the tower floors range from $65 to over $70 per square foot.

“We actually had a bidding war for the 37th floor,” Jonathan Fanuzzi, broker at Jones Lang LaSalle, who represented the landlord The Zar Group, told The Commercial Observer. “We had four different tenants looking at that, so we were able to shake out some additional demand.” Read More

Lease Beat

Macro Risk Advisors Renews at 1450 Broadway

Agency-broker Macro Risk Advisors has renewed its 3,771-square-foot lease on the 28th floor of 1450 Broadway. Asking rents for the tower floors range from $65 to over $70 per square foot.

“These are all office users that are being drawn to this building primarily due to the location and renovations,” Jonathan Fanuzzi, broker at Jones Lang LaSalle, who represented the landlord, told The Commercial Observer of the building’s recent leasing activity, declining to comment on the term of Macro Risk Advisors’ lease. Read More

Lease Beat

1450 Broadway Welcomes Taiwanese Airline

1450 broadway

EVA Airways, the second largest Taiwanese airline, has signed a lease for the entire 3,771-square-foot 31st floor at 1450 Broadway, where asking rents for the tower range from $65 to over $70 per square foot.

“EVA Air might not be a household name to you and me but it is a major corporate tenant,” Jonathan Fanuzzi, broker at Jones Lang LaSalle, who represented the landlord The Zar Group, told The Commercial Observer. Mr. Fanuzzi declined to comment on the exact term of the airline’s lease, but did say it was between five and 10 years. Read More

The Year in Review

Commercial Real Estate In Memorium: 2012

A sketch of David Winoker.

New York real estate is some of the most desirable and expensive in the world, but the ever-fluctuating price of a square foot of space in a given neighborhood is unquestionably dwarfed by the value of human life. This year, the commercial real estate world lost several notable figures and The Commercial Observer would like to take a moment to remember them. Read More