Lease Beat

Lulu, ‘Yelp for Men,’ Setting Up Shop in Midtown South

24-28 West 25th Street.

Lulu, the online dating app for women, is heading to the United States, with an office in Midtown South. The new space is at 24-28 West 25th Street, between Broadway and Avenue of the Americas, Lulu told Commercial Observer.

The dating site, which launched in February 2013 and allows women to anonymously review and grade men in the sack (and for other attributes), tapped architect West Chin to design the 5,500-square-foot space. Read More

Sales Beat

DivcoWest, Brickman Partnership Acquires Midtown South Properties

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A partnership between San Francisco-based DivcoWest and Brickman Associates has purchased a group of office buildings in Midtown South at 24-28 West 25th Street and 40 West 25th Street, it was announced today. The closing price on the portfolio was approximately $115 million.

DivcoWest is entering the New York market for the first time, James Murphy, executive managing director at Colliers, who represented the seller, Yeshiva University, told The Commercial Observer. The firm focuses on assets and markets with a high concentration of technology tenants.

“With the growth of the tech industry, it is the right time to enter the market,” Mr. Murphy said. Read More