The North American office of Oslo-based marine insurer Skuld will relocate to 757 Third Avenue from 805 Third Avenue, Commercial Observer has learned. The company has signed a 10-year lease for the entire 6,961-square-foot 25th floor of the RFR Realty-owned building.
The deal continues a brisk leasing pace at 757 Third Avenue, where Berkley Insurance Company, Laura Pomerantz Real Estate and Grant Thornton have all recently signed deals.
Be All You Can Be
Charles Cohen is in the business of creating. As the president and chief executive officer of Cohen Brothers Realty Corporation, Mr. Cohen oversees a portfolio of properties and design centers in New York, Florida, Texas and California. He also executive produced the Academy Award-winning Frozen River and runs Cohen Media Group, a distributor and producer of foreign and independent films. Mr. Cohen’s father, Sherman Cohen, the developer who built CBRC into a powerhouse with his two brothers, died late last month at 91. And while Mr. Cohen politely declined to answer direct questions about his father, he did speak to The Commercial Observer about his legacy when discussing recent developments at the firm and in New York real estate. Mr. Cohen also spoke enthusiastically about the film industry and this year’s crop of new movies, which will be in the national spotlight when the Academy Awards airs this Sunday.
The Commercial Observer: In 2011, you told The Commercial Observer that you and the rest of the real estate industry were moving at 25 miles per hour. What was the speed in 2012?
Mr. Cohen: In New York, we’re going twice as fast as last year, but not fast enough.
Bruce Mosler, Cushman & Wakefield’s former CEO who is now a top broker at the firm, has been named as the chairman of BENS, an organization that helps the military and branches of government involved in defense and security apply best practices to their operations from the private sector.
Mr. Mosler was selected to the position after serving as an interim chair of the organization since November last year.
The 570,000-square-foot Decoration & Design Annex Building at 222 East 59th Street will be the new home of industry-leader Peacock Home’s New York showroom.
New York landlord Charles Cohen says he’s not concerned about opening vacancies in his portfolio.
In the past year, two large tenants relocated from buildings Mr. Cohen owns.