Lease Beat

45497_adams-48w37th_opt

MBI Brings Its Occupancy to 25 Percent of 48 West 37th Street

Manhattan Business Interiors, Inc. is taking a greater stake in the Garment District.

The general contracting and construction management group has expanded at 48 West 37th Street in an effort that has helped fill approximately 25 percent of existing space at the 57,750-square-foot building.

“[The] space became vacant and I knew Manhattan Business Interiors wanted Read More

Lease Beat

Wiz Khalifa

Hudson Jeans Gets Down on More Space Like Wiz Khalifa

Kate Hudson, Taylor Swift, Selena Gomez, a consortium of post-college-aged women across the city – and real estate professionals looking to get down like Wiz Khalifa – will presumably be pleased to hear that Hudson Jeans has bulked up its space at 231 West 39th Street.

The apparel company, which supplies department stores across the city with its clothing, has signed a 10-year, 6,973-square-foot renewal, adding 2,700 square feet to its showroom, as it grows in popularity among celebrities – and the men and women who admire them.

“The building really looks like a 25- to 35-year-old, post-college, women’s closet… every brand you would see in a department store or out at a bar or club at night,” said Jeffrey Buslik of Adams & Co., who represented the tenant and the landlord in the transaction. Read More

Lease Beat

411-fifth-avenue-property-shark

Research Firm Cognolink Inks at 411 Fifth Avenue

Cognolink has made another connection at 411 Fifth Avenue, a.k.a. The Fashion Accessories Center, where the firm has signed an eight-year, 5,600-square-foot lease, The Commercial Observer has learned.

The research firm, which connects business professionals across various industries, takes the 10th floor in the 11-story building as part of its expansion and relocation from its previous location just around the corner at 35 West 36th Street.

“They liked the neighborhood and they wanted to stay in the same location because it’s convenient to their employees,” said Evan Margolin of Studley, who represented the tenant and was promoted to senior managing director at the firm last summer, adding that the firm doubles its space with the transaction.  “It has a wide open loft-style feel – it’s open, bright and great for a collaborative environment.” Read More

Lease Beat

Courtesy of NYRej

Point Zero Opens Showroom in New York

Point Zero has inked a 2,821-square-foot transaction to open a showroom and office in the Garment District.

Point Zero signed a deal for a new space at 231 West 39th Street, or the building known as the Contemporary Fashion Center.

The Canadian manufacturer of chic fashion forward apparel for men, women and children will join several notable tenants including Stargate Apparel, Inc., Destino Vero Designs and Apparel LLC, and Between the Notes LLC. Read More

Lease Beat

Courtesy of Legacy New York

Bravo Media Inks at 145 West 28th Street

Bravo Media is expanding their operations in New York.

The innovative production company has inked a 10-year deal to take 5,300 square feet at 145 West 28th Street. The new space, located on the second floor of the building, will feature a production studio and a green screen. The company boasts an impressive client list including work with Beyonce, Rihanna, IBM, HBO, and recently Anthony Bourdain‘s No Reservations. Read More

Lease Beat

Courtesy of NE Rej

Key Apparel Inc. Relocates Within Garment District

Key Apparel Inc. is set to relocate within the Garment District, brokers said.

The wholesaler and manufacturer of sportswear, currently located at 45 West 34th Street, will over a few avenues to 463 Seventh Avenue. The company will take a 3,852-square-foot office on the sixth floor of Arsenal Company‘s building.

Key Apparel plans to utilize Read More

Lease Beat

Courtesy of NY Rej

Murphy Burnham & Buttrick Renew in Midtown

Murphy Burnham & Buttrick LLP has inked a renewal in Midtown.

The architecture, planning and interior design firm will continue to operate out of their office at 48 West 37th Street. The firm has occupied an office of 6,777 square feett that spans across the full fourteenth floor for the past 10 years.

“The building Read More

Lease Beat

The Winklevoss Brothers (and Precious) (photo by Clint Spaulding by Patrick McMullan)

Winkleviis Vie Successfully for New Chelsea Office Space

Tyler and Cameron Winklevoss, the Harvard-educated twins who earned notoriety for their portrayal in the film “The Social Network,” have landed a Chelsea space for their new eponymous venture capital fund.

The twins, who rowed in the 2008 Summer Olympics in Beijing, inked a five-year lease at 30 W. 24th Street for their firm Winklevoss Capital, as was first reported by The New York Post

Asking rent in the deal was $39-a-square-foot. James Buslik and Alan Bonett of Adams & Co. represented Elizabeth Goffredo, the listed owner of 30 West 24th Street, according to CoStar data.  Read More

Lease Beat

Courtesy of the City Review

East West Bank Opens Office in 535 Madison

The East West Bank will be expanding its New York operations and opening an office at 535 Madison Avenue.

The publicly owned Chinese-American bank will take a 14,375-square-foot space on the 8th floor of Park Tower Realty’s building.

“We have several banks in the building,” said Brain Gell, vice chairman of CBRE and broker for Read More

Lease Beat

Courtesy of Flatbush Gardener

Eastern Silk Mills Relocates in Garment District

Eastern Silk Mills Inc. will be moving to another building in the Garment District.

“The space was in excellent condition,” Jeff Buslik, director at Adams & Co. and broker on the deal, noted about the transaction. “[Eastern Silk Mills] came and wanted it. They stayed within the Garment Center which is where they wanted to Read More

Marketwatch

Midtown South.

The Big Squeeze: How Technology Start-Ups Found Midtown South, and What Happens When the Bubble Bursts

If Don Draper still ran an advertising agency, he’d have a very different Manhattan life. Instead of a dozen martinis and oysters at Grand Central every night after work, it’d probably be a quick Peroni and antipasti at Eataly before hitting the gym.

He might even be home early enough to kiss Betty and read a book to his kids. And, of course, he’d work in a fabulous open-plan office in Manhattan’s most desired commercial real estate market, Midtown South. Read More

Lease Beat

10 West 33rd Street (Courtesy of NYRej)

AHQ To Move Into Fashion Accessories Building

Wiesner Products Inc. will be housing its new fashion accessory division, AHQ, in a 10,400 square foot space at 10 West 33rd Street.

“The building is the ‘Fashion Accessories Center,’” David Levy, principal at Adams & Co. Real Estate and the exclusive broker on the deal, commented. “They are a fashion accessories company, it was the Read More

Lease Beat

463 Seventh Avenue

David Peyser Sportswear Signs 24,000 s/f Lease

David Peyser Sportswear has signed a nearly 24,000-square-foot lease for the entire fifth floor of the Garment Center building 463 Seventh Avenue.

David Peyser did a seven-year deal for the space for rental rates around $35 per square foot.

The lease came after David Peyser acquired the tenant that previously occupied the space, the women’s coat label Junior Gallery, early last month. Read More