Power Broker

The Storm Chaser: Alexander Chudnoff on Post-Sandy NYC Recovery Efforts

Alex Chudnoff.

Alexander Chudnoff, a commercial leasing broker who takes pride in strengthening relationships with clients through “impeccable service,” was especially busy in the aftermath of Hurricane Sandy.

The Jones Lang LaSalle executive managing director was dividing his time last week between volunteer efforts in the Rockaways, where he provided hot pizza and coffee to storm victims, and getting on the phone to make sure his Downtown Manhattan clients could stay open. Though it was a difficult time, the activity of making connections was just what attracted Mr. Chudnoff to the business in the first place.

“I love to make calls. I love to canvass,” he said. “I like to develop the relationship.”

In some cases, the storm required short-term arrangements, such as lining up space with other clients or in Jones Lang’s own offices, he said. In others, clients were able to proceed with minimal disruption, as when Dentsu Holdings USA returned to work at 32 Avenue of the Americas when Rudin Management opened the building the Monday after the storm. Read More

Lease Beat

Toppan Vite Inks 21K at 747 Third Avenue

Courtesy of Rew Online

Toppan Vite has inked a lease deal at 747 Third Avenue, following their parent company Toppan Printing Company America Inc.’s relocation to the building from 650 Fifth Avenue.

The printing and publishing firm will be taking 20,792 square feet in the Class A commercial office building. The office spans a portion of the sixth floor Read More

Lease Beat

Third Point Signs Deal At Lever House

Lever House.

Third Point, the multi-billion dollar hedge fund managed by Daniel S. Loeb, is renewing its office and expanding at the high-end Park Avenue office tower Lever House in what would be one of the most expensive leases of the year on a per square foot basis.

The company, according to sources, occupies two floors and is renewing its hold on that space while adding another floor in a roughly 32,000-square-foot deal with rents around a whopping $140 per square foot. Read More

Lease Beat

TriOaks Enters And Avesta Leaves One Bryant Park

One Bryant Park

A new hedge fund launched by a high profile investment manager has signed an over 7,000-square-foot lease at One Bryant Park.

TriOaks Capital Management, a firm launched by J.J. Berney, a former executive at the fund manager Citadel, is subleasing the space on the 51-story building’s 39th floor from the investment firm Marathon Asset Management.

TriOaks Read More

Lease Beat

Dentsu America Grows to 183,000 sq. ft in TriBeCa

A View of the Current Dentsu Office (courtesy of www.dentsuamerica.com)

Dentsu Network, a subsidiary of Tokyo-based Dentsu Inc., has agreed to tack on 33,000 square feet of office space to its current foothold in 32 Avenue of the Americas, bringing its total tally to 183,000 square feet, it was announced today.

The company will be taking the entire 25th floor and a portion of the 24th floor in the 29-story office building, which is owned by Rudin Family Holdings. 

Alex Chudnoff and Scott Vinett of Jones Lang LaSalle represented Dentsu Network in the deal.  Robert Steinman, a vice president at Rudin Management Company, represented the landlord in-house. Read More