By Gus Delaporte 5/14 12:15pm

Lease Beat

757third

Sister Companies Expand at 757 Third Avenue

Sister companies Aerotek and TEKsystems have signed 10-year leases for 13,551 square feet and 15,115 square feet, respectively, at RFR Realty’s 757 Third Avenue, it was announced today. Asking rents at the property range from the low $50s to low $60s per square foot and the total value of the transaction is over $16 million, according to a press release.

“The RFR team always works hard to provide the best services and amenities that attract and retain the best quality tenants,” said Aby Rosen, co-founder and principal at RFR, in a prepared statement. “That’s the secret of our success here and throughout the RFR portfolio.” Read More

By Al Barbarino 4/11 4:09pm

Lease Beat

(Credit: VISUALHOUSE)

L’Oréal USA Inks 402,000 SF Lease at Hudson Yards

L’Oréal USA has inked a 402,000-square-foot of space at the South Tower of Hudson Yards, the developers of the 15-million-square-foot project on the far west side of Manhattan announced yesterday.

Along with that announcement came news that SAP also leased 115,000 square feet on the top four floors of the building, bringing the LEED Gold South Tower to more than 80 percent occupancy.  Sources said the deals are for 15 years.

The companies join Coach, which agreed to pay a reported $750 million for its 740,000-square-foot global corporate headquarters in the tower in late 2011, after what Related’s president on the project, Jay Cross, called a three-year negotiation process.

“The confluence of three significant tenants committing to the building almost simultaneously is a testimonial to the belief in this project and its future,” said CBRE’s Stephen Siegel, who represented L’Oréal with Mike Geoghegan, Bill Hedman and Lauren Crowley Corrinet. Read More

By Al Barbarino 3/12 7:30am

Lease Beat

All Digital's offerings include Smosh, hosted by Ian Hecox and Anthony Padilla

Growing Digital Firm Alloy Digital Relocates to 498 Seventh Avenue

Alloy Digital has signed a six-year, 29,416-square-foot sublease with Liquidnet Holdings Inc. at 498 Seventh Avenue in Times Square South, The Commercial Observer has learned.

The expanding digital media firm will occupy the entire 19th floor in the 880,000-square-foot, Class A building owned by George Comfort & Sons Inc. and located between West 36th and West 37th streets.  The firm is relocating from 151 West 26th Street in West Chelsea.

“Alloy Digital is one the many tech firms that have relocated to the submarket from Chelsea Market, and other areas of the city,” said Jones Lang LaSalle’s Alexander Chudnoff, who represented Alloy Digital with Dan Turkewitz. Read More

By Daniel Geiger 6/28/12 8:30am

Lease Beat

600 Lexington Avenue

Five Ink 50,000 at 600 Lexington Avenue

Five tenants have leased nearly 50,000 square feet at 600 Lexington, the building’s landlord, SL Green, announced on Tuesday.

F5 Networks, an information technology company, signed a 10-year deal for 12,487 square feet, the roughly 300,000 square foot building’s entire fifth floor. Robert Stella, a broker at Cresa Partners represented F5 Networks in the deal. Read More

By Jotham Sederstrom 4/03/12 9:30am

The Sit-Down

Mitti Liebersohn.

Jones Lang LaSalle’s Mitti Liebersohn on the First Quarter, Downtown and Beyond

When Mitch Konsker, Matt Astrachan, Alexander Chudnoff, Paul Glickman and Mitti Liebersohn departed Cushman & Wakefield for Jones Lang LaSalle last January, the aftershock was palpable. Noting that it had been the second major defection from Cushman in as many months, one broker described the team as rock stars and suggested that the brokerage firms they worked for not so much paid their wages as orbited their personalities. Now one year later, with much of the hoopla gone, Mr. Liebersohn spoke with The Commercial Observer about his past 12 months at Jones Lang LaSalle, the reasons behind weak first-quarter results, and what to expect in the second quarter. Read More

By Dan Geiger 11/25/11 9:00am

Lease Beat

The Falcon lands at 660 Madison Avenue. (Courtesy Property Shark)

EXCLUSIVE: New Hedge Signs 9,000 SF–And it Hasn't Even Launched Yet.

Falcon Edge Capital, a soon to be launched hedge fund, is taking almost 9,000 square feet at the high-end office building 660 Madison Avenue.

The firm, which will begin operations in 2012 according to reports, was formed by celebrated young investment professionals Rick Gerson, formerly of the major firm Blue Ridge and Navroz Udwadia or the well known investment company Eton Park Capital Management. Read More