Lease Beat

Salon Media Among New Leases at 31 Penn Plaza

31 Penn Plaza

Salon Media Group is among a group of new tenants to take space at Savanna’s 31 Penn Plaza, Commercial Observer has learned. The operator of news site Salon.com has signed a five-year lease for 6,523 square feet on building’s sixth floor.

The five deals total close to 46,000 square feet. In the largest of the transactions, marketing technology company RevTrax signed a 10-year, 20,726-square-foot lease on the seventh floor. On the same floor, New Audio, a high-end audio accessories brand, signed a 10-year, 6,370-square-foot lease. Read More

Lease Beat

Israeli National Airline Relocating to 100 Wall Street

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El Al Airlines, the national airline of Israel, has signed a 10-year, 14,918-square-foot lease for a portion of the fourth floor at Savanna’s 100 Wall Street.

The airline, which offers nonstop service to Israel from New York and Los Angeles, will relocate its North American headquarters to Lower Manhattan from 15 East 26th Street. In addition to its service from North America, El Al flies to 35 worldwide destinations from Israel. Read More

Lease Beat

100 Wall Street Welcomes Rosenbaum & Rosenbaum

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Rosenbaum & Rosenbaum has signed a deal for an office in the Financial District, it was announced.

The personal injury law firm will be taking a 3,822-square-feet office on the 15th floor of Savanna-owned 100 Wall Street. The firm represents clients throughout the city and the metropolitan area on personal injury, medical malpractice and product Read More

Sales Beat

Savanna Takes Control at 2 Rector Street

2 Rector Street.

After several years of being affiliated with the building, real estate private equity firm Savanna has acquired a controlling interest in 2 Rector Street, The Commercial Observer has learned exclusively.

Savanna acquired a portion of the first mortgage at a discount in 2007 and then in 2010 provided a mezzanine loan and worked with owner Stellar Management to recap the building. Read More

Lease Beat

Charles Cammack Associates Renews at 2 Rector Street

Courtesy of Stellar Management

Charles W. Cammack Associates has renewed its lease in the Financial District.

The employee benefits and online information management, retirement plan, and financial planning advisory firm will maintain their 19,500 square foot space that spans the entire 23rd floor of 2 Rector Street.

Gabe Marans and Greg Toubin of Studley helped secure the renewal for Read More

Lease Beat

Council of State Governments Expands

(Courtesy of City Feet)

The Council of State Governments has expanded its lease at Savanna’s 100 Wall Street.

“The superior light and air, efficient floor plates, quality of existing tenancy as well as the high quality of Savanna prebuilt space attracted them to 100 Wall Street,” noted Kevin Hoo, vice president of Savanna, about their initial appeal to the Read More

Lease Beat

Savanna’s 100 Wall Street Welcomes Blackwall Capital

100 Wall Street (Courtesy of Commercial Short Sale)

Blackwall Capital Markets has signed a lease for Savanna’s 100 Wall Street in the Financial District.

The consulting firm specializing in life insurance and financial planning has signed a lease for a 4,343 square foot portion of the eleventh floor in the historic building. The lease was set for eight years.

Mitch Konsker, Scott Cahaly, Read More

Lease Beat

100 Wall Street Welcomes Hartford Steam Boiler Inspection

100 Wall Street

A global speciality insurer and reinsurer, Hartford Steam Boiler Inspection & Insurance Company, signed a new lease at Savanna’s 100 Wall Street.

The firm was found in 1866 as the “first company in America devoted primarily to industrial safety.” Over the 145 years of service, the firm has grown its inspection force to over 1,200 engineers, inspectors Read More