Power Broker

Down to a Science: John Cahill of Colliers International

John Cahill of Colliers. (Aaron Adler)

As the son of a doctor and a nurse, broker John Cahill may have been predestined to work in the medical field in one form or another. Fresh out of Syracuse University, the New York native first chose pharmaceutical sales as his field of choice.

Initially lacking the required experience, Mr. Cahill spent one year at ADP learning the ropes of a sales role and in the process picking up both his employer’s Rookie of the Year award and an expense-paid trip to Hawaii. Read More

Lease Beat

Two New Deals Signed at 105 Madison Avenue

105 Madison Avenue.

Structural engineering firm GACE Consulting Engineers has signed the larger of two new leases at 105 Madison Avenue, Commercial Observer has learned.

The tenant has signed a 14.5-year deal for the entire, 13,350-square-foot sixth floor of the building. The firm will relocate from its current headquarters at 31 West 27th Street between late October and mid-November of this year, according to Paul Davidson of Newmark Grubb Knight Frank, who represented the landlord, A&R Real Estate. Read More

The Lobby

Pat Breslin Heads to Colliers from Studley

Pat Breslin.

The global head of Studley’s retail practice, Pat Breslin, has joined Colliers International as an executive managing director, Commercial Observer has learned.

The son of famed reporter Jimmy Breslin, Mr. Breslin has been in the industry for 28 years and even served as retail group president of GVA Williams, the predecessor firm to Colliers. He is focusing on retail transaction in New York City and globally at Colliers. Read More

On the Market

Colliers Fielding Suitors for Grand Central Plaza

622 Third Avenue.

The Cohen Brothers Realty Corporation tapped Colliers International to fill 200,000 square feet of space at Grand Central Plaza at 622 Third Avenue, Commercial Observer has learned.

The vacant space on floors seven through 11 and in the former Blue Cross building’s tower already attracted interest from a fashion company, a publishing company, an accounting firm, a consulting firm and two software companies, said Robert Tunis, the Colliers broker who is marketing the space along with colleagues Alex Jinishian, Seth Hecht and Eric Ferriello. Read More

Lease Beat

Talent Partners Takes Two Floors at Cohen’s 475 PAS

Rendering of 475 Park Avenue South

Talent Partners has signed a 12-year, 32,250-square-foot lease for the entire second and third floors of Cohen Brothers Realty Corporation’s 475 Park Avenue South, Commercial Observer has learned. The tenant is expected to relocate from 115 West 18th Street later this year.

As previously reported, 475 Park Avenue South is undergoing a $40 million renovation. The three-year project, set to be completed this year, has included renovations to the building’s curtain wall, lobby, elevators, corridors and bathrooms. Read More

Lease Beat

SoundCloud Opens New York Office

101 Fifth Avenue. (PropertyShark)

Online audio platform SoundCloud has opened its first permanent New York office on the entire 7,080-square-foot fourth floor of 101 Fifth Avenue. The company has signed a five-year deal with rent in the low-$60s per square foot, a source told Commercial Observer.

The tenant signed a lease in January and opened the office this week. Previously, the Berlin-headquartered company operated its New York office out of a temporary space. Read More

Lease Beat

Law Firm Suites Signs Sublease at 830 Third Avenue

Office space at 830 Third Avenue. (Law Firm Suites)

Law Firm Suites, an office space provider catering to law firms, has signed a 12,332-square-foot sublease from LeClairRyan at 830 Third Avenue. Asking rent for the deal, which lasts through November 2018, was $45 per square foot.

LeClairRyan, a corporate law and litigation firm, operates its New York headquarters from space at 885 Third Avenue. The firm moved from its original New York office at 830 Third Avenue following a merger. Read More

Lease Beat

Brand Learning Inks New Lease at 80 Broad Street

80 Broad Street. (Savanna)

Brand Learning has signed a new seven-year, 4,765-square-foot lease at Savanna‘s 80 Broad Street for a portion of the 21st floor, Commercial Observer has learned.

The marketing firm, which is relocating from Jersey City, New Jersey, has a global team of over 150 people and has supported over 120 clients in more than 60 countries across a wide range of industry sectors, with clients that include BacardiBritish AirwaysCadburyColgateHPYahoo! and a long list of other national and international brands. Read More

Lease Beat

Financial Data Firm Consolidates at 90 Park [Updated]

90 Park Avenue

FactSet Research Systems, which provides analytics and content to the financial industry, has consolidated its space and renewed its lease at 90 Park Avenue between 39th and 40th Streets.

The financial data firm will now have 102,000 square feet spanning the entire 7th, 10th and 11th floors of the 1 million-square-foot tower, according to Crain’s, rather than be spread throughout the building. Read More

Lease Beat

Fashion Designer Takes Space at 501 Madison Avenue

501 Madison Avenue

Designer Randi Rahm, who has designed dresses for the likes of Beyonce and Carrie Underwood, has signed a 10-year lease for a 6,433-square-foot office and showroom space on the eighth floor of 501 Madison Avenue, Commercial Observer has learned.

The tenant is expected to relocate to the Plaza District property, where asking rents range from $60 to more than $80 per square foot, in June. The landlord, KRW Realty Advisors, assumed responsibility for the build-out of the space. Read More

Lease Beat

Bank, Engineering Firm Take Space in Forest Hills Tower

Forest Hills Tower at 118-35 Queens Boulevard

Signature Bank and Tectonic Engineering & Surveying Consultants have each signed a 10-year lease for space at Muss Development‘s Forest Hills Tower, a 375,000-square-foot office tower in the Forest Hills area of Queens.

Tectonics, a civil and structural engineering firm, and the bank will take a combined 17,782 square feet in the building, at 118-35 Queens Boulevard, which used to be JetBlue’s headquarters, Crain’s first reported. Read More