Lease Beat

Platinum Partners Inks 250 West 55th Street Lease

250 West 55th Street. (Credit: Boston Properties)

Platinum Partners, a hedge fund with more than $1 billion in assets under management, has signed a 10-year lease for the entire 23,274-square-foot 14th floor of Boston Properties250 West 55th Street, Commercial Observer has learned.

The tenant, currently headquartered at Carnegie Hall Tower, will pay rent starting in the mid-$70s per square foot, according to data from CompStak. The terms are similar to the recent deal for Modern Bank, which Commercial Observer first reported last month. Read More

Lease Beat

Lincoln International Moving to 444 Madison Avenue

444 Madison Avenue.

Independent investment bank Lincoln International has signed a 10-year lease for an 11,869-square-foot portion of the third floor of 444 Madison Avenue, Commercial Observer has learned.

The Chicago-based tenant will relocate its New York office from nearby 360 Madison Avenue and pay rent starting in the mid-$60s per square foot, according to data from CompStak. Read More

Lease Beat

NAIC Follows Revlon to 1 New York Plaza

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The National Association of Insurance Commissioners will relocate its Capital Markets and Investment Analysis Office to 1 New York Plaza from 48 Wall Street, Commercial Observer has learned.

The regulatory organization has signed a 13-year lease for a 19,218-square-foot portion of the 42nd floor of the Brookfield Office Properties’ building and will pay rent starting in the low-$40s per square foot, according to data from CompStak. Read More

Lease Beat

Law Firm Expands at 30 Rock

30 Rockefeller Plaza

Haynes and Boone LLP has expanded by 38,193 square feet at 30 Rockefeller Plaza, taking the entire 24th floor at the Tishman Speyer property, Commercial Observer has learned.

The law firm now occupies the entire 24th, 25th and 26th floors for a total of 112,793 square feet and is now the third largest tenant in the building, according to a spokesperson who confirmed the deal. The tenant will pay rent starting in the high-$70s, according to data from CompStak. Read More

Lease Beat

Two New Deals Signed at 17 State Street

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Two financial services firms have signed new deals at RFR Realty’s 17 State Street, Commercial Observer has learned.

In the larger of the two deals, World Trade Financial Group has signed a 10-year, 13,030-square-foot deal for portions of the 38th and 39th floors. The tenant will pay rent in the mid-$50s per square foot, according to data from CompStak. Read More

The Lobby

CompStak Eyes Expansion, Hires Phillips from NGKF [Updated]

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With a goal to expand into 12 additional markets this year, real estate startup CompStak has hired Andrew Phillips, formerly of Newmark Grubb Knight Frank, as director of enterprise sales.

Mr. Phillips, who served as managing director with NGKF Capital Markets, has been tasked with expanding CompStak’s presence within the commercial real estate finance and investment communities. Read More

Lease Beat

RK Bridal Moving to the Far West Side

619 West 54th Street.

RK Bridal has signed a 10-year, 32,512-square-foot lease on the fifth floor of Taconic Investment Partners619 West 54th Street, Commercial Observer has learned.

The wedding gown retailer will pay rent starting in the mid-$30s per square foot after approximately six months of free rent, according to data from CompStak. The tenant is expected to relocate from its current location at 318 West 39th Street in the Garment District during the second quarter. Read More

Lease Beat

Publisher Signs Sublease at 1412 Broadway

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Davler Media Group has signed a 17,500-square-foot sublease from Escada at 1412 Broadway, The Commercial Observer has learned. The publisher has committed to the entire ninth floor for six years and three months.

The tenant will pay rent in the low-$40s per square foot, according to data from CompStak. Davler Media Group is expected to relocate from 1440 Broadway during the second quarter. Read More

Lease Beat

Pasta Maker’s U.S. Subsidiary Moves Downtown

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De Cecco USA, the U.S. subsidiary of Italian pasta maker De Cecco, has signed a 10-year, 5,596-square-foot lease at 75 Broad Street, The Commercial Observer has learned.

The tenant will relocate from 120 East 42nd Street to the fourth floor of 75 Broad Street and pay in the mid-$30s per square foot after five months of free rent, according to data from CompStak.

Read More