Lease Beat

Appboy Relocating to 263 West 38th Street


Appboy, a mobile relationship management platform, has signed a five-year deal for the entire 6,500-square-foot 16th floor at Handler Real Estate’s 263 West 38th Street, The Commercial Observer has learned. Asking rent for the space was in the mid-$30s per square foot.

“Appboy was in expansion mode and we found a good deal on an efficient floor with solid light on three sides,” said Daniel Lolai of Murray Hill Properties, who represented the tenant. “It’s a solid deal for a tech company.” Read More


Ballroom Waltz: A Minute-By-Minute Account of Last Night’s REBNY Gala

REBNY Ballroom final

Thursday’s Real Estate Board of New York gala packed an estimated 2,400 guests into the Hilton New York’s overstuffed Grand Ballroom—an increase from last year by about 200. The Commercial Observer walked the room, hobnobbed with brokers and landlords and taste-tested a dinner of steak and potatoes while washing it all down with a few stiff drinks. Staff Reporters Karsten Strauss and Al Barbarino get the inside dish.

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Lease Beat

Skygroup Realty Takes 2,340 Square Feet at The New York Stock Exchange Building

30 Broad Street (Credit: Gotham Realty Holdings)

Residential brokerage Skygroup Realty has signed a seven-year lease for 2,340 square feet in the The New York Stock Exchange Building at 30 Broad Street, The Commercial Observer has learned.

The firm relocated to the 26th floor of the building from its previous location at 350 Broadway.

“The tenant runs a successful brokerage firm downtown and they needed to expand into a prebuilt space ASAP,” said Daniel Lolai of Murray Hill Properties, who represented SkyGroup Realty.  “It was very important for them to have minimal downtime when moving so 30 broad was the perfect match… Skygroup Realty deserves it.  It’s a great firm with honest people and they are growing quickly.” Read More

Lease Beat

Sygrove Has Designs on Soho


Interior decorators Sygrove Associates Design Group has found themselves a new space to decorate after they inked a 10-year deal at 594 Broadway in Soho, The Commercial Observer has learned.

Sygrove Associates, which had been at 448 West 51st Street for a number of years since launching in 1982, will be taking a 1,228 square foot office space inside the 12-story building. Read More

Lease Beat

DSA Management Takes Part of the 11th Floor in 60 Madison Avenue

60 Madison Avenue (photo courtesy of CoStar)

Family-owned real estate company DSA Management has inked a 7-year lease to take part of the 11th floor at 60 Madison Avenue, The Commercial Observer has learned.

The company, which is currently listed at 113 East 12th Street, will be moving into a 2,200 square foot office space inside the The Moinian Group-0wned building.

Daniel Lolai of Murray Hill Properties represented DSA Management in the deal. Jovani Rampersad of The Moinian Group represented the landlord in-house.

Asking rent was $45-a-square-foot.

The space had been vacant for a spell, while the 11th floor of 60 Madison Avenue attracted a mix of new tenants like consulting and design companies, a person familiar with the deal said. Corbel Capital Services, a financial firm, and G. Hensler & Company , a fashion designer, also take space on the 11th floor, according to CoStar data.  Read More