Lease Beat

Facebook Continues Exponential NYC Growth with 80,000 SF Lease

770 Broadway.

Facebook, adding to its already-strong New York presence, has signed a lease for an additional 80,000 square feet at its Big Apple home at 770 Broadway in Greenwich Village.

Crain’s New York Business, which first reported the deal, said Facebook has taken the entire 15th floor of the property in a lease that expires in 2024. This brings its total floor space at the Vornado Realty Trust-owned building to 270,000 square feet. Facebook has been in the building since May 2013. Read More

In the Office

Puppy Perks: Inside TAMI Office Culture


It’s doggone nice to work for tech companies these days. Employees at online content discovery platform Outbrain welcomed four canines from a doggie daycare and boarding business next door to the firm’s office near Union Square on a recent afternoon.

The 120 New York City employees of the company, which posts recommended links on the websites of media outlets like CNN and ESPN, enjoy office perks like the food and ping-pong that are becoming the norm in the highly-sought class of tenants in the TAMI–technology, advertising, media and information–sectors. But the company also distributes unconventional goodies such as daily personal allotments of $10 worth of the company’s digital ad space and the hour-long visit to Outbrain’s Kramer conference room last week by dogs from Biscuits & Bath Dog Retreat. Read More

Venture Capital

Real Estate Startup Gets $7M in Venture Funding

VTS Screenshot (Courtesy: View the Space)

View the Space, the real estate startup that collects leasing data and creates virtual space tours, has secured a $7 million round of venture funding.

The funding, provided primarily by Trinity Ventures of Menlo Park, Calif., will allow View the Space to expand into new markets and build the next generation of the service, according to a report by The Wall Street Journal.

“We believe that real estate has been, like some industries, underpenetrated by information technology,” said Noel Fenton, a general partner at Trinity, in an interview with the Journal. “There is an opportunity there to help owners and brokers execute their job more efficiently through online facilities.”

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Wired City

NYU-Poly Completes Second Half of Cyber Hacking Competition


The  Polytechnic Institute of New York University completed the second phase of its cyberhacking competition that began in September. The school chose winners of its 10-year-old competition and closed competing until its next round in 2014.

“We are gratified to see the growth in the high school competition—from only 400 students two years ago to 1,500 today, because that signals that our efforts are working to fill the college-bound pipeline with talented cybersecurity students,” said professor Nasir Memon, CSAW founder and head of NYU-Poly’s Computer Science and Engineering Department.

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Wired City

Facebook Partners With Cisco To Expand Free Wi-Fi For Check-Ins


Just because you’ve found free Wi-Fi doesn’t necessarily mean it’s easy to connect. But starting yesterday, businesses are now able to give customers access to their free Wi-Fi in exchange for checking in on Facebook without the need to distribute a password.

The program, called CMX for Facebook Wi-Fi, is the result of a new collaboration between Facebook and Cisco. With this setup, users can get onto a business’s existing Wi-Fi connection by simply checking into that location on Facebook without dealing with a password. If they agree to that, then their name will show up on the business’s Facebook page, and the business will get access to the user’s anonymous demographic data.

But there is a way to make your check-ins private, Eric Tseng, head of Facebook’s Wi-Fi initiative, told TechCrunch. That way you don’t have to broadcast your location data to all your friends to take advantage of Wi-Fi when you’re out and about.

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Wired City

Duane Reade Boasts 1 Million Twitter Followers


New York City drug store giant Duane Reade is connecting with more customers via social media.

Its Twitter fan base surpassed 1 million followers, a major milestone for the Walgreen-operated drug store chain among the drug, food and mass-arena segment. Duane Reade has raised its presence on Twitter more than 6,000 percent in the past year.

Calvin Peters, digital communications manager for Duane Reade, credited its loyal customers for the increase. The company has also run social media awareness campaigns for the brand within the past year.

“This social milestone is all about our customers and represents the ability and focus we have to seamlessly reach them whenever and wherever they are with useful content they crave and now have come to expect via effective two-way communications,” Mr. Peters said. “Our goal has been social community building and expanding relevant engagement to enhance our overall customer experience. achieving this while also creating social communication vehicles that can generate tangible ROI results for both corporate and vendor initiatives have proven successful.”

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Wired City

Facebook, Homeland Security Support NYU-Poly Cyber Security Week Hacking Competition


The future of New York City and International Internet security depends on the next generation of information technology professionals, and, to prove it, more than 10,000 students gathered on the Brooklyn campus of the Polytechnic Institute of New York University last week to participate in its September Cyber Security Week competition.

The hacking competition at NYU-Poly, sponsored by social media powerhouse Facebook, the U.S. Department of Homeland Security, Qualcomm and a host of other companies, was designed to showcase the talent of up-and-coming IT professionals while studying issues that could potentially impact broadband security. The company sponsorships help fund the cost of student travel and expenses associated with the competition. Read More

Stat of the Week

Soho, Noho Boast Lowest Availability Rate

0815 StatOfWeek_vf

Which submarket out of the 17 submarkets tracked by Cassidy Turley claims the lowest availability rate through the first seven months of 2013?

Well, if you guessed the Soho/Noho/Village submarket, you would be correct! I have to admit, before I worked in Manhattan real estate, the only thing I knew about this area is that it was home to Little Italy, where I make it a point to attend the Feast of San Gennaro every September. But working in real estate, I had to learn more about this quirky neighborhood that has a mix of many different tenants, from artists and designers to tech and media. Read More

Wired City

City Tech Partners with High Tech

brooklyn intern article

The Bloomberg administration is making a push to support the expanding tech sector, and Downtown Brooklyn is becoming a hub for tech firms.

To help train and prepare students for the growing tech job market, the city’s Department of Small Business Services has partnered with the Brooklyn Navy Yard, the Brooklyn Tech Triangle and the New York City College of Technology (City Tech) to create a paid summer internship program. Read More


Vornado Rebounds with Positive Second Quarter


Vornado Realty Trust reported its second quarter results on Monday, with funds from operations up to $235.3 million, or $1.25 per diluted share, from $166.7 million, or $0.89 per diluted share, for the same period last year.

“It was a positive quarter,” Michael Knott, managing director at Green Street Advisors, told The Commercial Observer. “The first quarter was very noisy from an accounting standpoint.” Read More