Lease Beat

City Agency, Office Space Provider Ink Forest Hills Leases

Forest Hills Tower

The New York City Board of Elections and office suite provider Regus signed respective leases totaling almost 50,000 square feet at Muss Development’s Forest Hills Tower at 118-35 Queens Boulevard in Forest Hills, Queens, The Wall Street Journal reported yesterday.

The city agency will move into a 36,103-square-foot space on three different floors of the 17-story building by the fourth quarter of 2015 and the real and virtual office space finders will occupy 13,317 square feet on the fourth floor of the 1981 structure with asking rents in the high $30s, Jason Muss, a Muss principal, told Commercial Observer. 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

Lease Beat

Plaza College Inks 40,000-SF Relocation Deal at Forest Hills Tower

Forest Hills Tower

Plaza College signed a 15-year, 40,000-square-foot lease at 118-35 Queens Boulevard (aka Forest Hills Tower) and will relocate its main campus from Jackson Heights by the start of the 2014-2015 school year.

The private, specialized school will take part of the ground floor and all of the second floor at the 17-story, 375,000-square-foot property. Asking rent was $30 a foot. Read More

Lease Beat

Brooklyn-Based Medical Practice Expands to Forest Hills Tower in Queens

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Central Medical Services of Westrock, a medical practice specializing in workers’ compensation cases, has signed a 10-year, 4,150-square-foot lease on the ninth floor of Forest Hills Tower in Forest Hills, Queens, The Commercial Observer has learned. Asking rent for the building is in the mid-$30s per square foot.

CMSW will occupy the space in the Muss Development property at 118-35 Queens Boulevard beginning in May. The practice is headquartered in Brooklyn with satellite offices in Jamaica, the Bronx, Syosset and White Plains. Read More

Year in Real Estate

Fast & Furious: The minute-by-minute, behind-the-scenes negotiations that led to this year’s F.E.M.A transaction

New York And New Jersey Continue To Deal With Aftermath Of Hurricane Sandy

The whirlwind negotiations between the Federal Emergency Management Agency and Muss Development to create an impromptu relief outpost in Queens in the days following Hurricane Sandy’s descent on New York would not have happened had it not been for one of the real estate industry’s leading dynasties.

In a deal that would later come to symbolize the overall dedication of the city’s real estate titans, government officials and executives banged out terms for 200,000 square feet of temporary space at the Forest Hills Tower in a mere five days, a minor miracle in the world of office leasing. Read More

Year in Real Estate

Above and Beyond Hurricane Sandy

East Coast Begins To Clean Up And Assess Damage From Hurricane Sandy

FEMA spokesperson William Rukeyser described the ad-hoc, jumbled feel of the company’s impromptu space in the Forest Hills Tower like a scene from a hard-hit neighborhood, with hanging wires, antennas strapped to the ceiling, Post-It notes and sheets of paper with various instructions scattered about, and impromptu folding tables holding printers and other office equipment. Most seemed at a loss for words when assessing damages.

“It’s—It’s—It’s just a mess,” Durst Organization spokesperson Jordan Barowitz told The Commercial Observer less than a week after the storm hit, struggling to describe the destruction in Lower Manhattan. Read More

Post-Tropical Storm Sandy

FEMA and Muss Development Ink Deal for Hurricane Relief Headquarters in Two Days

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The Federal Emergency Management Agency has pulled together a Queens home base for its Hurricane Sandy relief efforts in a matter of days.

FEMA, as the agency is better known, is taking 200,000 square feet across 10 of 17 floors in the Forest Hills Tower, located at 118-35 Queens Boulevard in Forest Hills, Queens.

Negotiations began last week with owner Muss Development, and by Sunday the relief agency had begun its move into the building. Read More

Lease Beat

Educational Affiliates Ink 40K in Queens

97-77 Queens Boulevard.

Educational Affiliates is signing a 40,000-square-foot lease at 97-77 Queens Boulevard, a large office building owned by the LeFrak Organization in Rego Park, Queens.

The tenant operates career schools that train nurses, medical assistants, commercial drivers and computer specialists among other professions.

A source familiar with the lease said that Educational Affilitiates plans to open a nursing school at the location. Read More

Lease Beat

Queens District Attorney to Relocate

Queens District Attorney Richard Brown
The Queens District Attorney’s Office is considering a large lease in Forest Hills, Queens in offices that used to be occupied by the major airline JetBlue, several sources told The Commercial Observer

The office of the Queen’s DA, Richard Brown, is in talks to lease approximately 180,000 square feet at Forest Hills Tower, space that was formerly leased by JetBlue, which decided last year to relocate from the 500,000-square-foot building to Long Island City. Read More