Lease Beat

Zazoom Signs 55 Broadway Sublease

55 Broadway

Zazoom, an internet-based media company, has signed a 5,521-square-foot sublease from Galen Technology Solutions at 55 Broadway, Commercial Observer has learned. The tenant will relocate from 277 Broadway on a 28-month deal.  

Former WNBC reporters Tim Minton and Jay DeDapper launched Zazoom in 2011 after receiving $125,000 in partial close funding, according to CrunchBase. The company specializes in producing short, topical videos distributed through various partners such as YouTube, AOL and Dailymotion. Read More

The Year in Review

Commercial Real Estate In Memorium: 2012

A sketch of David Winoker.

New York real estate is some of the most desirable and expensive in the world, but the ever-fluctuating price of a square foot of space in a given neighborhood is unquestionably dwarfed by the value of human life. This year, the commercial real estate world lost several notable figures and The Commercial Observer would like to take a moment to remember them. Read More

Power Broker

Phoenix Rising: Newmark Grubb Knight Frank’s Jeff Rosenblatt, Post Kent Swig

Jeff Rosenblatt.

It didn’t take long for Jeff Rosenblatt to sense something awry in the house of Kent Swig.

It was 2009 and Mr. Swig, at the time a large landlord in the city, had purchased the real estate services company Helmsley-Spear a year earlier. In the months after his big acquisition of the legendary brokerage firm, Mr. Swig had offered Mr. Rosenblatt a senior position managing its leasing operations. Read More

Swig Shutters Helmsley Spear Brokerage

Kent Swig is shutting down the Helmsley Spear brokerage, according to a broker who attended a Friday meeting at about 3 p.m., at which the announcement was made.

Steven Kerschenbaum, executive vice president of Swig Equities, Mr. Swig’s property investment and management firm, made the announcement, while Mr. Swig toyed with his PDA, according to our source.

“What really bothers me, really bothers Read More