Lease Beat

Big East Conference Moving to Big Apple

Providence forward Kadeem Batts (10) dunks on Xavier's Matt Stainbrook (40). (Credit: Frank Victores, USA TODAY)

The Big East Conference is betting on the Big Apple to help usher in a new era.

The reconfigured conference has chosen The Durst Organization’s 655 Third Avenue in Midtown as its official headquarters after cutting a 10-year, 13,742-square-foot lease across the seventh floor of the 30-story property. Read More

Lease Beat

St. Luke’s Roosevelt Hospital Leases Space for UWS Outpatient Facility

St. Lukes Roosevelt Hospital signed a 15-year, 12,500-square-foot lease at the Starrett Development-owned 733 Amsterdam Avenue. A source informed The Commercial Observer that the hospital paid in the high $50s per square foot for the space.

Starrett will build a two-story annex, separate from the rest of the largely residential building, said hospital spokesperson, Jim Mandler. The hospital will take the second Read More

Lease Beat

CUNY Inks 70,000 Square Foot Deal

Jeff Rosenblatt

The CUNY School of Professional Studies has signed a nearly 70,000-square-foot lease at 116 West 32nd Street.

The space will be used as classrooms and executive offices for the SPS, which offers a number of undergraduate and masters degree programs and continuing studies courses. Read More

Lease Beat

EXCLUSIVE: 5 Columbus Circle Snags 2

5 Columbus.

Two tenants have signed leases at 5 Columbus Circle totaling 17,000 square feet of space.

One of the deals, a 5,500 square foot transaction with 1Life Healthcare on the building’s 17th floor, was done for rents around $70 per square foot, among the highest the building has ever netted, even during the real estate boom before the recession.

Read More