The Sit-Down

Talking Towers, Cities and Teamwork With Josh Kuriloff of Cushman & Wakefield

Josh Kuriloff

Cushman & Wakefield Executive Vice Chairman Josh Kuriloff’s office at the company’s Midtown headquarters features several models of Chicago’s Willis Tower; pictures of the 28-year veteran C&W broker with Bill Clinton, George Pataki, Colin Powell and Magic Johnson; and a desk covered in piles of research reports and client files. Mr. Kuriloff, a 55-year-old married father of two, invited Commercial Observer to visit last week for a frank discussion of his work representing clients like the Metropolitan Transportation Authority and Verizon and his thoroughly researched thoughts on the city’s future. Read More

Lease Beat

The Yard Brings 157 Columbus Avenue to Full Occupancy

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The Yard has signed a long-term lease at The Brodsky Organization’s 157 Columbus Avenue, bringing the building to full occupancy after a renovation first reported in Commercial Observer paved the way.

The coworking space provider will occupy 28,638 square feet on the entire fourth and fifth floors, and the lease follows four tenants that recently completed transactions that followed the renovation: Fusion Learning leased 14,319 square feet, CrossFit leased 11,116 square feet, Citi Habitats leased 8,335 square feet and Quinlan Development leased 5,984 square feet. Read More

Lease Beat

Revlon Relocates to 1 New York Plaza

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Revlon has reportedly signed a 15-year lease for the top two floors at Brookfield Office Properties1 New York Plaza in a relocation from 237 Park Avenue, joining a flight of value-seeking firms to recently head Downtown.

The 91,194-square-foot lease covers floors 49 and 50, the latter of which is a glass box-style penthouse with 15-foot ceilings, according to the New York Post, which first reported the deal earlier this week and noted that former occupant Goldman Sachs removed columns from the space to accommodate their trading floor. Read More

Lease Beat

Brodsky Inks Four Tenants at 157 Columbus Avenue

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Renovations are paying off at 157 Columbus Avenue, where the Brodsky Organization has recently signed four new tenants to 10-year deals at the Upper West Side office building, The Commercial Observer has learned.

In the largest of the new deals, academic tutoring company Fusion Learning Inc. has signed a 14,319-square-foot lease on the third floor of the building. As reported by The Commercial Observer, the company signed its first lease in New York at 450-460 Park Avenue South late last year.

Read More

Lease Beat

Greater New York Hospital Association Expands at 555 West 57th Street

(Credit: SL Green)

Greater New York Hospital Association, a New York-based healthcare trade association, has signed a long-term lease expansion at the BMW Building, which is located at 555 West 57th Street, between 10th and 11th Avenues, The Commercial Observer has learned.

The group has expanded for an additional 7,278 square feet on the 12th floor of the 20-story building.  The organization, which Read More

Renovation and Repositioning

Brodsky to Renovate 157 Columbus Avenue Following Disney Departure

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The Brodsky Organization is renovating and repositioning 157 Columbus Avenue following the departure of longtime tenant Walt Disney Co., The Commercial Observer has learned.

The renovation is the first at the Upper West Side office building since it was built 30 years ago, in 1983 – the same year Walt Disney signed its lease there.

Ownership hired architecture firm Davis Brody Bond LLP to design the new lobby, elevator cabs, bathrooms, and upgraded building infrastructure, while a team from Cushman & Wakefield will resume its leasing efforts on the roughly 70,000 square feet of available space after the renovations, expected to conclude this summer, are complete. Read More

Lease Beat

Speyer Legacy School Signs For 85,000-Square-Foot Campus At 400 West 59th Street And 925 Ninth Avenue

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Speyer Legacy School signed for an 85,000-square-foot relocation to and expansion at 400 West 59th Street and 925 Ninth Avenue. The kindergarten through eighth grade school, which was founded in 2009 and caters to an all-”gifted” student body, had been looking to move from its original 9,000-square foot facility at 15 West 86th Street since shortly after its inception.

Cushman & Wakefield‘s Josh Kuriloff, Jodi Roberts and Andrew Braver represented The Brodsky Organization, which owns both buildings. Colliers International‘s Alex Jinishian and Phil Amarante represented the tenant. Read More

Lease Beat

Levine Plotkin & Menin Heads to Vornado

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Levine Plotkin & Menin LLP, an entertainment law firm, is jumping from one Vornado-owned building to another after it inked a 10-year lease at 888 Seventh Avenue.

The firm, which has leased space at 1740 Broadway since 1994, is set to take 7,600 square feet of space on the 10th floor of 888 Seventh Avenue. Read More

Lease Beat

Durst: BofA Reduction Won't Hurt Us

114 West 47th Street. (Courtesy Property Shark)

Leasing executives at the Durst Organization say that Bank of America’s decision late last week to reduce its office footprint in midtown won’t create a pocket of vacancy in the landlord’s office portfolio. Read More

Power Broker

The Man They Love in Chicago

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It was during the early mornings and late nights of cold, cold February that the black cars dispersed, hauling hefty stacks of leases through the Holland Tunnel, up the Henry Hudson Parkway, all the way across Interstate 495, to at least 12 insiders.

The drafts, updated three times and delivered in real time, were rushed with purpose to Bruce Mosler at his apartment building in Manhattan and to homes in Westchester, Long Island and New Jersey, where lawyers working for Vornado Realty Trust strained to keep eyelids from closing. Read More