Renovation and Repositioning

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Brodsky to Renovate 157 Columbus Avenue Following Disney Departure

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

400 West 49th Street

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

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

888 seventh avenue

Levine Plotkin & Menin Heads to Vornado

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

114 West 47th Street. (Courtesy Property Shark)

Durst: BofA Reduction Won't Hurt Us

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

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The Man They Love in Chicago

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