Sales Beat

SoHo Property and Alleged Lady Gaga Hangout Sells for $6.1 M.

Credit: Granitz/WIREIMAGE

A bit of economic certainty and some love from Lady Gaga apparently added more than $2 million of value to a SoHo property that just traded hands at 29 Greene Street.

The commercial building, home to a creative media firm that reportedly worked with pop star Lady Gaga, sold for $6.1 million, city records show.

The two-story, 3,700-square-foot property is leased to Two Hustlers, which creates content for the fashion, art, music and gaming industries and birthed a Gaga Constellation interactive window display for Barney’s in 2011, according to a report in Crain’s in October 2012 announcing that the property had hit the market for $6.5 million. Read More

Lease Beat

Entertainment Law Firm Grubman Indursky Shire & Meiselas Renews at Carnegie Hall Tower

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Law firm to the stars Grubman Indursky Shire & Meiselas will stay grounded at Carnegie Hall Tower after renewing its 26,000-square-foot lease at the Midtown building.

The entertainment firm, which lists Bruce Springsteen, Lady Gaga and U2 among its clients, will pay rents in the $90 per square foot range for the 30th, 31st and partial 32nd floors of the tower, where it has maintained offices since 1991.

Michael Cohen, the tristate president of Colliers International, represented the tenant. Matt Leon, a broker at Newmark Grubb Knight Frank represented the owner, TF Cornerstone, alongside in-house representative Chip Sealy. Read More