Lease Beat

Leasing Activity Continues at 101 Park Avenue

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Morgan Stanley has signed a long-term renewal for 39,000 square feet across the 23rd and 24th floors at 101 Park Avenue, it was announced today.

“101 Park Avenue has always been and continues to be a property where our tenants are able to provide their employees and clients the best environment possible for conducting business,” said Peter Kalikow, owner and developer of 101 Park Avenue, in a statement. “I am proud of the fact that 101 Park Avenue has such a prestigious roster of tenants who recognize value and stay for a long time.” Read More

Lease Beat

Macy’s Expands, Renews For A Total 197,000 Square Feet At 1440 Broadway

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Monday Properties announced the 31,700-square-feet expansion of Macy’s, Inc. at 1440 Broadway, the building Monday Properties owns and operates on the southern fringe of Times Square at 40th Street.

It was the storied 150-year old retailer’s third expansion in two years at the 25-floor office building, and gave it full occupancy of the 10th floor, which Advance Magazine Publishers had  subleased to Skadden Arps since 2006. CBRE Vice Chairmen Scott Gottlieb and Michael Laginestra represented the tenant, while Monday Properties Director Jordan Berger represented the owner. Read More

Lease Beat

USA Today Owner Inks 23K Deal

1440 Broadway. (Courtesy Property Shark)

Gannett Co. is leasing a 23,000 square foot space at 1440 Broadway. The media holding company, which owns USA Today as well as several other daily newspapers and television stations across the country, will be using the space for a new online division a source said. Read More

Triple Threat

When’s the leasing market going to return, or has it returned already?

Mr. Siegel: The leasing market has shown strong indications in Midtown of returning to good health. It appears that people have determined that the rents have bottomed out and they want to take advantage of the bargains that are out there. June, Read More