By Gus Delaporte 5/03 9:00am

The Plan

CO Page 102 - The Plan

Check Out Malone’s New Office at 145 West 57th Street

Originally on the hunt for an office space between 2,200 and 2,500 square feet, real estate investment firm Malone looked at available space at 145 West 57th Street.

Not satisfied with the original 2,271-square-foot portion of the ninth floor it was shown, Malone instead opted to take the entire 4,368-square-foot floor plate, combining two separate spaces that, once reconfigured, will include two conference rooms, two pantries and a number of perimeter offices, including an executive corner suite.

Abe Labaton, managing director at Murray Hill Properties, who represented the tenant, spoke with The Commercial Observer last week about the layout and the process of combining spaces. Read More

By Billy Gray 4/16 9:00am

Power Broker

Barrett Friedman, Mael Mitterrand, Christine Emery, Yair Staav

Retail Comes to Murray Hill Properties

David Greene had retail brokerage on his mind, and he didn’t want a lone wolf.

Mr. Greene, the president of brokerage services at Murray Hill Properties, was assembling a retail team at the firm, which had gone without one for nearly four years.

He was drawn to Christine Emery and Yair Staav, who had formed a partnership at The Lansco Corporation in 1999 and proceeded to build the New York presences of tenants including Uniqlo, Hermès and La Maison du Chocolat. A long courtship followed and has now culminated in Emery-Staav Retail at MHP. Read More

By Gus Delaporte 4/03 11:00am

Midtown East Rezoning

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In the Zone: Midtown East Rezoning Faces Challenges, Some Warn

Capital requirements and the debate over building preservation are just two of the roadblocks the Midtown East rezoning plan faces on the path to approval, real estate professionals say.

Market participants anticipate a significant review process before any ground is broken, despite the plan’s potential benefits.

“I think it’s a work in progress,” David Greene, principal and president of brokerage services at Murray Hill Properties, told The Commercial Observer. “I think it will, eventually, after lots of public review, have a substantial meaning for the Grand Central area and north.” Read More

By Billy Gray 3/14 1:47pm

Lease Beat

30broad

First Chinese Presbyterian Community Affairs Signs For 8,600 Square Feet at 30 Broad Street

First Chinese Presbyterian Community Affairs has signed a 10-year, 8,600-square-foot lease at 30 Broad Street in the Financial District.

Marc Shapses and Nancy Weinstein of Studley represented the tenant, a faith-based nonprofit organization. Richard Doolittle and John P. Howard of Murray Hill Properties represented the landlord, Gotham Realty Holdings. Asking rents were $34 per square foot.

First Chinese  will move into a a pre-built and fully furnished space in the 431,502-square-foot, 46-story Art Deco building located just 200 feet from the New York Stock Exchange. Neighboring tenants will include Skygroup Realty, a residential brokerage firm that last December signed for 2,340 square feet at 30 Broad Street. Read More

By Gus Delaporte 3/12 8:00am

Lease Beat

639 w 46 st

Metropolitan Pavilion Signs Lease for Former H&H Bagel Factory

Special event venue and production company Metropolitan Pavilion has signed a lease for 639 West 46th Street, the former H&H Bagel Factory, it was announced yesterday. Asking rent was approximately $45 per square foot.

The building, owned by MKF Group, includes 25,000 square feet over two floors, with 14-foot high ceilings throughout, according to a statement. Metropolitan Pavilion requires spaces with large footprints and high-ceilings, which in current market conditions are not readily available, according to Alan Boss, president.

The property is currently undergoing renovations which are scheduled for completion by November 2013. The renovation of the building is being done in cooperation with architect David Feldman and will include a renovated façade, new elevator, new stairs and new mechanicals, according to Adam Smith, director of real estate at MKF. Read More

By Jotham Sederstrom 3/08 10:00am

The Plan

CO Page 38 - The Plan

The Plan: Check Out SBFI’s New Showroom for Trading Desks

WHEN SBFI, a vendor of financial and control room furniture, sought to relocate its showroom space, company executives repeatedly found themselves touring a web of buildings associated with Randy Sherman, an executive managing director at Murray Hill Properties who also represents Rose Hill Properties Associates.

But it was a 12-story asset at 461 Park Avenue South that solidified the company’s decision to commit to Midtown South. Despite initial worries about high rent, officials at SBFI, which counts seven of the world’s 10 largest investment banks as clients, were persuaded to move from 701 Seventh Avenue earlier this year. The change of heart, said Mr. Sherman, an executive managing director at Murray Hill Properties who represented the landlord, occurred shortly after SBFI officials were shown a clearer picture of just how tight a market Midtown South had become—yet a newly renovated lobby at the 31st Street building may have clinched the deal.

Mr. Sherman reviewed the plans with The Commercial Observer and discussed what, exactly, drew SBFI to a 4,775-square-foot, 10th-floor office earlier this year after a lease-signing in July. Read More

By Al Barbarino 2/01 4:40pm

Lease Beat

1441 Broadway

By Design Signs 21,711 SF at Leon Charney’s 1411 Broadway

By Design has signed a 21,711-square-foot lease at 1441 Broadway, a building owned by real estate tycoon Leon Charney.

The company takes a full floor in the building, in a space formerly occupied by Fifth and Pacific Companies (formerly Liz Claiborne Inc.), which will double as an office space and showroom.

“We’re glad to have them and we’ve almost backfilled all the space in the building – they’re a welcome addition,” said Bruce Block, Mr. Charney’s right hand man at L.H. Charney & Associates, the building ownership.  “They’re in the apparel and fashion industry and our building is predominately fashion.  They will be able to use some of the existing build-out space on the floor.” Read More

By Michael Ewing 1/18 5:00pm

Lease Beat

Courtesy of Micro Offices

Micro Office Solutions Opens New Location

Micro Office Solutions has inked a deal for its fifth location in New York.

The office services company will sublease a 26,000-square-foot office on the 12th floor of 1601 Broadway between 48th and 49th streets in Times Square. The space will join their portfolio of offices that include 36 West 20th Street in Flatiron, 122 West 27th Street in Chelsea, 1375 Broadway in Midtown, and 902 Broadway near Union Square and Madison Square Park. Read More

By Billy Gray 1/18 3:00pm

Lease Beat

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HP Girlswear/BB Active Signs For 61,916 Square Feet of Office Space At 100 West 33rd Street

HP Girlswear/BB Active signed a lease for a total 61,916 square feet of office space spread over two floors at Vornado Realty Trust‘s 100 West 33rd Street, the Herald Square building that houses the Manhattan Mall.

Arnold Gamberg, a senior executive manager at Murray Hill Properties, represented the tenant.  Vornado was represented in-house by Craig Panzirer, a vice president and director of the firm’s Penn Plaza portfolio, and Jared Solomon, a leasing agent. Read More

By Karsten Strauss & Al Barbarino 1/18 1:39pm

Postings

REBNY Ballroom final

Ballroom Waltz: A Minute-By-Minute Account of Last Night’s REBNY Gala

Thursday’s Real Estate Board of New York gala packed an estimated 2,400 guests into the Hilton New York’s overstuffed Grand Ballroom—an increase from last year by about 200. The Commercial Observer walked the room, hobnobbed with brokers and landlords and taste-tested a dinner of steak and potatoes while washing it all down with a few stiff drinks. Staff Reporters Karsten Strauss and Al Barbarino get the inside dish.

Read More

By Billy Gray 1/17 12:45pm

Lease Beat

45-11 33rd Street

Gander & White Leases 60,000 Square Feet At 45-11 West 33rd Street

Gander & White, the 80-year old company that provides shipping services to museums, art dealers and collectors, signed a 60,000-square-foot lease at 45-11 33rd Street in Long Island City.

Jesse Rubens of Murray Hill Properties and Lawrence Smith of Sholom & Zuckerbrot represented the landlord. Joseph Grotto of Cassidy Turley represented the tenant, which will use the space for a combination of office and storage uses. Read More

By Billy Gray 1/17 9:00am

Assignments

60madace

Murray Hill Properties Wins Leasing Assignment At Moinian-Owned 60 Madison Avenue

The Moinian Group has awarded the leasing assignment for 60 Madison Avenue to Murray Hill Properties, The Commercial Observer has learned.

Newmark Grubb Knight Frank was the previous leasing agent at the 12-floor, 200,000-square-foot building at Madison Avenue between 26th and 27th Streets. Murray Hill Properties, which a source says won the assignment two weeks ago, plans to rename the building 2 Madison Park. Read More

By Al Barbarino 12/14/12 7:45am

Lease Beat

30 Broad Street (Credit: Gotham Realty Holdings)

Skygroup Realty Takes 2,340 Square Feet at The New York Stock Exchange Building

Residential brokerage Skygroup Realty has signed a seven-year lease for 2,340 square feet in the The New York Stock Exchange Building at 30 Broad Street, The Commercial Observer has learned.

The firm relocated to the 26th floor of the building from its previous location at 350 Broadway.

“The tenant runs a successful brokerage firm downtown and they needed to expand into a prebuilt space ASAP,” said Daniel Lolai of Murray Hill Properties, who represented SkyGroup Realty.  “It was very important for them to have minimal downtime when moving so 30 broad was the perfect match… Skygroup Realty deserves it.  It’s a great firm with honest people and they are growing quickly.” Read More