Lease Beat

Big East Conference Moving to Big Apple

Providence forward Kadeem Batts (10) dunks on Xavier's Matt Stainbrook (40). (Credit: Frank Victores, USA TODAY)

The Big East Conference is betting on the Big Apple to help usher in a new era.

The reconfigured conference has chosen The Durst Organization’s 655 Third Avenue in Midtown as its official headquarters after cutting a 10-year, 13,742-square-foot lease across the seventh floor of the 30-story property. Read More

Lease Beat

Renewable Energy Markets Firm Inks 675 Third Avenue Lease

675 Third Avenue. (Credit: PropertyShark.)

Karbone, a renewable energy and environmental markets firm, has signed a lease for a 4,351-square-foot portion of 30th floor at the Durst Organization’s 675 Third Avenue, Commercial Observer has learned. Asking rent for the pre-built space was $60 per square foot.

The tenant is currently headquartered at 130 West 42nd Street and will relocate next month.  Karbone, which operates an additional office in London, provides brokerage, capital advisory and research services for new energy asset classes, including carbon credits, emission permits and clean fuels. Read More

Lease Beat

DEA Moving to Brookfield Place

250 Vesey Street.

The Drug Enforcement Administration’s New York Organized Crime Drug Enforcement Task Force (OCDETF ) Strike Force reportedly signed a lease for 56,000 square feet at 250 Vesey Street, one of the five office towers that make up Brookfield Place.

The OCDETF Strike Force is taking the entire 19th floor and will move upon the expiration of its current lease at 85 10th Avenue. Read More

Lease Beat

Relativity Media Inks 315 Park Avenue South Lease

315 Park Avenue South.

Beverly Hills-based studio Relativity Media has signed a lease for its first New York location, Commercial Observer has learned. The studio signed a 10-year deal for the entire 16,874-square-foot second floor at Spear Street Capital’s 315 Park Avenue South and will pay rent starting in the mid-$60s per square foot.

Founded in 2004, Relativity Media is best known as a producer and distributor of films and television programs. Among other credits, the company has been involved as producer or distributor for The Social Network, The Fighter and Act of Valor. Read More

Lease Beat

Revenue Watch Institute Signs Lease at 80 Broad Street

80 Broad Street.

Revenue Watch Institute, a non-profit policy and grantmaking organization, has signed a seven-year lease for a 7,255-square-foot portion of the 18th floor at Savanna’s 80 Broad Street, Commercial Observer has learned. Asking rent for the space was in the high-$30s per square foot.

The nonprofit, which was represented in the transaction by Andrew Stein of Vicus Partners, will relocate its New York headquarters from the seventh floor of 1700 Broadway in approximately three months. Read More

Power Broker

EVO’s Ira Fishman Talks About Acquiring Winoker and Growing the Family Business

Ira Fishman

Ira Fishman is walking around his office with carpet and base molding samples in his hand. EVO Real Estate Group President Dana Moskowitz wants his input on the color scheme for the company’s new offices. He says Ms. Moskowitz has better taste than him, but she wants him to weigh in on the color scheme anyway. He is her father after all.

In the end, he agrees with Ms. Moskowitz: White walls and light gray tones (including gray base) with blue accents are the way to go. Read More

Lease Beat

Rennert International Expands at 211 East 43rd Street

Courtesy of Agorafy

Rennert International is consolidating its offices in Midtown.

The foreign language education provider will move from its 10,800-square-foot floor at 211 East 43rd Street to a 25,701-square-foot layout that spans the entire second floor, half of the third floor and the entire 19th floor. The deal, set to span 10 years, comes in effort to combine several offices into one central area. Read More

Relocation

EVO Moving to Bigger Digs on West 40th Street

1430 Broadway

Come the end of April, EVO Real Estate Group will be operating out of bigger offices on the southeast corner of 40th Street and Broadway, in a move out of what was Winoker Realty‘s offices. The company is currently picking out its carpet and base molding colors.

The new 13,350-square-foot space, spanning the entire 20th floor of 1430 Broadway, was selected for a number of reasons. One is that EVO CEO Ira Fishman knew the building, having worked in it while at Newmark Knight Frank (which merged with Grubb and Ellis in 2012 and became Newmark Grubb Knight Frank) from 1994 to 1997. Also, the space, Mr. Fishman said, is “ideally laid out for us.” Read More

Lease Beat

Photo App Startup Signs 100 Wall Street Lease

100 Wall Street.

Pixable, the developer of a mobile photo application of the same name, has signed a five-year lease for a 6,836-square-foot portion of the 18th floor of Savanna’s 100 Wall Street, Commercial Observer has learned.

The company’s product aggregates photos from various social networks and sorts them into feeds. Founded in 2009, Pixable was acquired by SingTel in 2012 for $26.5 million, according to CrunchBase, and is currently headquartered at 137 Varick Street. Read More

Lease Beat

Citi Habitats Moving on Up in Noho

665 Broadway

Citi Habitats is moving its Noho office from a storefront location to a fifth-floor space.

The residential real estate brokerage has signed a lease for 6,189 square feet on the fifth floor at 665 Broadway, at the corner of Bond Street, Crain’s reported. The upstairs office replaces a smaller storefront location at 37 Third Avenue, a spokesman for Citi Habitats told Commercial Observer. Read More

Lease Beat

Sixth Tech-Related Tenant Leases at 292 Madison

292 Madison

Technology-focused venture capital firm Greycroft Partners has taken the entire 6,035-square-foot 20th floor at 292 Madison Avenue, Commercial Observer has learned. It’s a new lease for the firm, which focuses on investments in early-stage companies, primarily in the digital media sector.

The asking rents were in the high-$50s, according to a spokesperson for the asset manager, Herald Square Properties, which oversees the property on behalf of the landlord, Marciano Investment Group. Read More

Lease Beat

Savanna Signs Another New Tenant at 80 Broad Street

80 Broad Street

Indus Architect has signed a seven-year lease for a 2,240-square-foot portion of the 16th floor at Savanna’s 80 Broad Street, Commercial Observer has learned.

The tenant will relocate to the Financial District from the 12th floor of 225 West 39th Street immediately. Asking rent at 80 Broad Street ranges from $36 to $42 per square foot. Read More

Lease Beat

Dan Rather Inks New Office Lease at 1180 Avenue of the Americas

Dan Rather.

Veteran journalist Dan Rather is relocating his offices to 1180 Avenue of the Americas after cutting a 4,479-square-foot lease for a rectangular pre-built space on the building’s 18th floor. 

The 82-year-old journalist and current host of “Dan Rather Reports,” which airs on cable channel AXS TV, will move from his current office at 130 West 42nd Street to the new space on April 1.

Read More

Lease Beat

Lincoln International Moving to 444 Madison Avenue

444 Madison Avenue.

Independent investment bank Lincoln International has signed a 10-year lease for an 11,869-square-foot portion of the third floor of 444 Madison Avenue, Commercial Observer has learned.

The Chicago-based tenant will relocate its New York office from nearby 360 Madison Avenue and pay rent starting in the mid-$60s per square foot, according to data from CompStak. Read More