By Al Barbarino 1/22 3:45pm

Sales Beat

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CUNY to Put $62 M Towards New Digs and Medical Equipment

The City University of New York will split the proceeds from the $62 million sale of the Grace Building at 535 East 80th Street, to buy some pricey science equipment and the 30-year condo interest it agreed to buy last year at 205 East 42nd Street.

One half of the money will buy the new high-end instruments to be used for research at the CUNY Advanced Science Research Center on the City College campus in Harlem, while the other half buys the seven floors in the former Pfizer building at 3rd Avenue and 42nd Street, said Michael Arena, a spokesperson for the university.

“We are very excited about this new location, especially because it will have very prominent storefront access,” Mr. Arena said. Read More

By Al Barbarino 12/27/12 7:30am

Lease Beat

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Epiq Systems to Ink 100,000 SF Deal

Technology firm Epiq Systems is on the brink of signing a lease for roughly 100,000 square feet of office space at 685 Third Avenue, The Commercial Observer has learned.

A source familiar with the deal said it was slated to close towards the end of last week, but the deal had not closed by press time.

“A couple more days,” the source said. Read More

By Daniel Geiger 5/03/12 1:30pm

Lease Beat

The Network Mary Ann Tighe Built.

A&E Commits to 222K Swing Space

A&E Television Network has renewed its 222,000-square-foot temporary office lease at 685 Third Avenue, but only until the end of the year, when the large network is planning to relocate back to space it has on East 45th Street. Read More