Sales Beat

TIAA-CREF Pays $60M for 1511 Third Avenue

1511 Third Avenue

TIAA-CREF has purchased 1511 Third Avenue on the Upper East Side from Related Companies for $60 million, sources tell The Commercial Observer.

The 60,000-square-foot property is a four-story landmarked building, one block south of East 86th Street, the main retail artery in the neighborhood. Read More

Lease Beat

Brooklyn NY Holdings Moves Downtown to 126 Fifth Avenue

126 Fifth Avenue (Courtesy of New York Architecture)

Brooklyn NY Holdings, an investment firm, will be moving down its headquarters down the street from 717 Fifth Avenue to 126 Fifth Avenue.

“[The move] was more just a change of feel,” commented Matt Ginberg, a broker at Jones Lang LaSalle and representative of the tenant, on the motivation behind the new location. “They like the MTS Read More