Lease Beat

Courtesy of Cohen Brothers

Verigold Jewelry Moves US Office to 3 East 54th Street

Verigold Jewelry will be moving to a new office in Midtown.

The jewelry trading company, previously located on the ninth floor of 501 Madison Avenue, will be moving to an 11,735-square-foot office at 3 East 54th Street. The company is a subsidiary of Mumbai-based Renaissance Group and designs, manufacturers, and sells diamond and gem jewelry. Read More

Lease Beat

St. Luke’s Roosevelt Hospital Leases Space for UWS Outpatient Facility

St. Lukes Roosevelt Hospital signed a 15-year, 12,500-square-foot lease at the Starrett Development-owned 733 Amsterdam Avenue. A source informed The Commercial Observer that the hospital paid in the high $50s per square foot for the space.

Starrett will build a two-story annex, separate from the rest of the largely residential building, said hospital spokesperson, Jim Mandler. The hospital will take the second Read More

Lease Beat

Tokyo tunes into 530 Seventh Avenue.

Tokyo Fashion House Comes to Seventh

Onward Kashiyama! said all involved parties last Thursday, as the Japanese fashion house by that name renewed its lease at 530 Seventh Avenue for three years.

Tokyo-based Onward Kashiyama distributes a number of men’s and women’s apparel lines, including preppy men’s clothier J. Press. The Connecticut-born retailer is perhaps best known for selling sweaters emblazoned with the logo of Skull and Bones, Yale University’s most notorious fraternal organization. Onward also owns top ballet shoe makers Chacott and Freed of London, and designs custom clothes for brands such as Calvin Klein and Sonia Rykiel. Read More

Advantage, Savitt

The Commercial Observer:

You just celebrated the one-year anniversary of Savitt Partners. How has it been? Everything you hoped it would be?

Mr. Savitt: It’s been great. It really has worked out well. Things are going very well. It’s been a lot of fun. And no complaints. We wish the economy was Read More