Commercial real estate leasing startup View the Space is preparing to introduce a mobile reporting platform, Commercial Observer has learned.
Next week, the real-time data provider, which aims to streamline the leasing process for brokers and landlords, will introduce the mobile platform for iPhone and iPad after beta testing the product for the last couple of weeks. Read More
Memorial Sloan Kettering Cancer Center has signed a seven-year, 54,200-square-foot sublease with EdisonLearning, Inc. at 485 Lexington Avenue, Commercial Observer has learned.
MSKCC will occupy the second floor of the building and the lease will run through the end of EdisonLearning’s own sublease of the space, as EdisonLearning had subleased it from Advance Magazine Publishers for an 11-year term in 2009 after relocating from its previous offices at 521 Fifth Avenue.
On June 17, 2013, the head of SL Green’s in-house legal team, Neil Kessner, hopped on the subway with the firm’s president, Andrew Mathias, and headed to 1 Saint Andrews Place to meet retail bigwig Jeff Sutton for a meeting with the U.S. Attorney’s Office’s head of forfeiture, Sharon Cohen Levin.
The SL Green/Sutton team had won an RFP issued in October 2012 to purchase the 49-year leasehold interest on the roughly 32,000-square-foot retail condo at 650 Fifth Avenue, signing a letter of intent for the leasehold on January 2013. Read More
When Stephen Green of SL Green thinks back on his start in real estate in the mid 1980s, he recalls two major mentors.
One was Bernard Mendik, who sold Mr. Green one of his first Manhattan buildings.
“Bernie was one of my mentors when I first started in the business,” Mr. Green, the chairman Read More
As the city and real estate market continued its post-recession surge over the past year, a number of significant milestones played out under the watchful eyes—and in some cases careful direction—of the Real Estate Board of New York that will shape the future of the city for decades to come. Read More
Multi-family office and portfolio management firm TAG Associates is relocating its corporate headquarters to SL Green’s 810 Seventh Avenue after spending nearly three decades at Rockefeller Center.
810 TAG Associates Leaving Rock Center for SL Green Building The firm signed a 10-year, 22,437-square-foot lease for the 7th floor of the 41-story, 694,000-square-foot office tower. Read More
The accounting firm Lipsky Goodkin & Co. renewed its 10,093-square-foot lease at 120 West 45th Street (aka Tower 45), The Commercial Observer has learned.
Scott Weiss of Studley represented the tenant. An in-house team represented the landlord, SL Green. Read More
Jeff Sutton is the buyer of SL Green‘s 33.3 percent stake in the retail co-op at 747 Madison Avenue, according to a New York Post report. The deal makes Mr. Sutton the sole owner of the space.
SL Green announced earlier this week it had agreed to sell its stake in the co-op in deal valuing the space at $160 million. In conjunction with the sale, the real estate investment trust agreed to make a $30 million preferred equity investment in the property.
The Metro-North Commuter Railroad Company has signed a 20-year, 265,903-square-foot lease at the Graybar Building at 420 Lexington Avenue, landlord SL Green said yesterday.
The tenant, a subsidiary of the Metropolitan Transit Authority, has renewed its lease for its 133,503-square-foot space across the entire 11th, 12th and partial 22nd floors. Metro-North has also expanded into an additional 132,400 square feet on the entire 10th floor and much of the second, third and fifth floors.
View the Space, the real estate startup that collects leasing data and creates virtual space tours, has secured a $7 million round of venture funding.
The funding, provided primarily by Trinity Ventures of Menlo Park, Calif., will allow View the Space to expand into new markets and build the next generation of the service, according to a report by The Wall Street Journal.
“We believe that real estate has been, like some industries, underpenetrated by information technology,” said Noel Fenton, a general partner at Trinity, in an interview with the Journal. “There is an opportunity there to help owners and brokers execute their job more efficiently through online facilities.”
iAcquire will be leaving its office in the heart of Times Square to move to a 5,162-square-foot space in tech-heavy Midtown South.
The content marketing agency that specializes in marketing strategy, social media and search engine optimization will leave its office at 268 West 44th Street in favor of 304 Park Avenue South. The deal marks the Read More
New York City-based mortgage risk-management firm Mortgage Industry Advisory Corp. has inked an eight-year, 20,897-square-foot sublease for the entire ninth floor at SL Green’s 521 Fifth Avenue, relocating from its two offices in the Financial District.
The firm has offices at 80 Maiden Lane and 30 Broad Street and eyed a space in Midtown South Read More
Element Capital has signed a 10-year expansion deal at SL Green’s 600 Lexington Avenue, doubling its space to 13,500 square feet on the 33rd and 34th floors of the building, The Commercial Observer has learned.
The hedge fund will pay rent starting in the mid-$70s per square foot, according to data from CompStak. Element first signed a lease at the building in 2009 when starting rent for the 34th floor space was in the low-$70s per square foot. Read More