Lease Beat

Mediaocean Relocating to RXR Property

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Mediaocean, a developer and provider of advertising software, is relocating to RXR Realty’s 620 Avenue of the Americas after signing a 14-year, 88,387-square-foot lease for a portion of the property’s sixth floor. Asking rent was in the low-$60s.

The tenant, which has 80,000 users and processes $130 billion annually, is relocating from 115 West 18th Street. Mediaocean, headquartered in New York, also operates offices in Atlanta, Chicago, New Jersey, Los Angeles and Louisville in the United States. International locations include Toronto, Paris and London. Read More

The Year in Review

2012: The Year Tech Invaded NYC Real Estate

year tech broke

This past February, 10Gen, developer of the computer system database MongoDB, was in search of new office space, specifically in tech- and media-rich Midtown South.

The company needed a large open layout for its workers, with an option for more space to allow the firm to grow—plus an option to terminate. Unfortunately, the ultra-tight market Read More

Lease Beat

Spotify Close To 620 6th Avenue Deal

620 Avenue of the Americas

Spotify is on the verge of signing a 73,000-square-foot lease for the entire seventh floor of 620 Avenue of the Americas several sources familiar with the deal say.

The company, which provides online streaming music services, will move to the building from 111 Eighth Avenue. Read More

Lease Beat

Weight Watchers Signs 125K S/F Deal

675 Avenue of the Americas

Weight Watchers is signing a 125,000-square-foot lease at 675 Avenue of the Americas for its Manhattan headquarters.

The company will relocate from 11 Madison Avenue, where it was subleasing space from the insurance company AON.

As of press time, the terms of the company’s deal, including the rental rate it was agreeing to pay nor the length of the lease, were yet clear. Read More

Lease Beat

Spotify Looks at 73K s/f Deal on Ladies’ Mile

620 Avenue of the Americas

Spotify, the online music streaming service, is looking at a deal to take the entire seventh floor of the office building 620 Avenue of the Americas several sources told The Commercial Observer.

The space, the top floor in the roughly one million-square-foot building, is 73,000 square feet and one of the prime vacancies in the hot Ladies’ Mile submarket of Midtown South. Read More