Lease Beat

Fora Financial Expands Presence in Midtown with 16,000-SF Lease

519 Eighth Avenue.

Fora Financial, which provides working capital solutions to small businesses and entrepreneurs across the country, has signed a seven-year lease for 16,000 square feet at the Kaufman Organization’s 519 Eighth Avenue.

Commercial Observer has learned that Fora Financial will occupy the 11th floor at the property, which sits between West 35th and West 36th Streets. This brings Fora Financial’s total square footage in Midtown to 27,000 square feet (it also occupies space at 242 West 36th Street). Read More

Lease Beat

Structural Engineering Firm Relocates Within Garment District

519 Eighth Avenue.

Rosenwasser/Grossman Consulting Engineers, the structural engineering firm that has worked on scores of residential projects in New York City, now has a new home of its own.

Commercial Observer has learned that the company has signed a 10-year lease for 8,000 square feet at the Kaufman Organization’s 519 Eighth Avenue between West 35th and West 36th Streets. RGCE will occupy the 20th floor. Read More

Lease Beat

High-End Designer to Stay Put in Garment District

519 Eighth Avenue

Luxury clothing and accessory design company Adrienne Landau will remain in its 13,589-square-foot headquarters on the 21st floor of Kaufman Organization‘s 519 Eighth Avenue through a five-year renewal, Commercial Observer has learned.

The fashion company offers fur outerwear and fashion accessories like silk scarves and has outfitted celebs like Lady Gaga, Madonna and the late Joan Rivers. Its showroom and office space will stay between West 35th and West 36th Streets in the 349,000-square-foot building with asking rents in the low-$40s per square foot, Kaufman officials said. Read More

Lease Beat

Fashion Designer Cuts a Deal to Relocate in Garment District

132 West 36th Street.

Women’s fashion designer Donna Morgan will move three blocks south in the Garment District through a seven-year, 8,272-square-foot lease at the Kaufman Organization‘s 132 West 36th Street, Commercial Observer has learned.

The company, which designs outfits ranging from wedding dresses to casual wear, will occupy a showroom and office on the north side of the eighth floor of the structure between Broadway and Seventh Avenue. Kaufman officials expect them to relocate from 530 Seventh Avenue in February 2015 at the building where asking rents run in the high $40s per square foot, they said. Read More

Lease Beat

Red Payments Renew at 132 West 36th Street

Courtesy of Kaufman Organization and CoStar

Red Payments has renewed its lease in Midtown, the Commercial Observer learned.

The merchant solutions and services firm will continue to operate out of its 16,213-square-foot office on the third floor of Kaufman Organization-owned 132 West 36th Street. The renewal extends through the next seven years. Read More

Lease Beat

Cubic Transportation Grabs 10K 462 Seventh Avenue

Courtesy of Sparta Commercial

Cubic Transportations will relocate their regional offices to Midtown.

Cubic Transportation Systems will take a 9,750-square-foot space on the 14th floor of 462 Seventh Avenue as its United States East Coast regional office. The department is one of three under Cubic Corporation, standing next to Cubic Defense Systems and Cubic Mission Support Services. Read More

Lease Beat

New York Real Estate Institute Expands at 132 West 36th Street


The New York Real Estate Institute has locked up its own real estate for another eight years after it re-signed its lease to expand to 7,986 square feet at 132 West 36th Street.

NYREI, which offers courses in continuing education for a variety of real estate topics, will be expanding by an additional 1,470 square feet in its new lease. NYREI will now have the entire second floor in the 12-story building.

Steven Kaufman and Barbara Raskob of the Kaufman Organization represented both the landlord and the tenant in the lease deal.  The property is owned by Kaufman Arcade Associates, according to CoStar data.

Asking rent for the space were in the mid-$30s per-square-foot. Read More

Lease Beat

Konner Teitelbaum & Gallagher Content with 462 Seventh Ave, Re-Up for 10 Years

462 seventh avenue

Real estate law firm Konner Teitelbaum & Gallagher P.C. has renewed its lease for 9,750 square feet of space at 462 Seventh Avenue, it was announced earlier this week.

The company, which has been in the building for the past 10 years, will have its office repainted and carpeted. Asking rent in the 10-year lease renewal ranged between the high $30s to the low $40s per-square-foot.
Read More

Lease Beat

Hermes’ Favorite Carpet Makers Relocate to 22 West 19th Street

22 West 19th Street (photo courtesy of CoStar)

Fort Street Studios, a bespoke carpet company that weaves fine silk carpets for clients like Hermes and Louis Vuitton, is moving from its Soho offices to 22 West 19th Street.

The company, which was founded by artists Janis Provisor and Brad Davis, is moving from its old offices on 578 Broadway to a 8,100 square foot space on the 5th floor of the Flatiron area building, which is managed by the Kaufman Organization. Fort Street Studios signed a 10-year lease in the deal, with an asking rent in the high $30s-a-square-foot.

Steven Kaufman and Barbara Raskob of the Kaufman Organization represented the landlord in the deal. Jim St. Andrew of Peter McCuen & Associates, Inc. represented Fort Street Studios.  Read More