Lease Beat

Universal Music Group Inks Renewal at 1755 Broadway

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Despite having five years left on its current lease, Universal Music Group has signed 10-year renewal for its 242,505-square-foot space on floors two through eight at Jack Resnick & Sons1755 Broadway, The Commercial Observer has learned. The music publishing company’s lease agreement for the entire office portion of the mixed-use building now extends through 2028. Read More

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Minute By Minute: The First Day and a Half at the International Council of Shopping Centers RECon Expo

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On Sunday night at the MGM Grand Garden Arena in Las Vegas, Taylor Swift and Justin Bieber made the fans squeal and the paparazzi snap. But just off the strip, at the Las Vegas Convention Center, the real action got underway with the start of RECon. Below, The Commercial Observer’s
reconnaissance work at The Global Real Estate Convention, where 35,000 registered attendees are helping to shape the future of retail real estate. Read More

Lease Beat

Hudson Jeans Gets Down on More Space Like Wiz Khalifa

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Kate Hudson, Taylor Swift, Selena Gomez, a consortium of post-college-aged women across the city – and real estate professionals looking to get down like Wiz Khalifa – will presumably be pleased to hear that Hudson Jeans has bulked up its space at 231 West 39th Street.

The apparel company, which supplies department stores across the city with its clothing, has signed a 10-year, 6,973-square-foot renewal, adding 2,700 square feet to its showroom, as it grows in popularity among celebrities – and the men and women who admire them.

“The building really looks like a 25- to 35-year-old, post-college, women’s closet… every brand you would see in a department store or out at a bar or club at night,” said Jeffrey Buslik of Adams & Co., who represented the tenant and the landlord in the transaction. Read More