Lease Beat

Universal Music Group Inks Renewal at 1755 Broadway

235_w_56th_symphony_house_full_blg_web

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

Lease Beat

Entertainment Law Firm Grubman Indursky Shire & Meiselas Renews at Carnegie Hall Tower

450px-Carnegie_Hall_Tower

Law firm to the stars Grubman Indursky Shire & Meiselas will stay grounded at Carnegie Hall Tower after renewing its 26,000-square-foot lease at the Midtown building.

The entertainment firm, which lists Bruce Springsteen, Lady Gaga and U2 among its clients, will pay rents in the $90 per square foot range for the 30th, 31st and partial 32nd floors of the tower, where it has maintained offices since 1991.

Michael Cohen, the tristate president of Colliers International, represented the tenant. Matt Leon, a broker at Newmark Grubb Knight Frank represented the owner, TF Cornerstone, alongside in-house representative Chip Sealy. Read More