Tri Realty has selected Colliers International as the exclusive listing agent for 801 Second Avenue, it was announced today. Currently, the building boasts availability of an entire 8,500-square-foot floor and a 5,000-square-foot partial floor.
“It’s a small assignment, but an important client,” Andrew Simon, executive managing director at Colliers, told The Commercial Observer. Mr. Simon is joined on the leasing team by Drew O’Malley, Arthur Zuckerman and Jack Schulman.
The building is located at the southwest corner of East 43rd Street, in close proximity to Grand Central Station. “This is a value play in the Grand Central market,” Mr. Simon said. Asking rents for the building are in the low-$50s per square foot, with leases in the high-$40s achievable, according to Mr. Simon.
Focus Financial Partners has signed an 11,923-square-foot office lease at The Durst Organization’s 825 Third Avenue in Midtown East.
The partnership of wealth management firms relocates to the 40-story, 544,000-square-foot office tower from the 7,400-square-foot space it previously occupied at 909 Third Avenue.
“The building offered a well-priced alternative along Third Avenue with great light, city views and an efficient floor plate configuration,” said Greg Kraut, principal and managing director of Avison Young’s New York City office in a statement, who represented the tenant with Dana Trulis and Paul Massey. “We are very pleased to have been able to identify a new office location for Focus that effectively addresses the firm’s business needs… this area of Third Avenue has become a destination for companies in search of value in a strategic Midtown locale with great access to transportation.”
Crime and Punishment
An administrative assistant at GVA Williams who was convicted of swindling $3 million from former company executive Andrew Roos over the course of nine years was denied parole earlier this month, The Commercial Observer has learned.
Agnes Dickinson, 59, was ordered to continue her up-to-13-year prison sentence at a Jan. 12 parole board hearing, according to the New York State Department of Corrections. She has been incarcerated at the Bayview Correctional Facility in Manhattan since 2008, shortly after being convicted of grand larceny, forgery and money laundering.
“After a review of the record and interview, the panel has determined that, if released at this time, there is a reasonable probability that you would not live and remain at liberty without again violating the law, and your release would be incompatible with the welfare of society,” the parole ruling reads.
Say what you will about dictatorships-human rights abuses, censorship and religious intolerance, for starters-they do make for truly fantastic tenants.
The unconventional wisdom is but one lesson real estate broker Gil Robinov has learned in a 40-year career that has put him in close proximity to monarchies and autocratic governments, from Egypt Read More