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Articles Archive for 3 January 2013

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[3 Jan 2013 | No Comment | ]
Muss Development inks 10,000 sf lease with FEMA in SI

Following the short-term 200,000 sf regional headquarters lease the Federal Emergency Management Agency (FEMA) signed recently at Muss Development LLC’s Forest Hills Tower in Queens in support of Hurricane Sandy recovery efforts, FEMA has now leased 9,688 sf for short-term use at Muss’ 4434 Amboy Road in Staten Island.

Deals & Dealmakers »

[3 Jan 2013 | No Comment | ]
Adidas jumps to Hudson Square

Adidas, the international designer and manufacturer of athletic shoes, apparel and accessories, is joining the growing community of global brands moving to the Hudson Square area, signing a 10-year lease for 15,220 square feet on the third floor of Trinity Real Estate’s 435 Hudson Street.

Deals & Dealmakers, Featured »

[3 Jan 2013 | No Comment | ]
Brookfield signs 134,000 s/f lease at One Liberty Plaza

Brookfield Office Properties Inc. announced today that it will lease 134,000 s/f at One Liberty Plaza in Lower Manhattan to Transatlantic Reinsurance Company.

Transatlantic has leased the space for a 15-year term and will occupy three floors at One Liberty Plaza. The building is now 98.6% leased.Transatlantic took over floors from MF Global Trustee and Sirius America, in addition to a vacant floor, according to a spokeswoman.

“We are pleased to welcome the Transatlantic Reinsurance Company to One Liberty Plaza in Lower Manhattan,” said Jerry Larkin, senior vice president, director of leasing New York and Boston Regions. “Given the high level of activity within our Lower Manhattan portfolio, we are optimistic that leasing momentum will continue through the beginning of 2013.”

Editorial Supplements, Featured »

[3 Jan 2013 | No Comment | ]
ULI bringing balance to extreme weather debate

As the New York area recovers from the aftermath of Hurricane Sandy, one of the lingering questions has been the issue of how to protect buildings and infrastructure vulnerable to flooding and what to do about future development.

Some have proposed legislation restricting land use going forward, forever banning building in areas destroyed by the hurricane.
Other groups, like the non-governmental Urban Land Institute, say they have a more balanced approach and can help communities in the midst of debate.

Deals & Dealmakers, Featured »

[3 Jan 2013 | No Comment | ]
Related buys High Line site

Related Companies has purchased a potential development site next to the HighLine Park in Chelsea for $65 million, according to city records.

The parcel of land, purchased from the Central Iron and Metal Company, offer frontage on both 27th and 28th Streets between 10th and 11th Avenues, and is adjacent to the High Line on 28th.

Deals & Dealmakers, Featured »

[3 Jan 2013 | No Comment | ]
Sitt breaks price records with Mad buy

Making it’s second big purchase in a week, Thor Equities brought 2013 in with a bang, closing on the $277 million purchase of the landmark Carlton House retail space.

Company executives confirmed Wednesday Thor had purchased the 36,000 s/f space from Extell Development Co.

“Madison Avenue is so closely identified with luxury and class that the name itself has become synonymous with high-end, so much so that it is essential for any retailer calling itself a ‘luxury brand’ to have a presence on this thoroughfare,” said Joe Sitt, CEO of Thor Equities.

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