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Fisher Brothers announced that it has signed two separate lease expansion agreements with current tenants at 605 Third Avenue, for an aggregate of more than 25,000 additional square feet.
The first lease, with Univision Communications, Inc., adds more than 19,000 s/f in the form of the entire 14th floor, through 2028, and brings Univision to a total 194,601 s/f spread over eight floors throughout the building. Univision’s broker was Carl Eriksen at CBRE.
The second lease, with Davidoff Hutcher & Citron LLP, expands that firm’s current footprint by 6,000 s/f to more …
Many of the industry’s top brokerage professionals joined Hines, the international real estate firm, and exclusive leasing agent CBRE Group, Inc. for a private event in Bryant Park to get a firsthand look at the iconic new trophy-class office tower rising directly across the street at 7 Bryant Park. The signature building will offer 10-foot finished ceilings, full-height clear vision glass, two spacious tenth-floor terraces overlooking the park and a private penthouse terrace offering a privileged view of Midtown’s most beautiful green space.
Photos by Ed Lederman
The NYU Schack Institute of Real Estate of the NYU School of Continuing and Professional Studies (NYU-SCPS) will begin offering a 128-credit B.S. in Real Estate during the Fall 2013 semester that will be geared toward attracting traditional-age college students to this dynamic profession.
The comprehensive curriculum will be comprised of a unique blend of NYU liberal arts programming that will be complemented by in-depth immersion in a broad array of professionally focused courses.
Newmark Grubb Knight Frank (NGKF) Retail has secured two new locations for The Coffee Bean & Tea Leaf.
The California-based chain has signed leases at 1700 Broadway (between 53rd and 54th Streets) and 280 Broadway (between Chambers and Reade Streets).
NGKF Retail executive vice president Jeffrey D. Roseman, senior managing director Marc Frankel and managing director Benjamin Birnbaum arranged both leases on behalf of Coffee Bean. It will occupy 1,200 s/f at the base of 1700 Broadway, a 42-story office building owned by Ruben Companies. Ownership was represented in-house.
At 280 Broadway, …
Cushman & Wakefield has been appointed by Maiden Lane Development LLC to market a development site at 151-161 Maiden Lane, on the FiDi waterfront.
The site can take 249,242 s/f of development of apartments, offices, retail and, or, hotels or a combination of them all. The site is comprised of two contiguous lots, has no height restrictions and allows a developer the choice of either a single mixed-use tower or two individual developments, according to Helen Hwang of the C&W Capital Markets team.
151-161 Maiden Lane spans an entire block and is bounded by Maiden Lane, South Street, Fletcher Street and Front Street.
It is a neighbor of the South Street Seaport where Howard Hughes Development will begin a major redevelopment in the fall.
Headline-grabbing developers will take the stage at the 2013 Brooklyn Real Estate Summit next week.
Hudson Companies’ David Kramer, David Von Spreckelsen, a boss at Toll Brothers, and Two Trees honcho Jed Walentas will talk during the summit organized by TerraCRG with aptsandlofts.com and the Brooklyn Chamber.
Von Spreckelsen will discuss progress at Toll Brothers’ Brooklyn Bridge Park project, while it is expected that Kramer will use the platform to unveil two major rental projects the company is working on. Walentas is headlining the afternoon keynote event at 3:45.
Carlo A. …
Glenn Rufrano’s tenure as CEO has been good for Cushman & Wakefield, according to the company’s financial statement from the fourth quarter of 2012.
The company reported a revenue of $2.05 billion last year, the second highest revenue in its 95-years.
Earnings before interest, taxes, depreciation and amortization grew by more than 75 percent.
While New York City is still widely regarded as the “Financial Capital of the World,” global uncertainty, job losses and shrinking office footprints from Wall Street have all taken a significant toll on the city’s municipal tax base.
But despite these declines in the securities industry, retail, hospitality and tourism have played a bigger role in the recent recovery, according to new research.