Deals & Dealmakers, Photo Gallery »

[4:42 pm, October 29, 2014 | No Comment | ]

A launch party for the new Vicky Ward real estate book, The Liar’s Ball, held at the home of magazine editor Tina Brown, drew several prominent real estate executives. The book chronicles the history of the GM Building and its suitors, including Harry Macklowe and Donald Trump. Real Estate Weekly is giving away free copies of the book with new subscriptions to the industry’s oldest commercial real estate title.
Photos by Patrick McMullan

Deals & Dealmakers »

[12:39 pm, October 29, 2014 | No Comment | ]

JLL has completed five transactions, totaling 37,165 s/f, at 3 Columbus Circle, 1775 Broadway, on behalf of building ownership.
Versace USA Inc. signed for 21,342 s/f,  The Benvolio Group LLC took 5,789 s/f, Schireson Associates Inc. leased 3,886 s/fg , Lagoda Investment Management LP signed for 3,097 s/f and MFC Industrial Ltd. took 3,057 s/f at the the Class A, 747,416 s/f commercial office building.
The building owners were represented in all five transactions by Paul Glickman, Frank Doyle, Mitti Liebersohn, Alexander Chudnoff, Jonathan Fanuzzi, Diana Biasotti, and Benjamin Bass, all with …

Deals & Dealmakers, Finance & Accounting »

[12:32 pm, October 29, 2014 | No Comment | ]

Lee & Associates has formed a new acquisition division through a partnership venture with Cogswell Real Estate.
Lee — with its affiliate Sierra Real Estate — and Cogswell Realty have formed Cogswell Lee Development Group to jointly pursue acquisition opportunities in the New York City Metropolitan area.
The original relationship between the two firms began in 2012 when Sierra and Cogswell integrated their property management operations to create a broad real estate operating platform.
Soon thereafter, the partnership rolled out a project/construction management venture, Sierra Development Associates, which provided project/construction oversight services for …

Brokers Weekly »

[12:27 pm, October 29, 2014 | No Comment | ]

Keller Williams NYC (KWNYC), announced it has acquired CitySites New York, a boutique Manhattan real estate firm specializing in the exclusive rental business.
Through this acquisition, KWNYC will add CitySites 150 building exclusive rental portfolio in Manhattan locations.
“Although sales represent 75% of our current business and will continue to be our main focus, this acquisition supports our commitment to the exclusive side of the real estate business whether rentals or sales,” said Eric Barron, CEO of Keller Williams NYC. “Over 40 agents will be joining KWNYC along with CitySites Founder Scott Hakim …

Deals & Dealmakers »

[12:25 pm, October 29, 2014 | No Comment | ]

The Insurance Information Institute has renewed its office lease at 110 William Street.
Savanna and KBS Strategic Opportunity REIT, joint owners of the 928,157 s/f property, announced the 7,900 s/f lease signing.
“The downtown area has continued to gain momentum as tenants in a diverse mix of industries have found a home in Lower Manhattan,” said Brian Reiver, director of leasing at Savanna. “We are equally excited that a long standing tenant in the building has recommitted to both 110 William and Lower Manhattan.”
Savanna and KBS are implementing a capital improvement plan at …

Deals & Dealmakers »

[12:24 pm, October 29, 2014 | No Comment | ]

The John Simon Guggenheim Memorial Foundation, which has sublet the entire 33rd floor of 90 Park Avenue for 50 years, has signed a direct lease for that space, announced Arnold Gamberg, executive vice president of EVO Real Estate Group, who represented the tenant.
The new lease, which encompasses 13,878 s/f, will take effect in April of 2015.
United States Senator Simon Guggenheim and his wife established the foundation in 1925 as a memorial to a son who died in 1922.
“It’s a privilege to represent such a prestigious organization,” said Gamberg. “And I’m …

Deals & Dealmakers »

[12:23 pm, October 29, 2014 | No Comment | ]

Cushman & Wakefield announced that it represented Lagardère Unlimited, Inc., a global sports and entertainment management and marketing company, in a long-term lease for its New York headquarters location at 488 Madison Avenue, situated between 51st and 52nd Streets in Midtown Manhattan.
Lagardère will occupy 18,555 s/f on the entire 16th floor in the 24-story office building. The company will relocate its offices from 235 Park Avenue South.
“We can’t wait to move into our new North American headquarters at 488 Madison Avenue. Its style will mirror that of Lagardère’s global headquarters …

Deals & Dealmakers »

[12:21 pm, October 29, 2014 | No Comment | ]

CBRE Group, Inc. announced that it represented the law firm of DeCorato Cohen Sheehan and Federico LLP in its 18,983 s/f office lease relocation to 90 Broad Street in Downtown Manhattan.
CBRE’s Roger Griswold and Jeff Sharon represented the tenant, who will occupy the entire 14th floor in a 15-year lease term with the building’s landlord, Princeton Properties. The law firm will move from its current location at 810 Seventh Avenue in January 2015.
Eight years into a 10-year lease at 110 Wall Street, DeCorato Cohen Sheehan and Federico LLP was displaced …

Related Posts Plugin for WordPress, Blogger...