Accounting giant Deloitte has signed an 18-year lease for 12 floors with a total of around 430,000 square feet at 30 Rockefeller Center, according to the Observer. The deal — the largest of 2011 so far and only slightly smaller than the largest office lease of 2010 — brings a likely end to more than a year of intense speculation about the firm’s real estate search, which was headed by Cushman & Wakefield’s John Cefaly and Dale Schlather and included high-profile buildings like 11 Times Square, 4 World Trade Center and 4 World Financial Center. [more]

Accounting firm Deloitte — one of the largest tenants on the market
for office space in New York City — has asked the city for at least
$10.65 million in tax credits in exchange for staying on this side of
the Hudson River and increasing its employee count, according to the
Observer. The firm, which is currently headquartered at 1633 Broadway
with offices at 25 Broadway and the World Financial Center, had been considering a move to New Jersey.
If the city doesn’t grant tax exemptions Deloitte wants — the total
sum requested could rise up to $21 million — the firm is threatening
to follow through with that interstate move. Last month, it was
reported that Deloitte was renewing its 400,000-square-foot lease
at Brookfield Properties’ 4 World Financial Center. According to the
firm’s request to the city, it is still in the process of negotiating
that lease, which will house its U.S. headquarters, and could thus back
out if it deems New Jersey a better choice. [NYO]

[more]

25 Broadway (source: PropertyShark)

The advocacy group American Thoracic Society is moving two blocks further downtown with a new lease signed this week at 25 Broadway, the bui [more]

25 Broadway (source: PropertyShark)

The advocacy group American Thoracic Society is moving two blocks further downtown with a new lease signed this week at 25 Broadway, the bui [more]

25 Broadway (source: PropertyShark)

The advocacy group American Thoracic Society is moving two blocks further downtown with a new lease signed this week at 25 Broadway, the bui [more]

25 Broadway (source: PropertyShark)

The advocacy group American Thoracic Society is moving two blocks further downtown with a new lease signed this week at 25 Broadway, the bui [more]

A 42,000-square-foot private college just opened on the 16th floor of 25 Broadway in the Financial District, the Downtown Express reported. The Albany-based Mildred Elley college, offering two-year health sciences and nursing programs, opened Monday as a result of a recession-induced demand for new career training, said a college administrator. The Empire Education
Corporation shelled out $2.5 million for the space to accommodate the 105 students who enrolled this week. Harry Krausman, managing director of Cassidy Turley, the real estate firm that negotiated the deal on behalf of the school, said the
three-month negotiation process was a bit turbulent, as the college was bumped from the original floor they signed off on and had to redesign the space on the 16th floor to fit its needs. But he said the landlord was very receptive to the school. [Downtown Express]

[more]

The new Spruce Street school

From the February issue: Newcomers are moving Downtown for a host of reasons, from deals on apartments to historic surroundings. And increasingly, another lure is good schools. They seem to be such a selling point that many of them are now seriously overcrowded. “They play a huge part in bringing people here,” said James Attard, an associate broker with the Tribeca-based Tabak Real Estate, who’s been selling homes there for six years. Top-ranked P.S. 234 on Greenwich Street, which many call a neighborhood jewel, appears to be significantly boosting property values, even when compared to P.S. 89 in Battery Park City, which is itself prized. Indeed, from 2006 to 2010, homes in the P.S. 234 zone were listed at prices about 30 percent higher than those near P.S. 89, according to StreetEasy, the real estate data company, though other factors may be at play. That may explain why even residents who don’t have children are upset over plans by the city to alleviate the overcrowding by reassigning kids from P.S. 234, which is jam-packed, to other District 2 schools through a large-scale rezoning. Adding two schools and carving up the neighborhood into new districts is meant to address crowding. Temporary rezoning was instituted last spring; a controversial rezoning was finalized in late January.

[more]

Several office tenants are on the hunt for office spaces over 100,000
square feet, the New York Post reported. Law firm Paul, Weiss, Rifkind,
Wharton & Garrison’s lease at 1285 Avenue of the Americas expires
in 2011, and the firm may renew but is also looking at new space. Law
firm Gibson, Dunn & Crutcher, now at 200 Park Avenue, is looking
for 200,000 square feet. Sesame Television Workshop is also looking for
200,000 square feet, but it is looking primarily in the outer boroughs,
relocating from One Lincoln Square. Health insurance firm HealthFirst,
now occupying space at 25 Broadway and 123 William Street, is hoping to
consolidate into one 150,000- to 180,000-square-foot space. [more]

Claremont Prep
had planned to open a 200,000-square-foot middle and high school at the
Sapir Organization’s 100 Church Street, but sources say the deal fell
through. A source told Downtown Express that there was a problem with
the school’s planned rooftop addition; Claremont wanted to build a 23rd
floor on top of the building for a semi-enclosed outdoor space. Asking
rent at 100 Church was $40 a square foot, and the entire school project was
slated to cost about $30 million, the school said in March. The
Observer reported this week that the school was looking at space in 25
Broadway.