The Landmarks Preservation Commission approved new signage for 30 Rock yesterday, in a move that will bring down the giant General Electric sign at the tower’s apex. [more]
Posts Tagged ‘30 rockefeller plaza’
Dallas-based corporate law firm Haynes and Boone are now the single largest tenant at Tishman Speyer’s 30 Rockefeller Plaza after signing a lease for an additional 38,193 square feet of office space in the building.
With the additional room, Haynes and Boone takes up 112,793 square feet of the Midtown building on floors 24 through 26. Tishman Speyer was represented in-house in the deal, while Ken Rapp, David Kleinhandler and Andrew Sussman of CBRE represented the firm. [more]
Tishman Speyer will reopen the iconic Rainbow Room at 30 Rockefeller Plaza in the fall of next year, the developer said. [more]
Global corporate law firm Baker Botts is holding on tight to its 104,000 square feet at Tishman Speyer’s 30 Rockefeller Center, the New York Post reported.
The firm’s 10-year lease will continue to cover the 43rd, 44th and 45th floors. Rents for the space started at $80 per square foot. The firm paid $140 per square foot in 2008 for an expansion into part of a floor, the Post said, citing CompStak. [more]
The legendary Rainbow Room at Tishman Speyer’s 30 Rock is stirring once again, getting ready to come out of a four-year hibernation.
Tishman Speyer is looking to reopen the landmarked Art Deco venue by the end of next year’s first quarter and is soliciting bids from restaurant suppliers, reported the New York Post, citing sources who declined to be identified because of confidentiality agreements. “Third parties” — not Tishman Speyer — approached the suppliers, the sources told the newspaper. [more]
Comcast’s $16.7 billion acquisition Tuesday of the remaining stake in NBCUniversal includes the sale of a large chunk of the iconic 30 Rockefeller Plaza, the Wall Street Journal reported. As part of the deal with General Electric for the 49% of NBC that it doesn’t already own, Comcast will pay $1.4 billion for 1.3 million square feet of office and studio space in the building as well as in CNBC’s headquarters in Englewood Cliffs, N.J. The deal is one of the largest the market has seen in recent years, eclipsing even the Chetrit Group’s acquisition of the Sony Building at 550 Madison Avenue for $1.1 billion. … [more]
The Rainbow Room at Rockefeller Center today became the city’s 115th interior landmark with a unanimous vote by the Landmarks Preservation Commission, according to an LPC press release issued today. The famed Art Deco-style supper club set atop 30 Rock offered dining and dancing and was home to some of the city’s most lavish events, before it closed in 2009. The Cipriani restaurant family, the operators of the space, left due to high rents.
“The Rainbow Room came to epitomize New York City glamour,” said Chairman Robert Tierney in the release. “It retains not only many of its original characteristics, but also several generations’ worth of memories.” [more]
Tourists won’t be the only shoppers stampeding to Rockefeller Center if Tishman Speyer gets its way. Crain’s reported the landlord is remaking the retail at its iconic complex, in an effort to “bridge the gap” between the tenants of Fifth Avenue in the streets numbered in the mid-40s and those in the 50s.
Last week menswear shop Onassis opened at 30 Rockefeller Center, replacing a souvenir shop. This year apparel chain Free People and handbag company Longchamp also opened around the center, and Canadian fashion store Aritzia (replacing Espirit), Michael Kors (replacing Kenneth Cole at 610 Fifth Avenue) and hip coffee shop Blue Bottle have also signed on for spaces. [more]
The Landmarks Preservation Commission is slated to hold a vote tomorrow to give the awaiting-a-facelift Rainbow Room nightclub at 30 Rockefeller Center “interior landmark” status, the New York Post reported. If the majority vote comes out in favor, the next step would be to hold a public hearing.
Airy, open-plan office spaces, once seen as difficult to rent, are commanding some of the highest office rents in Manhattan since the recession, the New York Times reported, some more than $100 a square foot. These spaces, with dramatic city views, can be found in Midtown towers like 499 Park Avenue and 250 West 55th Street, the Times said, as well as downtown at 1 and 3 World Trade Center, now under construction.
Also desirable for their floor plans are buildings like 51 Astor Place, 28-40 West 23rd Street and 30 Rockefeller Center, where investment company Lazard is redesigning its 430,000 square feet on the top floors.
“Constantly now, we see firms wanting to build dramatic space,” said Peter Turchin, an executive vice president at CBRE. … [more]
After much speculation that they would move to Brookfield Properties’ largely vacant World Financial Center in Lower Manhattan, law firm Milbank Tweed, Hadley & McCloy LLP may stay at 1 Chase Manhattan Plaza, the New York Observer reported. The firm occupies 375,000 square feet on several floors at the property owned by JP Morgan Chase.
Brokers told the Observer that lease negotiations with Brookfield were so advanced that Brookfield was representing an approximately 300,000 square foot space as “spoken for,” in their negotiations with other companies. But sources said that the firm is now in negotiations to renew their existing lease at 1 Chase Manhattan, on the corner of Liberty and William streets in Lower Manhattan. … [more]
The NBC Sports division may move out of 30 Rockefeller Plaza to Connecticut, the New York Times reported. According to the Associated Press, the company has already agreed to move to Stamford to take advantage of increased tax credits that the city has been offering to businesses.
As has been reported earlier, Gov. Dan Malloy of Connecticut has launched a “First Five” program, which offers tax credits and loans to the first five businesses in the state to promise to create at least 200 jobs. … [more]
From left: 30 Rockefeller Center, a rendering of Four World Trade Center and the Empire State Building
Manhattan’s commercial office market shows signs of a long-awaited
rebound, as new leasing activity jumped to 7.6 million square feet during
the first quarter of 2011, marking the highest figure since the third quarter of
2006, according to data released today by Cushman & Wakefield.
The improving market helped property sales more than double to $5.5
billion from $2.3 billion in the year-ago quarter, while the office vacancy
rate fell to 10 percent from 10.5 percent at the end of December. Leasing
was up by 1.9 million square feet, or 34 percent higher than during first-
“On top of a very strong fourth quarter for new leasing activity, we’ve
kicked off 2011 with even more momentum from pent up demand and
decisive moves on the part of Manhattan businesses and organizations,”
said Joseph Harbert, COO for Cushman & Wakefield’s New York Metro
Law firm Morrison Foerster has signed a letter of intent to become the anchor tenant at Boston Properties’ new 250 West 55th Street tower, the Post reported. The firm is said to be taking upwards of 200,000 of the 843,564 square feet at the building, in a move that one source said finally renders it “a viable project.” Construction on the 40-story, Skidmore Owings & Merrill-designed property stalled in 2009 when the economy sank, causing it to lose prospective tenants like Proskauer Rose, which had been in negotiations to lease 400,000 square feet there before opting instead for 11 Times Square. … [more]
NBC Universal has signed a 10-year lease for 1.4 million square feet of space at Rockefeller Center in the wake of its acquisition by Comcast, according to the Post. The space, which NBC parent company General Electric bought for $440 million in 1996 after the Rockefeller Center bankruptcy bailout, consists of full-floor office condominiums in 30 Rockefeller Center (where the lease includes 75,602 square feet), the studio building at 49 West 49th Street (where NBC leased 475,110 square feet) and 1250 Sixth Avenue (where NBC leased 187,065 square feet). As part of the deal, brokered by Scott Panzer of Jones Lang LaSalle, NBC will have first dibs on the condos if GE ever decides to sell them. … [more]
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]
NBC Universal has signed a three-year, 28,541-square-foot lease at 135 West 50th Street between Sixth and Seventh avenues, according to Murray Hill Properties, which represented the landlord. The tenant was represented by Cushman & Wakefield. Although the final rent was not immediately available, the asking rent for the space was $60 per square foot. The office is roughly four blocks from NBC Universal headquarters, located at 30 Rockefeller Plaza. TRD
Crain’s New York Business looks at Manhattan office buildings that illustrate how the office market has shifted over the years since the Great Depression. These buildings include 1540 Broadway, whose 22-year lifespan has shown how hard real estate is to value, and 30 Rockefeller Plaza, built during the Depression. Manhattan office rents saw their biggest quarterly drop in 25 years during the first quarter of 2009, according to Cushman & Wakefield. Real estate experts have begun looking to history as they try to figure out how much further office rents and prices could fall before rebounding.