Hachette Filipacchi, the publisher that recently lost out to beauty giant Avon in talks to take over several open floors at the William Kaufman Organization’s 777 Third Avenue, is reportedly closing in on a deal at the 48-story Time-Life Building at 1271 Avenue of the Americas in Rockefeller Center. The contract would be for 132,000 square feet of space previously occupied by Lehman Brothers, which had subleased the three floors from Time Inc. Hachette would be downsizing significantly from its current 263,010 square feet at 1633 Broadway, which is owned by Paramount. Deloitte is also expected to vacate 1633 Broadway soon, in a move that could leave the door open for television network A&E. Currently located at 235 East 45th Street, A&E is in the market for 350,000 square feet of space and is rumored to have looked at the Empire State Building and Worldwide Plaza in addition to Paramount’s building. [Post]

Avon, the beauty giant which had reportedly been angling for nearly 250,000 square feet at the William Kaufman Organization’s 777 Third Avenue, made the deal official last night after less than three months of negotiations, the Post reported. The 15-year lease on floors two through 11 outsizes all leases signed in 2009, with the exception of the Gap’s move to 40 Worth Street. Sources told the Post that Avon will receive one year of free rent, after which the company will initially pay in the low $40s per square foot. Rent will gradually increase from there to the low $50s per square foot. Avon, which is currently located at 1251 Avenue of the Americas, plans to move to 777 Third Avenue in early 2011. It is keeping its smaller offices at 1345 Sixth Avenue for the time being. Avon’s new digs were previously occupied by Grey Group, an advertising firm that relocated to 200 Fifth Avenue. Peter Riguardi and Frank Doyle of Jones Lang LaSalle and Michael Lenchner of Sage Realty represented the Kaufman Organization in the deal. CB Richard Ellis’ Jon Zuckerman and Leonard DiMicelli with Cushman & Wakefield’s Dale Schlather represented Avon. [Post]

In what may turn out to be one of the biggest Manhattan office leases of the year, beauty giant Avon is in the midst of negotiating a deal for 250,000 square feet of space at 777 Third Avenue for its new U.S. headquarters, sources told the Observer. The 15-year lease on the second through 10th floors of the William Kaufman Organization’s building means Avon would vacate its current space at 1251 Avenue of the Americas. Publishing company Hachette Filapacchi has reportedly also been eyeing some of that same space, and Peter Riguardi of Jones Lang LaSalle, who is representing the Kaufman Organization with Frank Doyle, said they are in good company. “We have almost 1 million square feet in proposals that we’ve been entertaining for the property,” he said. [NYO]