Extrovertic, a healthcare marketing company, has signed a five-year lease for a full-floor office at 30 West 21st Street, between Fifth and Sixth avenues, according to building owner Beck Street Capital, a real estate investment firm. Extrovertic’s 5,150-square-foot lease is the ninth that Beck Street has signed at the building in the last seven months. The building is now 75 percent leased up, with another 25 percent of the building currently in negotiations. While Beck Street declined to comment on Extrovertic’s rent at the 12-story building, a spokesperson for the landlord said asking rents there started in the low $40s per square foot. TRD [more]

Ofer YardeniFrom the December issue: At times, this city can seem like an ocean of distress without a drop to drink. Half-built or unsold condos abound. Office buildings dot marginal neighborhoods offering low rents to stay full. Loans secured by real estate are in trouble all over. Yet all this distressed commercial inventory can be elusive, kept off-limits by banks waiting for a full recovery and perhaps mindful that in the last downturn, in the early 1990s, they may have let go of valuable real estate too soon. Nonetheless, some are figuring out how to wrest control of these troubled properties, and this month The Real Deal compiled a scorecard of the big private equity funds clearly leading the way. [more]

The West Village’s Bleecker Street is now home to the third-most
expensive storefronts in the city, according to the Daily News. Three properties were sold this week
for $34 million, or $6,700 a square foot, as The Real Deal reported. Private real estate investment firm Beck Street Capital sold 367-369, 382-384 and 387 Bleecker Street, with tenants such Michael Kors and Burberry signing long-term leases (note: correction appended). Since 2003, Fifth and Madison avenues have been the only retail areas to fetch higher prices that the West Village. Comments

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Kevin Comer, founder of Beck Street Capital, and 367-369 Bleecker Street

Real estate investment firm Beck Street Capital sold six retail condominiums in Greenwich Village for $34 million today, or $6,700 per square foot, the company said in a statement. The sale price per foot for the properties at 367-369, 382-384 and 387 Bleecker Street between West 11th and Charles streets, was the third highest on record in the United States, according to data from real estate tracking firm REIS, Beck Street said. The buyer was not identified. The spaces are occupied by retail tenants such as Burberry, Michael Kors, Marc Jacobs and A.P.C. Robert Knakal and James Nelson of Massey Knakal represented Beck Street in the transaction. TRD [more]

367-369 Bleecker Street

Luxury retailer Burberry has signed a 10-year lease for ground floor retail space at 367-369 Bleecker Street, a condominium on the corner of Charles Street in the West Village, according to real estate investment firm Beck Street Capital, which owns the building. The new location is the sixth in New York City for Burberry, which currently has stores in Soho and on the Upper West and Upper East sides. Isaacs and Company represented the landlord, while Siegel Consultants was the tenant’s broker. TRD

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From the October issue: Like a vertical ghost town, 11 Times Square, the city’s largest
speculative office tower, remains entirely unleased more than two years
after breaking ground in the summer of 2007. Some experts give the owners — a partnership between developer SJP
Properties and a fund managed by Prudential Real Estate Investors
called PRISA — little chance of holding on to the 1
million-square-foot building without a significant debt restructuring,
if at all. They cite the current weak economy, the 25 percent decline in rents,
and the cost of the building, a pricey $1,100 per square foot. Those affiliated with the building, which is located at 640 Eighth
Avenue between 41st and 42nd streets, have put on a brave face,
however. They say there is a great deal of activity at 11 Times Square,
which is being marketed by commercial brokerage CB Richard Ellis.

A 100-foot stretch of Bleecker Street is hitting the market, sources
told the New York Post. CB Richard Ellis is marketing seven Beck Street
Capital-developed retail condominiums at 367-369, 382-384 and 387
Bleecker Street. Investors might pay several thousand dollars per
square foot for the condos, which the Post said add up to 97,000 square
feet and can be purchased together or individually. Pierre Deux
Antiques, Little Marc Jacobs and Mulberry are the retailers occupying
the condos. [more]