The Real Deal New York

Posts Tagged ‘cassidy turley’

  • dtz-plans

    From left: Peter Hennessy, Chris Helgesen, Joseph Swingle, 277 Park Avenue (credit: CoStar) and 1271 Sixth Avenue

    Less than three weeks after an affiliate of DTZ Investment Holdings acquired Cassidy Turley, the London-based commercial firm is slimming down its work force. DTZ laid off 45 employees nationwide Friday, including as many as nine brokers in New York, The Real Deal has learned. [more]

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  • dtz-buy

    From left: Peter Hennessy, Joseph Swingle, 277 Park Avenue (Photo: CoStar) and 1271 Sixth Avenue

    UPDATED, 7:35 a.m., Jan. 4: An affiliate of DTZ Investment Holdings closed Wednesday on the acquisition of the U.S. brokerage Cassidy Turley, a transaction that locally will lead to the combination of the two Manhattan offices into one, The Real Deal has learned. [more]

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  • Nation-33-Kahaner-Ogden

    From Left: Recent Nation cover, 33 Irving Place, Susan Kahaner and Jennifer Ogden

    The Nation, a progressive voice in the country for nearly 150 years, is facing a steep rent increase and may have to move to Lower Manhattan when its lease expires in 2016. [more]

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  • knakal-massey-hennessy-steir

    From left: Robert Knakal, Paul Massey, Peter Hennessy and Mitchell Steir

    Cushman & Wakefield’s acquisition of the local brokerage Massey Knakal Realty Services for a reported $100 million looks set to be the biggest shakeup in the local market this year. But it’s but by no means the only one. [more]

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  • Regus' Mark Dixon and One Pierrepont Plaza

    Regus’ Mark Dixon and One Pierrepont Plaza

    Office-space provider Regus is headed to Brooklyn after signing a 38,000-square-foot lease at Forest City Ratner’s One Pierrepont Plaza office building.

    Regus, which provides part-time office, co-working spaces and short-term rentals at several buildings in Manhattan, inked a 12-year lease for the entire 12th floor in the property located on the edge of Brooklyn Heights and Downtown Brooklyn. [more]

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  • persichetti-november

    From left: Richard Perischetti, 7 West 34th Street and One Vanderbilt in Midtown

    Office vacancies in Midtown South in November reached their lowest level in seven years, according to a new report from commercial brokerage Cassidy Turley. [more]

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  • office

    From left: Richard Persichetti, 1221 Sixth Avenue and 909 Third Avenue

    Despite a slight office market slowdown throughout Manhattan in October, subleasing is on the rise, according to a monthly report from commercial brokerage Cassidy Turley. [more]

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  • Manhattan office

    Manhattan office

    The Manhattan office market continued along an upward trajectory in the third quarter of 2014, as rising employment increased the number of office users in the borough. [more]

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  • Investor group to buy Cassidy Turley

    September 22, 2014 08:30AM
    Cassidy Turley CEO Joe Stettinius

    Cassidy Turley CEO Joe Stettinius

    A group of investors — including private-equity firm TPG — is reportedly buying commercial brokerage Cassidy Turley.

    The deal could be announced Monday, according to the Wall Street Journal. Cassidy Turley has more than 60 offices across the country. Investment management firm PAG Asia Capital and Ontario Teachers Pension Plan are also part of the group that is planning to buy Cassidy Turley, the Journal reported. [more]

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  • 99 Park Avenue (Credit: CoStar Group)

    99 Park Avenue (Credit: CoStar Group)

    Risk management software company Numerix is taking 31,615 square feet at Eastgate Realty’s 99 Park Avenue, The Real Deal has learned. Numerix is taking space formerly occupied by online advertising network Collective.

    In the sublease deal, Numerix will pay rents starting in the low $40s per square foot for its fifth floor space at the 26-story, 640,000-square-foot building, located between 39th and 40th streets. [more]

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  • nyc-officeTOPThe Manhattan office market chugged along in the final month of a busy summer, buoyed by a booming tech sector that is increasingly in expansion mode in Midtown South and beyond.

    Manhattan Class A office space went for an average ask of $75.54-per-square-foot last month, up 8.8 percent from $69.42 in August 2013, according to commercial brokerage Cassidy Turley’s latest Manhattan Office Market Report. The borough had an absorption of 1.2 million square feet, according to the report, and overall availability tumbled below 35 square feet for the first time since December 2008. [more]

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  • From left: Cassidy Turley president Peter Hennessy and managing principal Joseph Swingle and TPG Capital co-founders David Bonderman, James Coulter and Bill Price III

    From left: Cassidy Turley president Peter Hennessy and managing principal Joseph Swingle and TPG Capital co-founders David Bonderman, James Coulter and Bill Price III

    Commercial real estate firm Cassidy Turley has reportedly entered acquisition talks with Texas-based private equity firm TPG Capital. [more]

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  • cassidy

    From left: 2 Penn Plaza, UBM CEO Tim Cobbold and Richard Bernstein

    Vornado Realty Trust signed marketing and communications firm UBM to a 26,444-square-foot space at Two Penn Plaza in Midtown.

    UBM, which acquired Canon Communications in 2010 for $287,000, inked a 10-year lease that consolidates three of its offices into one space. The company currently occupies an office in Manhasset on Long Island and two additional locations in the city. [more]

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  • Inside Horizon Media's Manhattan office space

    Office space in New York City

    The Manhattan office market held steady in July, as demand Downtown remained strong and Midtown benefitted from an uptick in finance sector jobs. [more]

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  • 277-park

    277 Park and Mark Boisi

    The Stahl Organization is looking to lease the 50,000-square foot penthouse office space at 277 Park Avenue.

    Continental Grain Company will soon leave the space vacant, opting to move to the General Motors Building at 767 Fifth Avenue. Asking rent is $125 per square foot, the New York Observer reported. Stahl is open to leasing individual floors of the duplex to separate tenants. Mark Boisi and James Frederick of Cassidy Turley are handling marketing. [more]

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  • View from Brookfield’s 5 Manhattan West Redevelopment Project (Source: Brookfield Office Properties)

    The Manhattan office market roared on in the second quarter of 2014, as demand surged Downtown as availability declined in Midtown. [more]

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  • Manhattan office

    Manhattan office

    The Manhattan office market rebounded in May following an April slowdown, as the media migration Downtown continued and activity in Midtown South held steady with a number of modestly-sized leasing deals, according to the May 2014 Office Market Report from commercial brokerage Cassidy Turley. [more]

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  • April Manhattan office market

    April Manhattan office market

    The Manhattan office market’s ongoing recovery slowed in April, as the overall ability rate rose, with roomy Midtown South offerings hitting the market, according to the April 2014 Office Market Report from commercial brokerage Cassidy Turley. [more]

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  • From left: chief executive and president of Lebenthal Holdings Alexandra Lebenthal, chief executive of Lebenthal Wealth Advisors Frank Campanale and 230 Park Avenue

    From left: chief executive and president of Lebenthal Holdings Alexandra Lebenthal, chief executive of Lebenthal Wealth Advisors Frank Campanale and 230 Park Avenue

    A wealth advisory firm has signed a contract to sublet more than 40,000 square feet of space at Invesco’s Helmsley Building above Grand Central Terminal. [more]

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  • Manhattan office market

    Manhattan office market

    Class A office spaces larger than 100,000 square feet in Midtown South tumbled to their lowest availability rate in more than seven years, while asking rents around Manhattan continued their steady climb, according to the 2014 First Quarter Office Market Report from commercial brokerage Cassidy Turley.

    Manhattan Class A office rents hit an average ask of $73.77 in the first quarter, a 5.6 percent year-over-year uptick from $69.81 in the first quarter of 2013. Vacancy rates dropped to 10.4 percent from 11.8 percent, while the borough reported an absorption rate of 1.5 million square feet. “Vacancy is declining, rental rates are increasing, but they are not skyrocketing,” said Peter Hennessy, president of New York Tri-State region for Cassidy Turley. [more]

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