The Real Deal New York

Posts Tagged ‘CBRE’

  • cbre

    Mark Fisher and 99 Wall Street in Lower Manhattan

    The Claremont Group received a $52.4 million loan from Cornerstone Real Estate Advisers for a conversion project on the site of a 25-story building.

    The floating-rate loan carried an interest rate “in the low-middle single digits,” a spokesperson for brokerage CBRE told the New York Observer. CBRE’s Mark Fisher handled negotiations for the financing. Claremont is planning to build high-end residential condominiums on the site, at 99 Wall Street, which now holds office space. [more]

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  • 4-wtc

    4 World Trade Center and Mary Ann Tighe

    Chicago-based investment research firm Morningstar has grabbed 30,000 square feet at Silverstein Properties’ 4 World Trade Center, according to the developer.

    The firm signed for 10 years on the 48th floor and is set to relocate by the middle of next year. Jeremy Moss, director of World Trade Center leasing at Silverstein, and a CBRE team that included Mary Ann Tighe, Evan Haskell, Steve Siegel and Adam Foster represented the landlord. CBRE’s Michael Liss represented the tenant. Morningstar’s current New York office is located on the 33rd floor of 1065 Sixth Avenue. [more]

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  • 115-broadway

    115 Broadway and Keith Ellis

    Business-to-business advertising agency Gyro signed a lease for more than 22,300 square feet at Capital Properties’ 115 Broadway in Lower Manhattan.

    The firm will relocate its headquarters at 31 West 27th Street in Chelsea to the 14th floor of the landmark building along Broadway. Savills Studley executive Keith Ellis represented Gyro, while a CBRE team including Adam Foster, Michael Rizzo, Sam Spillane and Brad Gerla represented Capital Properties. [more]

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  • wimbledon_stacom

    Darcy Stacom and 200 East 82nd Street

    JPMorgan is looking to sell a recently renovated, 223-unit Upper East Side rental tower that industry experts say could fetch north of $200 million.

    The bank’s investment management arm is searching for a buyer for the Wimbledon, the 28-story apartment building at 200 East 82nd Street it purchased back in 2008 for $150.35 million. Darcy Stacom and Paul Liebowitz at commercial brokerage CBRE have the listing. A spokesperson for the brokerage declined to comment. [more]

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  • cbre

    New York City, the largest multifamily market in the U.S., saw a slight uptick in rent per unit year-over-year to $2,534, according to a national second-quarter multifamily report from brokerage CBRE. [more]

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  • Wells Fargo Center

    Wells Fargo Center

    From the South Florida website: While the South Florida residential market has garnered attention with a profusion of new condos rising, the office market in the region is showing positive signs as well, a new report from CBRE shows.

    Miami’s office sector finished the second quarter of 2014 with a 15.5 percent vacancy rate, down from 16.2 percent during the first quarter and 17.3 percent during the second quarter of 2013. Landlords completed 160 lease transactions totaling 877,000 square feet during the quarter. The market’s average asking rental rate was $30.83 per square foot, an increase of 12 cents from the first quarter. [more]

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  • From left: One Wall Street, 1412 Broadway, 30 Rockefeller Center and Eastdil’s Doug Harmon and Adam Spies

    Large office property sales soared in the first half of the year, during which time New York-based commercial brokerage Eastdil Secured remained the sector’s top broker. [more]

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  • 4-wtc

    From left: 4 World Trade Center, Mary Ann Tighe and Jeremy Moss

    Marketing software developer MediaMath inked a 15-year lease for 106,000 square feet at Silverstein Properties’ 4 World Trade Center. [more]

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  • cbre

    Peter Turchin and 11 Madison

    The Manhattan office leasing market saw across-the-board increases in average asking rents, leasing activity and absorption in the second quarter – the first quarter this has occurred since 2000, according to a report from CBRE released today.

    Leasing activity in the borough so far this year climbed to 15.6 million square feet from 11.9 million square feet year-over-year. There was 8.3 million square feet of space leased in the second quarter, up from 6.8 million square feet in 2013’s second quarter. In the second quarter, Manhattan had an average asking rent of $65.37 per square feet, vacancy rate of 8 percent, availability rate of 11.5 percent and absorption level of 1.45 million square feet. [more]

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  • twitter-245-and-249-west-17th

    From left: Twitter logo, 245 and 249 West 17th Street

    Average asking rents in Midtown South have nearly closed the gap with those in Midtown, according to a new report from CBRE Group. [more]

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  • cbre

    Jeff Dunne and One Meadowlands Plaza

    CBRE Group said it brokered the sale of One Meadowlands Plaza, a 423,000-square-foot office tower in East Rutherford, N.J., to a firm called Vision Properties for $108.7 million.

    The building, known locally as the Met Center, is a 15-story LEED Gold office tower near MetLife Stadium and the American Dream, a massive 1.7 million-square-foot retail complex, with an additional million square feet of amusement space that is under development. [more]

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  • From left: Time Life Building, Mary Ann Tighe, Howard Fiddle

    From left: Time Life Building, Mary Ann Tighe, Howard Fiddle

    The search is on to find tenants for the Time Life building. [more]

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  • From left: 451 Lexington at 45th Street today and the corner in 2010

    From left: 451 Lexington at 45th Street today and the corner in 2010

    Two ground floor retail condominiums in the high-rise at 451 Lexington Street sold for $35 million, property records show. The two units total 5,175 square feet of space. [more]

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  • From left: 55 Broadway, Peter Turchin, Zachary Freeman and Jonathan Cope

    From left: 55 Broadway, Peter Turchin, Zachary Freeman and Jonathan Cope

    Harbor Group has named CBRE the agent for the 31-story 55 Broadway, a 361,000-square-foot office property also known as One Exchange Plaza. [more]

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  • From left: Scott Rechler and 237 Park Avenue

    From left: Scott Rechler and 237 Park Avenue

    RXR Realty scored its first big renewal at 237 Park Avenue after acquiring the 21-story office property with Walton Street Capital early last year. Prudential Financial-owned investment firm Jennison Associates renewed its lease for 146,000 square feet and added 20,000 square feet.

    The space’s asking rent is in the $80-per-square-foot range. Jennison is set to occupy part of the 19th floor, in addition to the 17th and 18th floors, as part of the 10-year renewal. [more]

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  • From left: 142 Mercer Street and the interior of an & Other Stories shop

    From left: 142 Mercer Street and the interior of an & Other Stories shop

    H&M’s sister label & Other Stories has chosen 575 Broadway in Soho’s Cast Iron District for the location of its flagship store. The planned opening later this year will mark the brand’s first footprint in the U.S. market. [more]

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  • Yelp CEO Jeremy Stoppelman (Credit: Business Insider) and 11 Madison Avenue (Credit: CoStar Group)

    Yelp CEO Jeremy Stoppelman (Credit: Business Insider) and 11 Madison Avenue (Credit: CoStar Group)

    Yelp, the online review website used by millions of New Yorkers and tourists to navigate the Big Apple, is finalizing a 140,000-square-foot office in the city, The Real Deal has learned. The company is in advanced discussions with the Sapir Organization and CIM Group to take the entire 14th and 16th floors of the 30-story tower at 11 Madison Avenue, located between 24th and 25th streets. [more]

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  • From left: TD Bank and renderings of the proposed 1 Vanderbilt

    From left: TD Bank and renderings of the proposed 1 Vanderbilt

    Toronto-based TD Bank is reportedly mulling a move to SL Green’s planned 65-story tower at 42nd Street, close to Grand Central Terminal. [more]

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  • From left: CBRE's David LaPierre and Amira Yunis at ICSC, 489 Broadway, Karen Bellantoni of RKF and Peter Braus of Lee & Assoc.

    From left: CBRE’s David LaPierre and Amira Yunis (at ICSC), 489 Broadway, RKF’s Karen Bellantoni and Peter Braus of Lee & Associates

    Manhattan’s real estate brokers hustled over the past weeks to finalize new assignments so that they would be ready for the International Council of Shopping Centers’ annual conference RECon, which wraps up today. [more]

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  • icsc

    From left: Robert Futterman, Patricia Garcia, David Edelstein, Simon Ziff, Laurie Golub, Gary Trock and Emanuel Stern

    New York City’s nearly 2,000-person contingent at the International Council of Shopping Center’s annual RECon conference in Las Vegas jumped from a day of pool lounging and dealmaking to party hopping last night. Click here for a slideshow and more.

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