The Real Deal New York

Posts Tagged ‘CBRE’

  • From left: Robert Sulentic, CEO of CBRE, and Colin Dyer, CEO of JLL

    From left: Robert Sulentic, CEO of CBRE, and Colin Dyer, CEO of JLL

    First REITs stumbled, now the major commercial brokerages seem to be following.

    The stocks of CBRE and JLL and other major commercial firms are down significantly this month, with the giants losing 8 percent and 8.7 percent of their values, respectively. In addition, Marcus & Millichap stock was down 10 percent, with HFF down a whopping 17 percent. [more]

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  • 125 Park Avenue in Midtown (inset: Pandora CEO Brian McAndrews

    125 Park Avenue in Midtown (inset: Pandora CEO Brian McAndrews)

    Online music provider Pandora Media is expanding its lease at SL Green’s 125 Park Avenue by 51,000 square feet, taking its total at the Midtown office building to almost 104,000 square feet. [more]

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  • From left: Sheikh Khalifa bin Zayed Al Nahyan, ruler of Abu Dhabi, 5 Madison Avenue and Qatari emir Sheikh Tamim bin Hamad Al Thani

    Middle Eastern investors are projected to spend an average of $15 billion annually on the international property market over the next few years, according to a new report. [more]

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  • 787 Eleventh Avenue on the Far West Side (inset: Bill Ackman)

    787 11th Avenue on the Far West Side (inset: Bill Ackman)

    UPDATED, 11:28 a.m., July 15: Adam Flatto’s Georgetown Company and a Bill Ackman-controlled investment fund closed on a commercial building at 787 11th Avenue on the Far West Side that they partnered to buy for roughly $250 million. [more]

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  • Alexandria

    The Alexandria Center for Life Science in Kips Bay (inset: CBRE’s John Isaacs)

    Nestle Skin Health inked a 16-year lease for 30,400 square feet at the Alexandria Center for Life Science in Kips Bay. [more]

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  • The 10 most expensive office markets in the world by occupancy cost (credit: CBRE Research)

    While maintaining its position as the most expensive office market in the Americas, Midtown Manhattan ranks as the 10th most expensive such market in the world, according to CBRE’s latest survey. [more]

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  • Joseph Sitt and 129 Fifth Avenue in the Flatiron District

    Joseph Sitt and 129 Fifth Avenue in the Flatiron District

    In a move seemingly antithetical to its mission, link-shortening company Bitly is expanding to a new space at Thor Equities’ 139 Fifth Avenue in the Flatiron District.

    Bitly signed on for 11,000 square feet on the top two floors of the building. CBRE’s David Kleinhandler and Michael Politi represented them, while a Cushman & Wakefield team of John Fitzsimmons, Ethan Silverstein and Mark Mandell represented Thor Equities. [more]

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  • JasonPizerDarcyStacom

    From left: Jason Pizer, 1 Hudson Square and Darcy Stacom

    Trinity Real Estate is rethinking its plans to ground lease four valuable Hudson Square buildings in a deal that was poised to net the church up to $1.5 billion. [more]

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  • 452 Fifth Avenue

    From left: Eli Elefant, 452 Fifth Avenue in Midtown and William Shanahan

    Property & Building Corporation, a subsidiary of Tel Aviv-based investment giant IDB group, insists it has “no intention” of selling its core New York asset, the HSBC Tower at 452 Fifth Avenue, despite CBRE’s William Shanahan suggesting that not doing so could prove an “unsuccessful gamble.” [more]

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  • Tower 45 NYC

    From left: 120 West 45th Street in Midtown, Marc Holliday (credit: Steve Friedman) and Richard Baxter

    Hot on the heels of a $2.6 billion deal to acquire 11 Madison Avenue, SL Green Realty is looking to sell Tower 45, a Midtown office building at 120 West 45th Street, The Real Deal has learned. The real estate investment trust hopes to fetch north of $350 million for the 40-story tower, sources said. [more]

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  • Number-of-H-1B-applications-by-company-JLL-CBRE-C-W-DTZ-Colliers-Newmark-Studley_chartbuilder

    Commercial real estate brokerages like to disclose a lot of things: their biggest deals, their newest hires and photos from their posh events. One thing they always stay mum about is the wages they pay their employees. But thanks to a new tool for looking at federal immigration data, that veil of secrecy is showing some holes. [more]

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  • Elliman magazine

    The spring/summer cover of “Elliman,” featuring Naomi Campbell

    A new trend is surfacing in the real estate world, and it’s got little to do with bricks and mortar. [more]

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  • Alexis Bittar NYC Office

    From left: Alexis Bittar and a rendering of Dumbo Heights (inset: Freddie Fackelmayer)

    High-end jewelry retailer Alexis Bittar is moving its office headquarters to the Dumbo Heights campus, The Real Deal has learned. [more]

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  • Herald Square

    Herald Square

    Five of Manhattan’s hottest retail corridors saw asking rents get double-digit percentage increases year-over-year, with two of them rising over 20 percent, according to CBRE’s retail report for the first quarter of 2015. [more]

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  • From left: 95 Morton Street in the West Village and PayPal's chief executive officer Dan Schulman

    From left: 95 Morton Street in the West Village and PayPal’s chief executive officer Dan Schulman

    PayPal is about the pay up.  [more]

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  • Petersfield

    301 East 21st Street in Gramercy Park (inset: Kunal Chothani)

    In its third and largest New York City buy yet, Akelius Real Estate Management paid $167.5 million for the Petersfield, a 17-story rental building in the Gramercy Park neighborhood, The Real Deal has learned. [more]

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  • Commercial firms embrace Instagram

    May 04, 2015 02:00PM
    (credit: CBRE Group and JLL)

    (credit: CBRE Group and JLL)

    Residential brokerages awakened to the benefits of Instagram ages ago. But recently, commercial firms have begun harnessing the power of snapshots to promote their brands, too. CBRE Group, JLL and Cushman & Wakefield have all increasingly been using the photo-sharing platform. [more]

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  • 511 Barry Street in Hunts Point (credit: CoStar), Timothy Sheehan (inset) and Barry Cohorsky (inset)

    From left: 511 Barry Street in Hunts Point (credit: CoStar) (inset: Timothy Sheehan and Barry Cohorsky)

    UPDATED, 10:06 a.m., May 1: Food delivery service Plated has taken 84,000-square-feet of industrial space in the Hunts Point neighborhood in the Bronx. [more]

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  • Qiongjiu Guo, Carl Shorett, Darcy Stacom and Bill Shanahan

    Qiongjiu Guo, Carl Shorett, Darcy Stacom and Bill Shanahan

    CBRE’s Darcy Stacom and Bill Shanahan two-stepped their way to the industry’s top honor for dealmakers last evening as they took home the first-place prize in the Real Estate Board of New York’s annual Ingenious Deal awards. [more]

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  • SL Green signs on Bloomberg, WeWork

    April 22, 2015 05:40PM
    SL Green

    From left: Steven Durels, Michael Bloomberg and WeWork’s Miguel McKelvey and Adam Neumann

    SL Green Realty has signed Bloomberg and WeWork to two long-term Midtown office leases covering more than 390,000 square feet, the real estate investment trust announced today. [more]

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