The Real Deal New York

Posts Tagged ‘CBRE’

  • 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]

  • 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]

  • 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]

  • 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]

  • 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]

  • 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]

  • 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]

  • 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]

  • 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]

  • 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]

  • 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]

  • 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]

  • OK Go in Chinese furniture commercial

    OK Go

    Essex Street Market getting outdoor seating. Four Greenpoint retail buildings hit the market. OK Go lends music video talents to Chinese furniture company. Read these stories and more after the jump.

  • From left: the lobby at 330 Hudson Street and a TED talk

    From left: the lobby at 330 Hudson Street and a TED talk

    TED Conferences are based on “ideas worth spreading.” Apparently, they’re worth spreading across 47,000 square feet. [more]

  • Mary Ann Tighe

    Mary Ann Tighe

    While parts of the commercial real estate market might be reaching a peak, there is still “room to run” for office rents, CBRE’s Mary Ann Tighe said during Bloomberg’s Market Makers.

    “Retail rents are extraordinary,” Tighe said, “and I think we’re going to see some pushback from retailers on that.” But, she added, there’s room to grow where office deals are concerned, as companies are more willing to sign large leases. [more]

  • hodos

    From left: Richard Hodos and Peter Braus of Lee & Associates

    In a nod to retail’s rising clout in the brokerage world, CBRE’s Richard Hodos has been elevated to vice chairman, making him only the second retail broker in the firm’s 100-year history to achieve the coveted rank.

    Hodos took home the Real Estate Board of New York’s  “Ingenious Retail Deal of the Year Award” for 2013 for creating a “marriage made in heaven” between Ralph Lauren and Coca Cola at the soft drink giant’s 711 Fifth Avenue. His clients over his 28-year-career include Coach, Microsoft, Tory Burch, Apple and Michael Kors.   [more]

  • 301-e-21st

    From left: 301 East 21st Street in Gramercy Park, Darcy Stacom and Paul Leibowitz

    The Tausik family is asking up to $200 million for a 17-story Gramercy Park apartment building known as the Petersfield. [more]

  • 7-penn

    7 Penn Plaza in Midtown (credit: CBRE’s Brian Gell)

    The Retail Wholesale and Department Store Union signed for 30,500 square feet across two floors at the Feil Organization’s 7 Penn Plaza. [more]

  • MAT HEDshot_02_058

    From left: Mary Ann Tighe, 850 Third Avenue and Peter Turchin

    Despite a low availability rate, Manhattan’s East Side office submarket saw asking rents drop last year while prices in surprising niche neighborhoods such as Hudson Square are booming.

    In fact, asking rents are now higher in Hudson Square, and the explanation, according to CBRE executives, is that office leasing is no longer about “location, location, location” as much as it is about product. [more]

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  • 452-fifth

    From left: 452 Fifth Avenue, Craig Reicher and Barry Lewen

    StormHarbour Partners inked a deal for 24,000 square feet on the top two floors of a 30-story Midtown office property owned by the American arm of the Property and Building Corporation. [more]