The Real Deal New York

Posts Tagged ‘CBRE’

  • 11-times-square

    11 Times Square and Steven Pozycki (credit: STUDIO SCRIVO)

    SJP Properties’ Steven Pozycki and a group of investors are selling a minority stake in 11 Times Square, the 1.1 million-square-foot skyscraper where Microsoft has offices. [more]

  • From left: a Hugo Boss ad, 55 Water Street and the Starrett-Lehigh Building

    From left: a Hugo Boss model, 55 Water Street and the Starrett-Lehigh Building

    Hugo Boss is moving its North American headquarters to the Financial District. Its new 73,690-square-foot space at 55 Water Street will include the entire 48th floor as well as nearly 5,000 square feet of sublevel space, according to CBRE. The fashion giant’s offices are currently at RXR Realty’s Starrett-Lehigh Building at 601 West 26th Street.  [more]

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  • Massey Knakal sale faces headwinds

    November 11, 2014 03:45PM

    From left: Robert Knakal and Paul Massey

    The potential sale of Massey Knakal Realty Services — New York City’s most active investment sales firm — is the talk of the local industry, with insiders weighing the pros and cons of either a full or partial sale. The catch, however, is that there are major impediments to a large firm buying a full or even minority stake in the firm, insiders said. And that could reduce the company’s sale price to an private investor. [more]

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  • 1133-deal

    From left: 1133 Sixth Avenue in Midtown, Thomas Bow and Bank of America

    Bank of America is in late-stage negotiations to lease up to 150,000 square feet at the Durst Organization’s 45-story Midtown office tower at 1133 Sixth Avenue, The Real Deal has learned. [more]

  • From left: Blackstone's Jonathan Gray, Vornado's Steven Roth, and 1740 Broadway

    From left: Blackstone’s Jonathan Gray, Vornado’s Steven Roth, and 1740 Broadway

    Private equity giant Blackstone Group is the buyer of Vornado Realty Trust’s 1740 Broadway, The Real Deal has learned. Sources familiar with the $605 million transaction said that Blackstone made the buy through its core-plus real estate fund. [more]

  • dtz

    From left: Peter Hennessy, David Gialanella, Timothy King and DTZ office at 1271 Sixth Avenue in Midtown

    Private-equity firm TPG Capital is set to close on the $1.1 billion acquisition of global brokerage DTZ today, a move insiders said will send major ripples through Manhattan’s commercial market. [more]

  • Goldberg-Breslin-200-Mathrani

    From left: Andrew Goldberg, Patrick Breslin, 200 Lafayette Street and Sandeep Mathrani

    The San Diego-based luxury home decor chain Pirch is in late-stage negotiations to take more than 30,000 square feet at General Growth Properties’ 200 Lafayette Street in Soho, several industry sources said. If the deal closes, Pirch will have its first store on the East Coast and GGP will have a tenant to replace space that J.C. Penney once planned to occupy. [more]

  • Sulentic-Alterman-Bell-RKF

    From left: Bob Sulentic, Gary Alterman, Karen Bellantoni and Robert Futterman

    The global commercial brokerage CBRE is in advanced discussions to acquire RKF, a Midtown-based retail brokerage that is consistently ranked by The Real Deal as one of the city’s most active, several sources said. [more]

  • Peter

    CBRE’s Peter Turchin and Lower Manhattan

    Downtown appears to be shaking its third-wheel status as Manhattan’s weakest submarket for office leasing.

    According to a CBRE report, asking rents there have risen 8 percent since the beginning of 2014, surpassing gains in Midtown and the increasingly tech-friendly Midtown South. Rents continue to rise despite large chunks of space from the World Trade Center site and Brookfield Place entering the market. [more]

  • From left: The former structure at 625 Fulton Street (via PropertyShark) and MaryAnne Gilmartin of Forest City Ratner

    From left: The former structure at 625 Fulton Street (via PropertyShark) and MaryAnne Gilmartin of Forest City Ratner

    Forest City Ratner is at a fork in the road with respect to its development site at 625 Fulton Street. Either the firm will sell the plot, which is asking $185 million, or it will find a development partner to construct a residential tower. [more]

  • 767 Fifth Avenue

    767 Fifth Avenue

    International law firm Weil, Gotshal & Manges inked a 15-year extension on its 400,000-square-foot lease in the General Motors Building.

    The spread at Boston Properties’ 767 Fifth Avenue occupies floors 23 to 32 as well as space on the sixth. The extension of the lease is to begin in 2019. “The General Motors Building has been our home since the building opened in 1968,” Barry Wolf, a Weil executive partner, said in a release. [more]

  • 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]

  • 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]

  • 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]

  • 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]

  • 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]

  • 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]

  • 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]

  • 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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