The Real Deal New York

Posts Tagged ‘CBRE’

  • 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]

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  • 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]

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  • 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]

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  • 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]

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  • From left: 677 Fifth Avenue and Microsoft CEO Satya Nadella

    From left: 677 Fifth Avenue and Microsoft CEO Satya Nadella

    UPDATED, 9:25 a.m., Dec. 23: Microsoft’s retail lease taking several floors at 677 Fifth Avenue was the most expensive store deal signed in 2014, ranked by estimated annual rent, a survey by The Real Deal found.

    The computer hardware and software firm is paying an estimated $17 million at 677 Fifth Avenue, a seven-story building located between 53rd and 54th, owned by Kingsville Investments, several sources said. [more]

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  • 4-e-34

    From left: 4 East 34th Street, David Eyzenberg and Jon Epstein

    Leo Tsimmer’s Caerus Group just inked a contract to buy the six-story Zionist Organization of America building at 4 East 34th Street, The Real Deal has learned. Tsimmer, who was active in the prior real estate boom as a developer of projects such as Highline 519 in Chelsea, is expected to close on the sale of the building and additional development rights for between $70 million and $80 million, according to insiders. [more]

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  • Clockwise from top: Matthew Moinian, Rob Sorin, Joseph Moinian, Nazee Moinian, Jonathan Mechanic and Morad Ghadamian; Bradley Gerla and Mitchell Arkin; and Joseph Moinian, Natasha Vardi and Luis Ortiz

    Clockwise from top: Matthew Moinian, Rob Sorin, Joseph Moinian, Nazee Moinian, Jonathan Mechanic and Morad Ghadamian; Joseph Moinian, Natasha Vardi and Luis Ortiz; and Bradley Gerla and Mitchell Arkin

    After the decadent late-night scenes at Town Residential and Madison Realty Capital’s holiday fetes, it was, well, refreshing to attend a more traditional affair: the Moinian Group’s evening cocktails at 635 West 42nd Street last week.

    Click here for the full story and photos.

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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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  • CBRE veteran Eric Yarbro jumps to Colliers

    December 16, 2014 01:40PM
    colliers

    From left: Eric Yarbro and Michael Cohen

    Long-time CBRE senior vice president Eric Yarbro has joined Colliers International as executive managing director.

    Yarbro spent 27 years at CBRE, arranging more than $500 million in real estate transactions and representing clients such as General Motors, AOL, Eastman Kodak, Prudential Financial, Fifth Third Bank and Western Union. In his new role at Colliers, Yarbro will focus on representing, among others, institutional owners, corporations, landlords and developers. [more]

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  • Hulu streams into Flatiron District

    December 08, 2014 02:25PM
    Hulu CEO Mike Hopkins and 79 Fifth Avenue

    Hulu CEO Mike Hopkins and 79 Fifth Avenue

    On-demand video streaming service Hulu is taking new digs in the Flatiron District, The Real Deal has learned. Hulu signed a lease for more than 20,000 square feet at 79 Fifth Avenue, a 273,000-square-foot property located between 15th and 16th streets. [more]

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  • 315

    315 Hudson Street in Hudon Square and Sacha Zarba

    Digital advertising specialist Intent Media grabbed roughly 35,000 square feet at Jack Resnick & Sons’ 315 Hudson Street. With the new tenant, the Hudson Square office property is fully leased. [more]

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  • From left: Ziel Feldman, 518 West 18th Street and Darcy Stacom

    Updated 5:34, Nov. 26: Ziel Feldman’s HFZ Capital Group is in contract to buy one of the most sought-after development sites in West Chelsea, The Real Deal has learned. Feldman is buying the parcel for more than $800 million, making it one of the priciest-ever development deals in the city. [more]

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  • 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]

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  • 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
    BobKnakalPaulMassey

    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]

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  • 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]

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  • 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]

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  • 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]

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