The Real Deal New York

Posts Tagged ‘CBRE’

  • From left: Donald Lucas, Michael Mecanti and 30 Broad Street

    From left: Donald Lucas, Michael Mecanti and 30 Broad Street

    One of the country’s top patent law firms is ditching its Midtown South office digs for a 14,880-square-foot space in the New York Stock Exchange building.

    Lucas & Mercanti inked a lease for the 21st floor of 30 Broad Street for 10 years. [more]

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  • 3 East 34th Street

    3 East 34th Street

    The Zionist Organization of America has tapped commercial brokerage CBRE to market its New York City headquarters at 3 East 34th Street, The Real Deal has learned. The organization has owned the property since 1973, city records show.

    Edward Midgley, Daniel Kaplan and Michael Kadosh of CBRE are marketing the building. While an official asking price was not available, sources said the Zionist Organization wants more than $40 million for the six-story property. [more]

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  • From left: A handful of representatives of the deals nominated for the award, including Mary Ann Tighe, James Nelson, James Kuhn and Brock Emmetsberger

    From left: A handful of representatives of the deals nominated for the award, including Mary Ann Tighe, James Nelson, James Kuhn and Brock Emmetsberger

    The Real Estate Board of New York has nominated eight sales, eight leases and one financing deal for their “Most Ingenious Deal of the Year Award.” [more]

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  • Patrick Dugan

    Patrick Dugan

    Commercial real estate firm Cushman & Wakefield has poached former CBRE broker Patrick Dugan to serve as a director in the New York City office.

    Dugan will also managing the information technology team, according to a statement today from Cushman. [more]

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  • Clockwise from left: Regus CEO Mark Dixon, WeWork CEO Adam Neumann and a WeWork space at 175 Varick Street

    Clockwise from left: Regus CEO Mark Dixon, WeWork CEO Adam Neumann and a WeWork space at 175 Varick Street

    (For related story, see “Space invaders: The five biggest shared space providers in NYC)

    Late last month, shared office space provider WeWork, founded by pony-tailed Kabbalah practitioner Adam Neumann, made its second foray into Midtown South. WeWork’s 115,000-square-foot deal at 113-133 West 18th Street put it in a prime position to lure startups looking to bask in the tech-crazed aura of Twitter, which recently announced it would set up its New York headquarters just a block away at 245-249 West 17th Street. [more]

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  • Clockwise from left: Fifth Avenue, Joseph Isa and jewelry made by  Lao Feng Xiang

    Clockwise from left: Fifth Avenue, Joseph Isa and jewelry made by Lao Feng Xiang

    A Chinese jewelry conglomerate has inked a lease for its first North American outlet, fittingly along North America’s most expensive retail strip: Fifth Avenue. [more]

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  • 113-133 West 18th Street (Credit: PropertyShark) and Adam Neumann

    113-133 West 18th Street (Credit: PropertyShark) and Adam Neumann

    To better reap the rewards of Midtown South’s flourishing tech scene, Adam Neumann’s WeWork is taking about 115,000 square feet at 113-133 West 18th Street, The Real Deal has learned. The shared office specialist will set up shop about a block away from Twitter’s new headquarters. [more]

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  • commercial-loan-final

    Underwriting is reportedly approaching 2005 levels

    Commercial loan standards haven’t slipped back to 2007 levels, but worrying trends are creeping up.

    These days, borrowers are financing a smaller chunk of a property’s overall value, lessening the risk of loans, according to a CBRE study of fixed-rate senior loans across the country. [more]

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  • time-warner-cable

    From left: 43 West 23rd Street, inside Time Warner Cable Experience Store in Staten Island, and Mark Boisi

    Time Warner Cable inked a 20,000-square-foot deal to open a flagship for its interactive Experience Store at the former site of Castro Convertibles in the Flatiron District.  [more]

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  • From left: Marc Holliday (Credit: Steve Friedman), 280 Park Avenue and Steve Roth

    From left: Marc Holliday (Credit: Steve Friedman), 280 Park Avenue and Steve Roth

    Vornado Realty Trust and SL Green Realty have signed two hedge funds to their jointly-owned office building at 280 Park Avenue, The Real Deal has learned. Napier Park Global Capital, a spinoff from Citigroup, will take 25,000 square feet on the third floor of the building, while Mount Kellett Capital Management will set up right above them on the fourth floor in a deal for up to 35,000 square feet. [more]

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  • stacom

    Zhang Yuliang and Darcy Stacom

    The level of international investment in New York City commercial properties could be at its all-time peak right now, according to Darcy Stacom of commercial brokerage CBRE Group in an interview.

    Although offshore investments has never been well tracked, Stacom said, they comprise between 60 and 70 percent of the capital dollars spent on the city’s real estate. Chinese investors, for example, have been browsing the market for three years. See the video and more after the jump.

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  • Trock--Rubackin--Shepard---W-44th

    From left: Gary Trock, Lon Rubackin, Bruce Shepard and 218 West 44th Street

    The musical instrument retailer Guitar Center is moving into the former Daffy’s space in the old New York Times Building at 218 West 44th Street, sources familiar with the deal told The Real Deal. [more]

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  • apa-sports-illustrated

    135 West 50th Street, APA in Los Angeles and Freddie Fackelmayer

    The Sports Illustrated Building in Midtown West has a new tenant: the Agency for the Performing Arts, a national talent and literary agency.

    APA grabbed a 28,375-square-foot space, which it will sublet from asset management firm AllianceBernstein on the 17th floor of 135 West 50th Street. Rents are in the high $30s per square foot. CBRE broker Freddie Fackelmayer represented the tenant, while Conor Denihan, Scott Bogetti and Joe Mangiacotti – all also from CBRE – represented AllianceBernstein. [more]

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  • Mashable CEO Pete Cashmore and 114 Fifth Avenue

    Mashable CEO Pete Cashmore and 114 Fifth Avenue

    Mashable has struck a deal to move its headquarters to L&L Holding’s 114 Fifth Avenue, The Real Deal has learned. The rapidly growing digital media news and technology website had been on the prowl for a new space since at least November, and will take the entire 14th and 15th floors at the 20-story Midtown South building. [more]

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  • From left:

    Paul Nietzschmann and Andrew Goldberg

    From the January issue: In this month’s Movers and shakers feature, TRD looked at brokers and managers rapidly ascending the industry’s ranks. Andrew Goldberg of CBRE recently became the firm’s first retail broker promoted to vice chairman. Paul Nietzschmann was also hired as a senior vice president at construction and engineering giant WSP Group, where he will direct the consultancy’s bridge design practice in New York and New Jersey. Click here to see these updates and more.

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  • From left: Mark Weiss, Moshe Sukenik and 1540 Broadway

    From left: Mark Weiss, Moshe Sukenik and 1540 Broadway

    National law firm Duane Morris renewed its lease for 89,000 square feet at the Bertelsmann building at 1540 Broadway, The Real Deal has learned. [more]

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  • 11 Madison Avenue

    11 Madison Avenue

    Credit Suisse has renewed its mammoth lease at the Sapir Organization’s 11 Madison Avenue. The bank will, however, downsize from its current 1.96 million square feet to about 1.2 million square feet, paving the way for Sony to take about 520,000 square feet on the upper floors of the building.

    In a deal worth about $1.8 billion, Credit Suisse signed a 20-year deal for the space, which had asking rents of $70 per square foot. [more]

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  • Lower Manhattan office market lags: CBRE

    January 13, 2014 01:55PM
    CBRE-Asking-rent-2014

    Average asking rent in Manhattan. Source: CBRE Group

    The industry mantra has been for months now that the Downtown office market is red hot, but the latest market statistics paint a more nuanced picture. [more]

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  • investment-sales-december

    From left: 237 Park Avenue, 36 Central Park South, Richard Baxter, Scott Latham, Yoron Cohen and Jon Caplan

    Click here to see the top five investment sales recorded in December.

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  • 3-wtc

    3 WTC rendering, Lauren Crowley Corrinet and Jeremy Moss

    After more than a year of weighing a move to 3 World Trade Center, advertising and media company GroupM committed to anchoring the Silverstein Properties office tower, the developer said.

    The 20-year lease covers 516,000 square feet over the lower nine floors of the 80-story Lower Manhattan building. [more]

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