The Real Deal New York

Posts Tagged ‘collier’s international’

  • P.C. Richard to open 20K sf Harlem store

    November 24, 2015 10:41AM
    309 West 125th Street

    309 West 125th Street in Harlem

    Just weeks after the city announced plans to redevelop the land below P.C. Richard’s Union Square store, the company signed a lease for a new 20,000-square-foot space in Harlem.

    The electronics and appliance retail chain, with 20 stores in New York City, will open its new store at 309 West 125th Street, in the first quarter of 2016. [more]

  • WeWork takes 110K sf on Park Avenue

    November 03, 2015 03:00PM
    WeWork's Miguel McKelvey and Adam Neumann and 300 Park Avenue

    WeWork’s Miguel McKelvey and Adam Neumann and 300 Park Avenue

    Now that WeWork is worth $10 billion, the company is going all suit and tie. The shared-office provider signed a sublease for 110,000 square feet at Tishman Speyer’s Colgate Building at 300 Park Avenue in Midtown. [more]

  • Joe Fresh NYC

    From left: 1049-1059 Madison Avenue, also known as 45 East 80th Street, on the Upper East Side and Joe Fresh storefront (inset: James Murphy)

    Ralph Sitt’s Status Capital bought a retail condominium unit at the base of a 27-story residential condo building on the Upper East Side for $48 million. [more]

  • Movers and shakers

    September 29, 2015 03:35PM
    David Bensoussan and John Pavone

    Front left: David Bensoussan and John Pavone

    From the September issue: David Bensoussan will head Eastern Union Funding’s capital markets division, headquartered at 641 Lexington Avenue, the Brooklyn mortgage brokerage’s first office in Manhattan. Long established on Wall Street, Bensoussan has closed over $1 billion in commercial real estate debt. He will keep his role as director of real estate acquisitions at Acaciawood Consulting. Prior to Acaciawood, he founded Arcadian Asset Management, and was a senior vice president at GF Financial.[more]

  • 3 Park Avenue in Midtown

    3 Park Avenue in Midtown

    UPDATED, 12:21 p.m., July 31: Houghton Mifflin Harcourt inked a lease to take 55,000 additional square feet in Cohen Brothers Realty Corporation’s 3 Park Avenue with plans to relocate its New York City offices there.

    The 12-year lease is for the 21st and 24th floors, in addition to part of the 18th floor. Asking rent was $63 per square foot, the New York Observer reported. [more]

  • Jim Coleman

    Jim Coleman

    In the niche of the commercial real estate world that focuses on representing tenants and end users, the recent wave of consolidations at large brokerages is causing concern that the negotiating table is tipped further in favor of landlords and sellers.

    In a little over a year, Savills, DTZ and Colliers have acquired or been in talks to buy Studley, Cushman & Wakefield and RKF, respectively. That’s on top of consolidations in earlier cycles producing behemoths like CBRE, Newmark Grubb Knight Frank and JLL. [more]

  • From left: Doug Frye and Jay Hennick

    From left: Doug Frye and Jay Hennick

    Doug Frye, the former chief executive officer and president of commercial brokerage Colliers International, resigned from his post, according to a press release issued by the company Wednesday.

    Several weeks ago, Colliers announced it would be spun off from parent company FirstService Corp. [more]

  • From left: Michael Cohen and Robert K. Futterman (Credit: Michael Toolan)

    From left: Michael Cohen and Robert K. Futterman (Credit: Michael Toolan)

    Colliers International is expected to acquire Robert K. Futterman’s Midtown-based retail brokerage RKF, The Real Deal has learned. The transaction would give Colliers a major retail presence in New York City and continues the commercial industry’s trend toward consolidation.  [more]

  • Craig Robinson Jr.

    Craig Robinson Jr.

    Since starting his job as the president of Colliers International’s U.S. operations, Craig Robinson Jr. has made some changes to try to curtail infighting in the company. Robinson has started new programs and has added financial incentives to improve coöperation, the Wall Street Journal reported.

    “We are removing the friction,” Robinson told the newspaper. “These aren’t simply aspirations. We’re investing in and organizing our business accordingly.” [more]

  • Colliers Office Leasing 1Q15

    Manhattan office leasing activity (credit: Colliers International)

    Average asking rents in the Manhattan office market jumped 6.3 percent year-over-year to $67.62 per square foot, while the availability rate fell to 10.7 percent, according to new research from commercial brokerage Colliers International. [more]

  • William Cohen Sven Sykes

    From left: Newmark Grubb Knight Frank’s William Cohen and Colliers International’s Sven Sykes

    Infrastructure consulting firm HNTB Corporation will move into the Empire State Building before the end of the year.

    The company, now located at 5 Penn Plaza, inked a 78,000-square-foot lease for 10 years and five months, according to the New York Observer. HNTB will occupy three floors — the 56th through the 58th — in the iconic tower. [more]

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  • Suzy Reingold lands at Colliers

    February 11, 2015 03:15PM
    Suzy Reingold and Joseph Harbert

    Suzy Reingold and Joseph Harbert

    Suzy Reingold, who left her position as chief operating officer of Cushman & Wakefield’s tri-state region amid accusations of age and gender discrimination, has secured a new position at rival commercial brokerage Colliers International.

    Colliers’ Eastern Region president Joseph Harbert confirmed to the New York Observer that Reingold will be consulting on the firm’s educational programs. [more]

  • From left: Doug Frye and Jay Hennick

    From left: Doug Frye and Jay Hennick

    Colliers International is planning to break free from its Canadian parent company FirstService Corp.

    The Seattle-based commercial brokerage is looking to focus on acquisitions and expansion in the commercial property market, Bloomberg reported. The firm, which is a publicly traded company, will change its name to Colliers International Group. [more]

  • From left: 28-40 West 23rd Street and Estée Lauder

    From left: 28-40 West 23rd Street and Estée Lauder

    Estée Lauder has inked a lease for an additional 100,000 square feet at 28-40 West 23rd Street. [more]

  • From left: Kimberly Brennan and Joseph Harbert

    UPDATED, Feb. 9, 4:56 p.m.: Colliers International hired Kimberly Brennan, a former Cushman & Wakefield executive, as its chief operating officer for the New York and Tri-State regions, the brokerage announced today.

    Brennan previously served as market leader for Cushman & Wakefield’s New Jersey region, and was a top-ranking female commercial real estate executive in New Jersey. In her new role, she will be responsible for profit and loss, business development, expanding market share and providing strategic direction to the New York, New Jersey and Connecticut offices. [more]

  • Melissa Lee and Tamir Shamesh (via CNBC)

    Melissa Lee and Tamir Shemesh (via CNBC)

    Russian investors are among the big-pocketed foreigners flocking to the New York City real estate market. Donald Lutt of Colliers International and Tamir Shemesh of the Corcoran Group told CNBC that the city is the safest place for foreigners’ investments. [more]

  • CBRE veteran Eric Yarbro jumps to Colliers

    December 16, 2014 01:40PM

    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]

  • 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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  • 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]

  • The MTA renews at 469 Seventh Avenue

    August 27, 2014 01:20PM

    From left: 469 Seventh Avenue, Eric Meyer and Marty Meyer

    The Metropolitan Transportation Authority is staying put at 469 Seventh Avenue, near West 36th Street. [more]