The Real Deal New York

Posts Tagged ‘Cushman & Wakefield’

  • Harlem development

    From left: Seth Pinsky, rendering of 426-458 West 126th Street in Harlem and Robert Shapiro

    Emerging markets like Northern Manhattan are offering real estate investors “huge potential for growth,” though such growth is dependent on continued investments in transportation and infrastructure, market players said at a Midtown panel discussion Thursday. [more]

  • Foot Locker

    112 West 34th Street and Anthony Malkin

    Empire State Realty Trust signed Foot Locker to a 34,200-square-foot lease to retain the apparel retailer’s flagship location at 112 West 34th Street in Midtown, the real estate investment trust announced Wednesday. [more]

  • Meridian-Capital-RE

    From left: Ralph Herzka, Bob Knakal, J.D. Parker and Stephen Shapiro

    Eat. Sleep. Close. Repeat.

    Meridian Capital Group’s mantra, apt for what sources say is one of the most intense companies a broker can work in, has served it well in the mortgage business. But could Meridian bring the same pizzazz to the investment sales space? [more]

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  • Renderings of 414 West 15th Street in the Meatpacking District (credit: CetraRuddy)

    Cushman & Wakefield buys Chicago commercial firm. Real Housewife Bethenny Frankel picks up $4.2 million Soho pad. A peek at Legacy Group’s Meatpacking District hotel project. Read these stories and more after the jump.

  • Walgreens 520 Atlantic

    From left: 520-528 Atlantic Avenue in Boerum Hill, Stephen Palmese and Beyer Blinder Belle’s Carlos Cardoso

    Developer Jeffrey Gershon and partner AEW Capital Management are planning a $90 million condominium project on the site of a former Walgreens in Boerum Hill, The Real Deal has learned. [more]

  • DTZ looks to bid $2B for Cushman

    April 20, 2015 05:40PM
    From left: Brett White, an old Cushman & Wakefield office in New York and Cushman’s Edward Forst

    From left: Brett White, an old Cushman & Wakefield office in New York and Cushman’s Edward Forst

    DTZ Group, London-based commercial real estate brokerage, is seeking support for a $2 billion bid to acquire rival firm Cushman & Wakefield. [more]

  • 590 Madison Avenue

    590 Madison Avenue in Midtown

    The pension fund that owns 590 Madison Avenue – the Plaza District office tower that house financial services firms UBS, Morgan Stanley and Bain Capital – is seeking a loan valued at up to $650 million.

    The State Teachers Retirement System of Ohio has retained a Cushman & Wakefield team of Steve Kohn, Alex Hernandez, Chris Moyer and Alex Lapidus to source the funds, which could be one of the largest loans to close this year. The pension fund put a stake in the 42-story tower on the market last October, when the building was valued at $1.5 billion. [more]

  • Madison Capital Scholastic

    From left: 549-555 and 557-559 Broadway in Soho, Helen Hwang and Richard Wagman (credit: Bisnow)

    Madison Capital won a bid to acquire a retail space spanning at least 32,000 square feet at the base of Scholastic’s corporate headquarters at 549-555 and 557-559 Broadway in Soho for $400 million, The Real Deal has learned. [more]

  • Manhattan West

    Renderings of 1 Manhattan West

    Brookfield Property Partners signed law firm Skadden, Arps, Slate, Meagher & Flom to a 20-year lease for 550,000 square feet at Brookfield’s 1 Manhattan West, allowing the real estate investment trust to kick off construction on the 2.1 million-square-foot office tower.

    The law firm will take the 28th to 43rd floors of the tower, one of two planned commercial buildings at Brookfield’s 7 million-square-foot Manhattan West project, Brookfield announced today. [more]

  • Bob Knakal and 3 Bryant Park at 1095 Sixth Avenue

    Bob Knakal and 3 Bryant Park at 1095 Sixth Avenue

    Investment sales transactions in New York City hit a record $20.8 billion in the first quarter of 2015, Cushman & Wakefield said in its quarterly capital markets overview Tuesday. [more]

  • Jeff Greene

    Jeff Greene and a rendering of 62 Wooster Street

    South Florida billionaire Jeff Greene is asking $125 million for a seven-unit Soho building he bought for $26.3 million four years ago.

    Greene purchased the property at 62 Wooster Street in 2011, subsequently converting the commercial building into seven high-end condos and two retail spaces. [more]

  • From left: Aby Rosen, 85 Fifth Avenue and Jeff Sutton

    From left: Aby Rosen, 85 Fifth Avenue and Jeff Sutton

    Aby Rosen’s RFR Realty has closed on the sale of an $86 million retail space on lower Fifth Avenue to Jeff Sutton’s Wharton Properties. [more]

  • Markit NYC Office

    From left: Rendering of 450 West 33rd Street, Markit CEO Lance Uggla, Josh Kuriloff and Jeffrey Peck

    Markit, a London-based global financial data provider, is consolidating its New York City offices into a 140,000-square-foot space at Brookfield Property Partners’ 5 Manhattan West, The Real Deal has learned. [more]

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  • knakal-massey-FBox

    From left: Bob Knakal and Paul Massey

    Cushman & Wakefield’s acquisition of Massey Knakal Realty Services for a reported $100 million was the talk of the town at the end of last year. Now, nearly three months into the marriage, some of the consolidated firm’s leaders – Ron LoRusso, Bob Knakal and Paul Massey – discussed the changes at Cushman and the challenges of coming together. See the full video, complete with classic Powerpoint corporate graphics, after the jump.

  • Fosun International NYC

    From left: Guo Guangchang, an old Cushman & Wakefield office in New York, Cushman’s Edward Forst

    Guo Guangchang’s Fosun International is interested in buying Cushman & Wakefield, the global commercial brokerage powerhouse. [more]

  • Newcastle Realty Services

    From left: 4101 and 4113 Broadway in Washington Heights, Margaret Streicker Porres and Neil Rubler

    Margaret Streicker Porres’ Newcastle Realty Services picked up a pair of Washington Heights rental properties from Neil Rubler’s Candlebrook Properties for a total of $42 million, according to property records filed with the city today. [more]

  • From left: Cushman's Edward Forst and Exor's John Elkann

    From left: Cushman’s Edward Forst and Exor’s John Elkann

    While the timing might be right to sell Cushman & Wakefield, the number of potential buyers is limited, according to analysts.

    The Agnelli family’s Exor SpA is selling the real estate services firm, which could fetch as much as $2 billion. It’s a good time to sell businesses that make money through real estate services, because their values are high and the economy is recovering, analysts told the Wall Street Journal. [more]

  • Agnelli family to sell Cushman & Wakefield

    February 25, 2015 08:05AM
    From left: Cushman & Wakefield office, Edward Frost and John Ellkann

    From left: An old Cushman & Wakefield office in New York, Edward Forst and John Elkann

    Cushman & Wakefield is going up for sale and could fetch as much as $2 billion. [more]

  • From left: 123 Washington Street and Joe Moinian

    From left: 123 Washington Street and Joseph Moinian

    UPDATED, 5:26 p.m., Feb. 24: A mixed-use Lower Manhattan tower with a checkered history is looking to sell four floors of residential units currently in use as extended-stay hotel apartments.

    The Moinian Group has put on the market a block of 32 units spanning a little over 19,000 square feet at the W Hotel & Residences, the mixed-use glassy tower at 123 Washington Street that chewed through at least four different sales teams before setting a condo price record for the Financial District. [more]

  • 875-third-lease

    875 Third Avenue in Midtown and Paul Glickman

    The JPB Foundation, a grant-making nonprofit, inked a 15-year lease for the 30,000-square-feet penthouse office space at Eastgate Realty’s 29-story Midtown building at 875 Third Avenue.

    Asking rent at the 720,000-square-foot building, between East 52nd and 53rd streets, was $86 per square foot. JLL’s Paul Glickman and Diana Biasotti represented Eastgate Realty, while Cushman & Wakefield’s David Rosenbloom and Emily Weber represented the tenant. [more]