The Real Deal New York

Posts Tagged ‘Cushman & Wakefield’

  • 1221

    Ed Guiltinan and 1221 Sixth Avenue in Midtown

    MUFG Union Bank, a subsidiary of the Japanese Tokyo-Mitsubishi Bank, signed one of the biggest new office leases of the year. The firm is taking 209,700 square feet on the bottom three floors of the Rockefeller Group’s McGraw-Hill Building in Midtown.

    In July, the Japanese Tokyo-Mitsubishi Bank was in talks to take a larger space – 303,000 square feet – at the base of the building at 1221 Sixth Avenue, as previously reported. [more]

  • cushman

    Laura Pomerantz and Edward Forst

    Laura Pomerantz, founder of the tenant-focused commercial and investment firm brokerage Laura Pomerantz Real Estate, has joined Cushman & Wakefield as a vice chair and head of strategic accounts, according to a spokesperson for Cushman.

    Pomerantz will head up the strategic accounts department at Cushman. She was a founding partner of boutique commercial brokerage PBS Real Estate before starting a namesake firm last year. PBS Real Estate merged with ABS Partners Real Estate around the time of her departure, as The Real Deal reported. [more]

  • bo-retail-opportunities-pabt-2

    From left: retail spaces at the Port Authority Bus Terminal and Journal Square PATH station

    Cushman & Wakefield is poised to land a contract to broker up to 230,000 square feet of retail space at Port Authority transit hubs in the city and across the Hudson River, agency documents show. [more]

  • Cushman leases space at 1WTC

    September 04, 2014 01:40PM

    1 World Trade Center and Ron Lo Russo

    Commercial real estate brokerage Cushman & Wakefield, which has been handling leasing for 1 World Trade Center, signed a 10-year deal to occupy its own space there.

    Cushman grabbed 10,222 square feet on the 45th floor at the 3 million-square-foot property. Asking rent was $69 per square foot. Legends Hospitality Group, a sports-venue management firm that developed the observation deck at the property, is also set to take office space on the 45th floor, Crain’s reported. [more]

  • 508 West 20th Street

    From pushing luxe pads to moving lavish mosaics, the High Line-adjacent sales office Sherwood Equities built for its nearly sold-out West Chelsea development is getting a second life. Indeed, the haute-Italian tiler Bisazza will soon call the glassy showroom home.

    The designer of opulent glass mosaics used in bathrooms and swimming pools has signed a 10-year lease to move its New York showroom to 508 West 20th Street, where Sherwood built a 3,850-square-foot sales center for its condo development across the street at 500 West 21st Street. [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]

  • 635

    635 Sixth Avenue and Stephen Durels

    SL Green’s 635-641 Sixth Avenue is now fully leased after a software firm signed for the duplex penthouse at the two-building complex.

    Infor, a privately held firm focused on enterprise software, upped its space at the building by 21,800 square feet and now occupies 115,000 square feet. SL Green paid $173 million, or $648 per square foot, for the properties in 2012 and is in the process of combining them. [more]

  • sl-green

    Howard Tenenbaum and 110 East 42nd Street

    The Princeton Review and three other tenants grabbed a total of more than 48,000 square feet at SL Green’s 18-story office building at 110 East 42nd Street in a recent batch of lease deals.

    Massachusetts-based test-prep company the Princeton Review signed for nearly 21,000 square feet on the seventh floor. British environmental consulting firm SLR Acquisition expanded its eighth-floor space to 17,900 square feet from 11,300. Philadelphia-based law firm Morgan Lewis & Brockius LLP took a five-year renewal of 14,370 square feet on the ninth floor. And the Metro North Commuter Railroad Company signed a new lease for 1,840 square feet in the building near Grand Central Terminal. [more]

  • From left: 180 Broadway, 2 Herald Square and 985-987 Third Avenue

    From left: 180 Broadway, 2 Herald Square and 985-987 Third Avenue

    SL Green Realty announced the sales of three Manhattan properties in separate transactions that will generate $240 million in net cash proceeds for the real estate investment trust. [more]

  • Scott Panzer

    JLL’s Scott Panzer

    Scott Panzer, a JLL broker who consistently does some of the city’s biggest leasing deals, has re-signed with his current firm after considering offers from competitors including Cushman & Wakefield, sources told The Real Deal. The agreement came as Panzer’s previous contract with JLL was expiring.

    Panzer, a vice chairman with JLL and a 27-year industry veteran, has represented some of the city’s top landlords — including the famously cantankerous Sheldon Solow — as well as giant tenants such as the advertising firm Interpublic Group and media behemoth NBCUniversal. [more]

  • gluck

    From left: One Soho Square renderings (Neoscape, Inc.), Laurence Gluck and Josh Kuriloff

    Cosmetics brand Aveda, an affiliate of Estée Lauder, inked a lease to expand at 233 Spring Street, an office building that’s part of Stellar Management’s One Soho Square project. [more]

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  • Mosler-Chart-2

    Manhattan office inventory chart (Source: Cushman & Wakefield) and Bruce Mosler

    The total square footage of the Manhattan office market, which has been stable at just over 390 million since 1990, will see a net increase of 20 million square feet by 2020, reaching a new record high of 414 million square feet, according to figures released today at Cushman & Wakefield’s semi-annual market briefing. [more]

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  • Baxter-Farley-Shapiro-Knakal

    From left: Richard Baxter, James A. Farley post office (Credit: Google), Robert Shapiro and Robert Knakal

    New York State’s business promotion corporation, Empire State Development, picked the investment brokerage firm Massey Knakal Realty Services to sell the 1.5 million square feet of air rights above Moynihan Station in Midtown. [more]

  • citigroup

    Rendering of Hong Kong site and Citigroup’s Stephen Bird

    Midtown East-based bank Citigroup set a record for the largest office-building acquisition in Hong Kong yesterday with the $697 million purchase of a 512,000-square-foot tower.

    The global bank plans to relocate 5,000 of its Hong Kong employees to the building, which was previously owned by an affiliate of financial real estate firm Wheelock and Company. [more]

  • SL Green's leasing director Steve Durels and 16 East 34th Street (Credit: CoStar Group)

    SL Green’s leasing director Steve Durels and 16 East 34th Street (Credit: CoStar Group)

    Cushman & Wakefield is taking over leasing efforts from SL Green Realty at 16 East 34th Street, The Real Deal has learned. The 22-story, 336,500-square-foot office building is located between Madison and Fifth Avenues, and is home to Cornell University’s school of industrial relations.

    Cushman’s Joshua Goldman is transitioning into the new assignment on behalf of the landlord, Wohio Holding, according to multiple sources familiar with the deal. [more]

  • studio-square

    35-37 36th Street in Astoria

    Emmes Asset Management paid $30 million for a six-story former warehouse in Astoria that houses the beer garden Studio Square, the Midtown-based firm told The Real Deal. [more]

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  • Cushman & Wakefield C&W TechBeat resource

    Cushman & Wakefield C&W TechBeat resource

    Cushman & Wakefield launched a new online tool today designed to help tech startups navigate the New York City office rental market. The website, C&W TechBeat, will offer data and statistics to help fledgling companies choose office space that aligns with budgets, broadband needs and growth trajectories. [more]

  • trade-desk

    From left: William Macklowe, 386 Park Avenue South and the Trade Desk

    William Macklowe Company and Principal Real Estate Investors agreed to lease more than 13,000 square feet at 386 Park Avenue South to California-based advertising technology firm the Trade Desk. [more]

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  • upper-east-side-fitness-soulcycle

    SoulCycle in Upper East Side

    Demand for gym and workout studio space in Manhattan grew last year as the number of related leases more than doubled 22 to nine the previous year, according to Cushman & Wakefield data.

    Planet Fitness, Equinox Holdings and SoulCycle were among the companies to grab space last year throughout the borough. The city’s Board of Standards and Appeals has also been granting more permits to fitness businesses. Last year, a total of 37 were approved, including 21 in Manhattan. The year before that, the city approved 24 permits for the companies. [more]

  • icsc

    From left: Robert Futterman, Patricia Garcia, David Edelstein, Simon Ziff, Laurie Golub, Gary Trock and Emanuel Stern

    New York City’s nearly 2,000-person contingent at the International Council of Shopping Center’s annual RECon conference in Las Vegas jumped from a day of pool lounging and dealmaking to party hopping last night. Click here for a slideshow and more.


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