The Real Deal New York

Posts Tagged ‘Cushman & Wakefield’

  • Brett White’s war on CBRE

    September 02, 2015 01:25PM
    brett-white_silo

    Brett White

    From the September issue: It didn’t take Brett White long. As soon as his non-compete clause expired last March, CBRE’s former CEO publicly took on his former employer about as aggressively as one could imagine.

    Within weeks of ascending to a new role as the head of the Chicago-based global real estate giant DTZ, White announced a $2 billion deal to acquire CBRE’s top New York rival, Cushman & Wakefield. The deal closed Tuesday.

    The Cushman & Wakefield head also touted his intention to put heat on his former firm and on the industry’s global No. 2, JLL.[more]

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  • DTZ, CushWake complete merger

    September 02, 2015 08:33AM
    Hennessy-Lo-Russo-White copy

    From left: Todd Lickerman and Brett White

    Four months after DTZ’s acquisition of Cushman & Wakefield was announced, the merger is complete.

    The new company, dubbed Cushman & Wakefield, operates in the top ranks of global commercial real estate, with 250 offices in 60 countries, $5 billion in annual revenue, 43,000 employees and more than 4.3 billion square feet under management worldwide. [more]

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  • 100 Luquer Street Brooklyn

    100 Luquer Street in Carroll Gardens (inset: Stephen Palmese)

    Winnie Law’s Sun Wansam Realty Corp. picked up a Carroll Gardens condo-to-rental conversion for $21.1 million, in a rare multifamily sale of an elevator building in the Brooklyn neighborhood, The Real Deal has learned. [more]

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  • "The Robyn" at 316-318 East Third Street

    “The Robyn” at 316-318 East Third Street in the East Village

    Having a living room-laden building in the East Village is a huge disadvantage, as the owners of an eight-story 33-unit rental tower are discovering.
    [more]

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  • Rendering of 1580 Nostrand Avenue in Flatbush (credit: Loadingdock5) (inset: Eli Karp)

    Rendering of 1580 Nostrand Avenue in Flatbush (credit: Loadingdock5) (inset: Eli Karp)

    Eli Karp’s Hello Living listed the site of a planned 23-story residential development at 1580 Nostrand Avenue in Flatbush for $28 million, just one year after purchasing it for $13 million. [more]

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  • asdfad

    Manhattan office asking rents from 2004 to 2015 (credit: Cushman & Wakefield)

    Manhattan office vacancy rates have dipped below 9 percent for the first time since 2009, according to commercial brokerage Cushman & Wakefield, which also found that a robust Midtown market has propelled overall asking rents to a seven-year high. [more]

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  • 253-261

    257-261 Third Avenue in Gramercy Park (inset: Kevin Maloney and Michael Namer)

    Alfa Development is in contract to buy a four-building Gramercy Park development site from Kevin Maloney’s Property Markets Group and Kasra Sanandaji’s Apex Investments for $69.6 million, The Real Deal has learned. [more]

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  • 305 McGuinness Boulevard and Brendan Maddigan

    305 McGuinness Boulevard and Brendan Maddigan

    A Greenpoint condominium-turned-rental building that flirted with a sale three years ago is back on the market, this time asking more than $32 million. [more]

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  • Alexandria

    The Alexandria Center for Life Science in Kips Bay (inset: CBRE’s John Isaacs)

    Nestle Skin Health inked a 16-year lease for 30,400 square feet at the Alexandria Center for Life Science in Kips Bay. [more]

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  • Black Mosler

    From left: Sean Black and Bruce Mosler

    JLL broker Sean Black is joining Cushman & Wakefield in a move the latter brokerage hopes will boost its business with tech and creative firms in the city’s office market, Cushman announced Wednesday.

    Black’s recent deals include leases with shared office providers WeWork and Cowork|rs, notably Cowork|rs’ deals in the Financial District for 30,000 square feet at 55 Broadway and 40,000 square feet at 60 Broad Street. He helped WeWork expand its early presence in Manhattan, handling the company’s lease at 175 Varick Street in 2011. [more]

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  • 10 East 34th Street in Midtown (inset: David Brause)

    10 East 34th Street in Midtown (inset: David Brause)

    UPDATED, 6:24 p.m., June 30: Brause Realty is placing its 10-story Midtown office building at 10 East 34th Street on the market. [more]

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  • Proposed renderings of the site (Bob Knakal, top, Kuafu chairman Zengliang Shan, bottom)

    Proposed renderings of the site at 143-161 East 60th Street (inset: Bob Knakal, top, Kuafu’s Zengliang Shan, bottom)

    Kuafu Properties is in contract to pay north of $300 million for six contiguous Upper East Side properties on a site that would accommodate a large residential development, The Real Deal has learned. [more]

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  • Joseph Sitt and 129 Fifth Avenue in the Flatiron District

    Joseph Sitt and 129 Fifth Avenue in the Flatiron District

    In a move seemingly antithetical to its mission, link-shortening company Bitly is expanding to a new space at Thor Equities’ 139 Fifth Avenue in the Flatiron District.

    Bitly signed on for 11,000 square feet on the top two floors of the building. CBRE’s David Kleinhandler and Michael Politi represented them, while a Cushman & Wakefield team of John Fitzsimmons, Ethan Silverstein and Mark Mandell represented Thor Equities. [more]

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  • 255 Greenwich Street in the Financial District

    255 Greenwich Street in the Financial District

    The Icahn School of Medicine at Mount Sinai will open a new facility in Downtown Manhattan after signing a 15-year lease at 255 Greenwich Street in the Financial District.

    The medical school plans to move into the 14,600-square-foot space by the end of the year. The 600,000-square-foot building, located between Park Place and Murray Street, will house the school’s Executive Health and Wellness Center on part of the fifth floor. [more]

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  • retail winners

    From left: Mark Kapnick, Corey Zolcinski, Matt Ogle and Pat Smith of SRS Real Estate Partners; Frank Liantonio, James Downey and Eric Le Goff of Cushman & Wakefield

    The Cushman and Wakefield brokers who spent six years working to land a tenant for the Wildenstein townhouse on the Upper East Side earned themselves an award for their efforts.

    “This transaction began as a seemingly straightforward leasing assignment. Four days later, Lehman Brothers collapsed,” Ripco Real Estate’s Andrew Mandell, chair of the Real Estate Board of New York’s retail committee, explained Tuesday evening at the trade group’s annual retail award ceremony. [more]

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  • CushWake looking for new HQ

    June 08, 2015 03:07PM
    Cushman Wakefield HQ

    From left: 1271 Sixth Avenue and 1290 Sixth Avenue in Midtown (inset: Ron Lo Russo)

    Fresh off its mega-merger with DTZ, commercial brokerage Cushman & Wakefield is on the hunt for a new 300,000-square-foot global headquarters in New York City. [more]

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  • From left: Bob Knakal and the former Subway Inn on East 60th Street

    From left: Bob Knakal and the former Subway Inn on East 60th Street

    Six low-rise buildings across the street from the iconic Bloomingdale’s flagship on the Upper East Side are on the market, and a buyer could build a supertall tower at the site.  [more]

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  • An old Cushman & Wakefield storefront

    An old Cushman & Wakefield storefront

    From the June issue: When Brett White’s DTZ completes its $2 billion acquisition of the giant global firm Cushman & Wakefield later this year, the newly combined New York office will displace CBRE as the largest commercial brokerage in the city.

    CBRE has been the recognized top firm in the city for years, both in the number of brokers and salespersons, and in revenue. [more]

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  • From left: Josh Kurlioff, Charles Borrok and Joanne Podell

    From left: Josh Kurlioff, Charles Borrok and Joanne Podell

    Cushman and Wakefield’s top dealmakers went through a lot of ink last year, trading millions of square feet of office space and, on the retail side, grabbing headlines with tenants like Nike, Ann Taylor and TD Bank. [more]

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  • Bergen Gardens multifamily complex in Brooklyn and James Nelson

    Bergen Gardens complex in Brooklyn and James Nelson

    Victor Gartenstein’s six-building Bergen Gardens multifamily complex and an adjacent commercial space in Brooklyn’s Bergen Beach neighborhood are on the market and asking $58 million.

    The portfolio features six apartment buildings – at 1061, 1073 and 1089 East 73rd Street and 1054, 1070 and 1086 Bergen Avenue – as well as a commercial retail pad site. The six walkup, garden-style buildings feature 144 residential units across roughly 168,000 square feet. [more]

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