The Real Deal New York

Posts Tagged ‘glen weiss’

  • From left: Glen Weiss and 90 Park Avenue

    From left: Glen Weiss and 90 Park Avenue

    Financial data company FactSet Research has renewed its lease and expanded its 90 Park Avenue spread by 40,000 square feet.

    The 15-year lease extension with landlord Vornado Realty Trust gives the firm a total of 160,000 square feet on the seventh, 10th and 11th floors of the 41-story building.

    Previously, the company’s space was scattered throughout the structure, according to Crain’s. [more]

  • Retail conglomerate Limited Brands has inked a deal for almost 100,000 square feet of office space at 1740 Broadway, at 56th Street, the New York Observer reported.

    The company, which owns retailers such as Victoria’s Secret and Bath and Body Works, has signed for floors 14 through 17 in a 10-year lease, engineered to coincide with the expiration of their other space in the Vornado-owned building, where they currently lease approximately another 400,000 square feet.

    Sources told the Observer that the rent was in the $60s per square foot. … [more]

  • alternate textREBNY meeting

    Tenants who want to sublease their unused office space need to offer
    the best portions of their locations, not secondary or worn-out
    corners, if they expect to see it leased in today’s competitive market,
    a top leasing broker said. The broker, Peter Turchin, a senior vice president at full-service brokerage CB Richard Ellis, said he was telling clients that subleasing
    support space on floors without conference rooms or reception areas was
    nearly impossible. “You are going to have to compete with that better-built space that is
    out there. Be prepared to give up the best part of your space for the
    longest term,” he said. Turchin gave the sobering report at a panel hosted by the Real Estate Board of New York in their Midtown offices last night. … [more]