The Real Deal New York

Posts Tagged ‘guggenheim partners’

  • 330 Madison Avenue

    330 Madison Avenue

    UPDATED: 6:04 p.m., Jan. 14, 2013

    A handful of big-name financial firms leased space in the relatively lackluster office tower 330 Madison Avenue, despite rising rents.

    New tenants include Abbott Downing, a subsidiary of Wells Fargo; Tiger Legatus Management, a spinoff of the hedge fund giant Tiger Management; Kokino, a wealth management firm; and Chimney Rock, a boutique investment firm. Although landlord Vornado Realty Trust, the city’s largest commercial owner, is asking more than $80 per square foot in some spaces, each company picked up 5,000 square feet of space on varying floors. London-based bank HSBC leased 75,000 square feet at the end of 2013. [more]

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  • Henry Silverman

    Guggenheim Partners, an asset management firm with $170 billion under management, has named Henry Silverman, 72, as the new head of its real estate and infrastructure business, Bloomberg News reported. His duties include the management and coordination of Guggenheim’s real estate dealings.

    Silverman has worked for Guggenheim as vice chairman for the past year. He previously served as a chief operating officer at private equity firm Apollo Global Management. Silverman also worked as a chairman for Realogy Holdings, the public company that owns the Corcoran Group, Citi Habitats and other major brokerages. [more]

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  • Financial firm leases at 330 Madison

    December 27, 2011 01:14PM

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    Clockwise from top left: Cassidy Turley New York Tri-State’s Peter Hennessy, 330 Madison Avenue and Frank Doyle of JLL
    Financial firm Guggenheim Partners has agreed to lease 186,000 square feet at 330 Madison Avenue for a rent in the $70s per square foot, the New York Observer reported. Guggenheim will move into the space when the lease for its approximately 140,000 square feet at 135 East 57th Street expires in 2013.

    Vornado Realty Trust is the landlord at the 850,000-square-foot Madison Avenue tower, between 42nd and 43rd streets, and is spending more than $100 million to upgrade the building and secure a LEED Silver certification. … [more]

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  • 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]

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