The Real Deal New York

Posts Tagged ‘human resources administration’

  • New York City’s Human Resources Administration has signed a 175,000-square-foot lease in the Hunt’s Point section of the Bronx, the Wall Street Journal reported. The HRA will move into a complex of four connected buildings that make up the Bank Note complex in Hunts Point, an industrial waterfront area in the eastern part of the Bronx. Taconic Investment Partners, which along with Denham Wolf Real Estate Services acquired the building in 2007, told the Journal the lease is for 20 years. … [more]

  • The city and state are investigating five unnamed real estate brokers after receiving complaints that they were demanding money on top of the regulated fee set by the city to place HIV-positive tenants in rental housing.

    Four of the complaints were forwarded by investigators at the city’s Human Resources Administration to the New York State Department of State, which investigates real estate licensing complaints. The DOS received one complaint directly. [more]

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    From left: Silverstein Properties President Larry Silverstein and a rendering of 4 World Trade Center
    The previously reported deal for the city’s Human Resources Administration to take more than half of a million square feet at 4 World Trade Center could be upended by a private-sector tenant, according to the New York Post.

    The developer of the 2.2 million-square-foot building, Silverstein Properties President Larry Silverstein, had previously said that if a private tenant takes the space the city’s commitment “may not be necessary.” He and the Port Authority of New York & New Jersey, which owns the site, would prefer private tenants to fill the space, in part because they would pay more. The HRA lease starts at $56.50 per foot for its 582,000-square-foot space, about $10 to $15 less than tenants have paid in recent deals for space in nearby 7 World Trade Center. … [more]

  • The U.S. Department of Agriculture has signed a lease for
    18,500-square-feet on the seventh floor of Muss Development’s 10-story
    Queens Tower at 88-11 165th Street in Jamaica, Queens. The 10-year
    lease brings occupancy at the recently renovated Queens Tower to 93
    percent; 13,000 square feet remain in the building on the ninth and
    10th floors. Other major tenants in the building include Con Edison,
    North Shore-Long Island Jewish Health System and New York City’s Health
    and Hospitals Corporation, and Human Resources Administration. TRD