The Real Deal New York

Posts Tagged ‘jones lang lasalle’

  • 120 Park Avenue (via Flickr)

    Bloomberg LP is taking 68,000 more square feet at its 120 Park Avenue address, the New York Post reported.

    Although the media and financial organization is based at the Bloomberg Tower at 731 Lexington Avenue, the company leased 482,399 square feet, or 12 floors, at the 600,000-square-foot, 26-story Park Avenue office tower in 2011, as The Real Deal reported. Now, Bloomberg LP has taken additional space at for its Midtown East satellite office, including one full floor and a wraparound terrace, the Post said. [more]

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  • 333 West 34th Street and Marc Holliday of SL Green

    Commercial landlord SL Green has listed 333 West 34th Street, a fully-leased, 350,000-square-foot office building that sources say could sell for $225 million, according to Crain’s.

    A team from Jones Lang LaSalle headed by Richard Baxter and Scott Latham is handling the sale for the landlord. The 10-story building is located between Eighth and Ninth avenues. [more]

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  • JLL’s Frank Doyle and 1325 Avenue of the Americas

    Paramount Group has hired Jones Lang LaSalle to market its 786,000-square-foot office building at 1325 Avenue of the Americas, the brokerage said today.

    The 34-story Class A building, located between West 53rd and West 54th streets, was built in 1989 and has about 222,000 square feet of space available for lease, including one space that measures 120,000 square feet, according to Paramount’s release on the deal. JLL’s Frank Doyle, David Kleiner and Douglas Neye will work on leasing the building.  [more]

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  • 90 Fifth Avenue

    The publisher Forbes’ departure from its office space at 90 Fifth Avenue could yield an auction sale of the property for over $100 million, Crain’s reported. A Richard Baxter-led Jones Lang LaSalle team is in charge of marketing the 11-story, 140,000-square-foot building, and sources told Crain’s that the building could go residential or be maintained for commercial use.

    RFR Realty owns the building, located between 14th and 15th streets. As The Real Deal reported this morning, it is one of Manhattan’s 10 most distressed properties. [more]

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  • From left: Jason Gold, Jon Caplan and 350 West Broadway

    The retail condominium at the Aby Rosen-developed 350 West Broadway has sold for $25.5 million, according to records filed yesterday with the city.

    Jones Lang LaSalle exclusively marketed the 11,115-square-foot space. [more]

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  • From left: a screenshot from doomsday thriller “The Day After Tomorrow” and Blue Hill Plaza, a data center space in Rockland County

    Before Hurricane Sandy, signing an office lease meant considering cost, size, condition, landlord, maybe the neighborhood. Today, storm-wary tenants are asking another question, a powerful one, if you will: What electrical grid is the building on? [more]

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  • Time Warner Center

    Time Warner has reached out to two additional firms, Eastdil Secured and Jones Lang LaSalle, to help it value its million-square-foot Columbus Circle headquarters, having already solicited the services of Studley last week, the Wall Street Journal reported. The media behemoth is preparing to move into a new location or consolidate its more than 4 million square feet of New York City office space. If the company does decide to sell, the building could command prices of roughly $1,000 a square foot for a total price north of a billion dollars. The intense bidding interest likely from a sale announcement would mean that brokers could reap rich rewards from commission, typically below 1 percent on a deal of this size…. [more]

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  • Lower Manhattan

    Showing steady signs of progress, 12.4 percent of office space below Canal Street remains closed six weeks after Hurricane Sandy made landfall, according to Jones Lang LaSalle tallies.

    Out of 183 Class A and B properties, 15 are still shuttered — accounting for some 12.6 million square feet. The total inventory in the neighborhood ticks in at 101.2 million square feet. [more]

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  • From left: Sacha Zarba and a screenshot of CBRE’s Twitter feed

    Some commercial real estate firms now have a greater social media presence, and some brokers say they’re nabbing leads thanks to the social media sphere, the Wall Street Journal reported.

    But whether a social media presence can secure a deal is a matter of debate. JMP Securities’ William Marks, himself a former broker, says online activity doesn’t make a big difference. Twitter, Facebook and LinkedIn cannot provide the face-to-face contact that the business thrives on, he said. [more]

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  • Soho retail condo could fetch $30M

    December 06, 2012 11:00AM

    From left: Aby Rosen and 350 West Broadway

    Jones Lang LaSalle has been tapped as the exclusive agent for marketing the retail space at the Aby Rosen-developed 350 West Broadway, the New York Observer reported. Jason Gold, one of the members of the JLL marketing team, told the Observer that the sale of the 11,115-square-foot, two-floor condominium space could fetch between $26 and $30 million.

    Richard Baxter, vice chairman at JLL, is leading the team along with Gold, Yoron Cohen, Yoav Oelsner and Ryan Solomon. [more]

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