The Real Deal New York

Posts Tagged ‘jones lang lasalle’

  • Maspeth, Queens

    Maspeth, Queens

    Owners of industrial sites in Queens have seen their property values rise a staggering 60 percent over the past year as developers increasingly warm up to the borough, according to a new JLL report. And as the supply of industrial properties continues to shrink, rents are seeing marked increases. [more]

  • From left: John Catsimatidis and 350 East 86th Street

    From left: John Catsimatidis and 350 East 86th Street on the Upper East Side

    A privately owned Upper East Side development site that could end up costing more than $100 million is now on the market. [more]

  • One Liberty Plaza and NGKF's David Falk

    One Liberty Plaza and NGKF’s David Falk

    Engineering firm AKF Group is the latest company to snap up office space at Brookfield Property Partners’ One Liberty Plaza.

    The firm, which has been involved in the World Trade Center site redevelopment, signed on for 57,000 square feet spread across One Liberty Plaza’s 22nd and 23rd floors, the Wall Street Journal reported. The 15-year lease was orchestrated by JLL’s Michael Shenot, Paul Mas, Ruby Hwang and Roxanne Tehranian on behalf of AKF. Brookfield’s Jeremiah Larkin and Duncan McCuaig represented the landlord along with David Falk, Peter Shimkin, Hal Stein and Nick Berger of Newmark Grubb Knight Frank. [more]

  • From left: Richard Baxter, Jon Caplan and Manhattan House at 200 East 66th Street

    From left: Richard Baxter, Jon Caplan and Manhattan House at 200 East 66th Street

    Just two months after picking up a Times Square commercial space, GLL Real Estate Partners has snagged a full-block retail condo on the Upper East Side. [more]

  • Savills Studley's Ken Ruderman and 320 Park Avenue

    Savills Studley’s Ken Ruderman and 320 Park Avenue

    Investment management firm Pzena Investment Management is departing 120 West 45th Street for a new eighth-floor spread at 320 Park Avenue.

    The company will take 36,996 square feet in the 35-story building, which is owned by Mutual of America and occupies a full block front between 50th and 51st Streets, the New York Post reported. Ken Ruderman of Savills Studley represented the tenant in the deal, while Frank Doyle, Dave Kleiner and Dan Kollar of Jones Lang LaSalle represented the landlord. [more]

  • cake-shop

    From left: David Schneiderman, Joshua Landau, 152 Ludlow St., 149-151 Essex St., Glenn Tolchin and Yoav Oelsner

    Four Winds Real Estate, in partnership with Nathan and Josh Halegua of Jonis Realty and investor Martin Newman, listed a pair of Lower East Side rental buildings on a single lot yesterday for $35 million total — nearly double what they paid for them last year. [more]

  • scott-rechler-and-237-park

    Scott Rechler

    Scott Rechler’s RXR Realty secured more than half of the $300 million used to purchase the 61 Broadway in the Financial District last month with a loan from HSBC.

    The realty firm received $185 million at closing and another $15 million for future capital expenditures and leasing commissions, according to JLL’s capital markets team. The office building measures 786,975 square feet. [more]

  • Jason Schwartzenberg

    Jason Schwartzenberg has been hired as executive vice president in Jones Lang LaSalle’s New York office.

    Schwartzenberg, 37, will focus on new business development and tenant representation services in the New York metropolitan area, according to an announcement from the commercial brokerage.

    “Jason Schwartzenberg is one of New York’s leading young real estate professionals,” Philip Palmer, executive managing director and the head of JLL’s brokerage operations in New York, said in a press release announcing the new hire. “His enthusiasm and expertise will serve a key role in further expanding JLL’s growth in Manhattan.” [more]

    1 Comment
  • Manhattan Trophy Article

    Rental rates are on the rise in Manhattan’s trophy office towers

    Rental rates in Manhattan’s choicest office buildings are on the rise, with asking rents nearing pre-recession highs from 2007 and 2008. [more]

  • Baxter-Farley-Shapiro-Knakal

    From left: Richard Baxter, James A. Farley post office (Credit: Google), Robert Shapiro and Robert Knakal

    Several of the city’s top investment sales firms made their case this week to win the right to broker the sale of 1.5 million square feet of excess development rights as part of the larger Moynihan Station redevelopment plan, sources told The Real Deal. [more]

  • de-soto

    From left: 2460 Broadway, Glenn Tolchin and Yoav Oelsner

    UPDATED, 11:42 a.m., March 21: Erez Itzhaki’s Keystone Group put the retail co-op at the De Soto building on the Upper West Side on the market for nearly $13 million, The Real Deal has learned. [more]

  • From left: 140 Broadway and John Wheeler

    From left: 140 Broadway and John Wheeler

    A New York office of Jones Lang LaSalle is planning to grow its broker roster by nearly 50 percent.

    In the next 18 months, the commercial brokerage will add five people to the current 11-broker team at its lower Manhattan office at 140 Broadway. The move comes as the firm pushes to increase its market share in Lower Manhattan. [more]

  • Movers and shakers

    March 10, 2014 04:30PM
    Carolyn Sebba and Greg O'Brien

    Carolyn Sebba and Greg O’Brien

    From the March issue: In this month’s Movers and Shakers feature, we have news on Carolyn Sebba, who joined Douglas Elliman Development Marketing as vice president of sales and marketing. Sebba was previously a director of sales at the Marketing Directors. We also have an update on Greg O’Brien, who was recently named CEO of Jones Lang LaSalle’s Americas markets. See these items and more after the jump. [more]

  • 55-broadway

    From left: Jordan Slone, 55 Broadway and Daniel Blanco

    Virginia-based private real estate investment firm Harbor Group International is in contract to buy the 361,000-square-foot office building One Exchange Plaza in the Financial District from Broad Street Development, The Real Deal has learned. [more]

  • Movable Ink sublets at 636 Sixth Avenue

    February 25, 2014 02:57PM
    636 Avenue of the Americas

    636 Avenue of the Americas

    To accommodate its growing staff, e-marketing firm Movable Ink has subleased the entire 13,000-square-foot fifth floor of 636 Sixth Avenue from online marketplace SecondMarket.

    Elliot Warren, the leasing director at the Kaufman Organization, represented Movable Ink in the deal. Jim Wenk of Jones Lang LaSalle represented SecondMarket. [more]

    1 Comment
  • Roche campus at 340 Kingsland Street in Nutley, New Jersey

    Roche campus at 340 Kingsland Street in Nutley, New Jersey

    A Swiss pharmaceutical titan operating 30 minutes outside of New York City is offering its 118-acre campus for redevelopment. [more]

  • 1325-sixth

    1325 Sixth Avenue and Frank Doyle

    In recent months, the Paramount Group has booked up roughly 200,000 square feet in new or renewed lease deals at 1325 Sixth Avenue near 53rd Street in Midtown.

    Among the tenants were tech research firm Gartner Inc., financial consultancy Ingalls & Snyder, Merrill Communications and financial software company OpenLink. Gartner and Ingalls & Snyder both grabbed 25,000 square feet – on the 17th and 18th floors, respectively. Cushman & Wakefield broker Kevin Daily represented Gartner, while his colleague Michael Burgio represented Ingalls & Snyder.  [more]

  • 100-wall

    100 Wall Street

    Savanna has brought another tech firm aboard at 100 Wall Street. IT staffing company Apex Systems inked a seven-year deal for more than 4,300 square feet.

    Throughout the 29-story building, located between Water and Front streets, asking rents range between $38 and $45 per square foot. When Apex moves in by April, the property will be 88 percent occupied. Tech and creative firms have signed to take up about 50,000 square feet of combined space in the building since the start of 2013. [more]

  • class-b

    70 Pine Street and John Wheeler

    Renovations, conversions and demolitions have played a major role in an 11 percent drop in more affordable Class B office space in Manhattan over the past 19 years, according to Jones Lang LaSalle data.

    Firms are increasingly limited to outer-borough neighborhoods such as Downtown Brooklyn or Long Island City in Queens for Class B office space — a pillar of the economy as it is often rented by start-ups and smaller companies just getting their bearings. Downtown Manhattan saw the largest decline – by 30 percent – in Class B stock in the borough since 1995. The media and advertising sectors also tend to favor Class B properties.  [more]

    1 Comment
  • 1311-lex

    1311-1327 Lexington Avenue (Inset: Glenn Tolchin and Dan Levy)

    Ashkenazy Acquisition Corporation is set to close tomorrow on the retail space at the base of the Cheshire Group’s Philip House in Carnegie Hill for $17 million, The Real Deal has learned. [more]