The Real Deal New York

Posts Tagged ‘jones lang lasalle’

  • 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]

  • 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]

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  • 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]

  • From left: Matthew Baron, 12 East 88th Street and Jon Caplan

    From left: Matthew Baron, 12 East 88th Street and Jon Caplan

    Manhattan-based Simon Baron Development Group has inked a contract to buy a prewar rental building in Carnegie Hill for $105 million, or $1,223 per square foot, The Real Deal has learned. The building is poised for conversion to condominium, sources said. [more]

  • jones-lang-americas

    Greg O’Brien and John Gates

    Chicago-based commercial real estate brokerage Jones Lang LaSalle has appointed Greg O’Brien, previously head of the firm’s brokerage division, new CEO of the Americas, according to a release from JLL today.

    O’Brien helmed the Dallas-based commercial brokerage the Staubach Company before Staubach and JLL merged, in 2008. [more]

  • nyc-office-design

    From left: Horizon Media at 75 Varick Street and Mitchell Konsker of Jones Lang LaSalle

    New York City companies are increasingly adopting an open-plan office design, with Architects designing more conference rooms and telephone areas to ramp up communal space. [more]

  • From left: Sheldon Solow, 9 West 57th Street and Cynthia Wasserberger

    From left: Sheldon Solow, 9 West 57th Street and Cynthia Wasserberger

    The era of the triple-digit rents at New York City offices is back, with boutique financial firms signing 80 deals at $100 per square foot or more in 2013, according to a new Jones Lang LaSalle report. [more]

  • Aby Rosen and 757 Third Avenue

    Aby Rosen and 757 Third Avenue

    Aby Rosen has signed tax and advisory firm Grant Thornton to 130,357 square feet at 757 Third Avenue, the latest in a slew of new leases that have brought the 500,000-square-foot tower at East 47th Street to 95 percent occupancy.

    The 15-year deal will see Grant Thornton leave its roughly 110,000-square-foot space at 666 Third Avenue. [more]

  • 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]

  • First Republic Bank at Rockefeller Center

    First Republic Bank at 1230 Avenue of the Americas

    Fashion retailers aren’t the only tenants in Rockefeller Center upgrading the building’s 1940s interior: First Republic Bank is expanding its space at 1230 Avenue of the Americas.

    The bank has added 38,000 square feet to take over the entire seventh floor, as well as added space on the second and third floors. [more]

  • Mitch Rudin and the Grace Building at 1114 Avenue of the Americas

    From left: Mitch Rudin and the Grace Building at 1114 Avenue of the Americas

    Brookfield Office Properties has signed private equity and venture capital firm Insight Venture Partners to a 31,285-square-foot lease at the Grace Building on Bryant Park, The Real Deal has learned from CompStak.

    In the 15-year deal, Insight will pay rents starting in the low-$90s per square foot for the 36th-floor space at 1114 Avenue of the Americas, CompStak data show. [more]

  • From left: 195 Broadway, One World Trade Center

    From left: 195 Broadway, 1 World Trade Center

    New York City’s technology firms are moving to Lower Manhattan in favor of cheaper rents and other perks, according to data from brokerage Jones Lang LaSalle that shows the office space they leased doubled in 2013.

    In total, tech companies leased about 234,000 square feet of Downtown space last year, up from about 93,000 square feet in 2012, according to the data. [more]

  • investment-sales-december

    From left: 237 Park Avenue, 36 Central Park South, Richard Baxter, Scott Latham, Yoron Cohen and Jon Caplan

    Click here to see the top five investment sales recorded in December.