The Real Deal New York

Posts Tagged ‘jones lang lasalle’

  • 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.

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  • From left: BNY Mellon's Gerald Hassell and 1 Wall Street

    From left: BNY Mellon’s Gerald Hassell and 1 Wall Street

    Bank of New York Mellon, joining the recent trend of financial companies looking to downsize, is eyeing the sale of its corporate headquarters building at 1 Wall Street.

    The global bank has tapped CBRE Group to market the 52-story Art Deco building at Broadway, and Jones Lang LaSalle to find space for employees who currently work there. [more]

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  • From left: Mort Zuckerman and the GM building, at 767 Fifth Avenue

    From left: Mort Zuckerman and the GM building, at 767 Fifth Avenue

    U.S. automaker General Motors no longer retains a single foot of office space in the Midtown trophy tower that bears its name, it seems. GM put three remaining floors at the pricey building, at 767 Fifth Avenue, on the market last year. Now, financial firm Grosvenor Capital Management has inked a deal for the last remaining portion of that space, the 14th floor, The Real Deal has learned from CompStak. [more]

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  • biz-insider

    150 Fifth Avenue and Henry Blodget

    News website and clickbait powerhouse Business Insider struck a four-year deal to sublease 20,646 square feet at the L&L Holdings trophy property 150 Fifth Avenue.

    Universal Music Group leases the entire building, near 20th Street, in the Flatiron District. Asking rent is in the low $50s per square foot. CBRE broker Ross Zimbalist represented Business Insider, while Jones Lang LaSalle brokers Sean Black and Bill Peters represented Universal. [more]

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  • From left: Calvin Klein creations on the runway and 205-223 West 39th Street

    From left: Calvin Klein creations on the runway and 205-223 West 39th Street

    Calvin Klein has recommitted to its outpost near Penn Station. The PVH Corporation-owned clothier will remain at its 195,000-square-foot spot at 205 West 39th Street, between Seventh and Eighth avenues. Located on the second through 12th floors of the 17-story building, Calvin Klein also holds part of the ground and basement floors. [more]

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  • From left: Vornado's Glen Weiss, 330 Madison Avenue and JLL's Peter Riguardi

    From left: Vornado’s Glen Weiss, 330 Madison Avenue and JLL’s Peter Riguardi

    London-based bank HSBC is bucking the current trend among financial firms of in the city of shaving space, and is instead adding a total of 75,000 square feet to their Madison Avenue outpost. [more]

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  • 501 Seventh Avenue and Mitchell Konsker

    501 Seventh Avenue and Mitchell Konsker

    Warnaco Group, a subsidiary of PVH Corporation, which owns top fashion brands such as Tommy Hilfiger and Calvin Klein, has renewed and expanded its lease at Empire State Realty Trust’s 501 Seventh Avenue. Warnaco now rents 223,616 square feet at the 18-story tower.

    The office building is part of the fledgling real estate investment trust, which was formed earlier this year by Malkin Properties. Tom Durels, chief of property operations and leasing at ESRT, said in a statement that the REIT was “thrilled to have PVH expand and extend its commitment with us, and we look forward to continuing our long-term relationship.” [more]

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  • dtz

    From left: David Gialanella and Tod Lickman

    Los Angeles-based commercial brokerage DTZ plans to double the number of brokers it employs in the New York City area, offering signing bonuses as an incentive.

    The bonuses will amount to roughly 75 percent of the average commissions that the rival firms’ targeted top brokers earned over a three-year period. David Gialanella, who was tapped in July to lead the New York Tri-State region for DTZ, told the Wall Street Journal that his goal is to double – or even triple – the current staff of 65 in New York and 20 in New Jersey over the next year or year and a half. [more]

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  • From left: Steven Schwarzman, the Hilton at West 53rd Street and Chris Nassetta

    From left: Steven Schwarzman, the Hilton at West 53rd Street and Hilton CEO Chris Nassetta

    Private equity juggernaut Blackstone Group has elevated its plans to take Hilton Worldwide Holdings public to a whole new, record-setting level. [more]

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  • From left: Philip Palmer and JLL's Peter Riguardi

    From left: Philip Palmer and JLL’s Peter Riguardi

    Jones Lang LaSalle has tapped CBRE’s Philip Palmer to oversee their brokerage operations in New York City. Palmer will manage more than 100 brokers in JLL’s expanding operation, the firm said.

    Palmer was formerly managing director of CBRE’s Midtown brokerage division, and prior to that was vice president of sales at a Canadian printing company. JLL approached him about a possible move about two months ago, he said. [more]

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  • 635-sixth

    635-641 Sixth Avenue and Paul Glickman

    Business software provider Infor is doubling its space at SL Green’s 635-641 Sixth Avenue after a year.

    Infor has agreed to expand to 92,246 square feet in the Chelsea building, at 19th Street, where asking rents range from the high $70s to the high $90s  per square foot. Renovations of the company’s space will coincide with SL Green’s work to combine the two properties by early next year. [more]

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  • Philip Lehman Mansion sells for $40M

    November 05, 2013 04:55PM
    lehman

    Carrie Chiang and Lehman Mansion

    A six-story commercial townhouse known as the Philip Lehman Mansion has changed hands for $40 million, according to the Corcoran Group and Jones Lang LaSalle, which brokered the deal.

    An unnamed buyer snagged the landmarked 20,000-square-foot property at 7 West 54th Street, between Fifth and Sixth avenues. It hit the market as a sale and a rental in February, shortly after owner Lehm Holdings finished a $20 million renovation to restore the property to its original 19th century grandeur, as The Real Deal reported. It features copper-framed ocular windows, French doors and a bowed-stone balcony. [more]

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  • chetrit

    Christen Portelli and 396 Broadway

    Isaac Chetrit is in contract to sell an office building at 396 Broadway in Tribeca to an executive of investment firm Bridgeton Holdings, for $42 million, the buyer confirmed to The Real Deal today.

    The deal brings an end to several different plans Chetrit had for the 10-story prewar building, which he purchased in 1994 for $1 million after foreclosure proceedings against former owner Fortune Smooth US Ltd. [more]

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  • Satsky-229-JLL

    From left: Michael Satsky, 229 West 28th Street (Photo: CoStar Group), Richard Baxter, Scott Latham, Yoron Cohen and Jon Caplan

    A firm founded by former executives from SL Green Realty and Broadway Real Estate Partners is hoping to unload a 12-story Chelsea office building that could fetch as much as $90 million — or almost double the purchase price paid during the real estate boom, industry insiders said. [more]

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  • From left: Glenn Rufrano and Bruce Mosler

    From left: Glenn Rufrano and Bruce Mosler

    Top commercial firms such as Cushman & Wakefield and Jones Lang LaSalle are looking outside the brokerage business to find replacements for recent high-profile executive exits.

    Cushman was hit with a slew of departures in recent months, including CEO Glenn Rufrano’s in June. Earlier this month, Lauralee Martin, JLL’s CEO for the Americas, announced she was moving to Health Care REIT, a company that owns medical properties. [more]

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  • From left: Cushman & Wakefield's Josh Kuriloff, Jodi Roberts and 157-167 Columbus Avenue

    From left: Cushman & Wakefield’s Josh Kuriloff, Jodi Roberts and 157-167 Columbus Avenue

    The Brodsky Organization has nabbed four new tenants at 157 Columbus Avenue since completing a hefty renovation and opening up 40,000 square feet of space for new leases on the Upper West Side. [more]

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  • 277 Park Avenue

    277 Park Avenue

    Tokyo-based Sumitomo Mitsui Banking Corporation has inked a deal to add 38,249 square feet to its current sublease from the Hartford insurance company at 277 Park Avenue.

    Sumitomo, which also recently picked up a space in Brookfield’s 300 Madison Avenue, will pay rent starting at roughly $50 per square foot in a deal through January 2021 for the 15th-floor space, according to CompStak data cited by the New York Observer. The space is part of the Hartford’s 94,331-square-foot sublease from JPMorgan Chase, the Stahl-owned property’s largest tenant, for which it pays in the mid-$60s. [more]

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  • 1311-1327 Lexington Avenue and Glenn Tolchin (inset)

    1311-1327 Lexington Avenue and Glenn Tolchin (inset)

    The retail space at the base of the Cheshire Group’s Philip House at 1311 to 1337 Lexington Avenue is to be marketed by Jones Lang LaSalle. [more]

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  • 19-25 West 44th Street

    19-25 West 44th Street

    The Berkeley Building at 19 West 44th Street has racked up seven leases — four direct deals and three renewals — totaling 18,877 square feet.

    Communications Media signed on for a five-year, 6,029 square feet lease; Science Friday for seven years and 4,725 square feet of space; Forst Consulting and Architecture for 10 years and 3,964 square feet; and Kyobo Life Insurance for three years and 729 square feet. The three renewals are Benefit Concepts Systems, Chris Haircutters and Joan Boyce Ltd., which collectively account for 3,340 square feet of space in the building. [more]

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  • Eric Yarbro

    Eric Yarbro of CBRE

    Women and minorities hold fewer than 1,000 of the commercial real estate industry’s nearly 14,000 senior executive jobs nationwide, according to new data from the Equal Employment Opportunity Commission. Out of the 13,773 top-level positions, Hispanic men held 400, or 2.9 percent;  Asian men held 220, or 1.6 percent; and black men held 179, or 1.3 percent, the data show. The female minority categories fared even worse, holding fewer than 140 posts, or 1 percent.

    A handful of commercial brokerages, such as CBRE Group and Jones Lang LaSalle, have chief diversity officers, but added the position only in the last few years. Others, such as Cushman & Wakefield, have discontinued the position, but a Cushman spokesperson told the Wall Street Journal that the decision was due to the company’s belief that “ownership of diversity is the responsibility of everyone.” [more]

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