The Real Deal New York

Posts Tagged ‘studley’

  • 250 West 55th Street

    250 West 55th Street

    WEEKENDEDITION Three firms have made deals to occupy a total of 23,265 square feet at the recently-built 250 West 55th Street.

    Veracen Partners, RTW Investments & LifeSci Capital and Coltrane Asset Management have each signed leases for 11,263 square feet, 7,196 square feet and 4,806 square feet, respectively, at the nearly one million square-foot office property at Eighth Avenue. All three companies will occupy a portion of the 16th floor of the 38-story office tower. [more]

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  • heidi-learner

    Studley’s Heidi Learner

    Affordable office space in Lower Manhattan is running out.

    As technology, media and fashion companies are moving in, the area is seeing a swift decline in availability of Class B and C office space, according to a report by brokerage Studley.

    Last month, 4.3 million square feet of Class B and C office space was available, according to the report. That’s about 45 percent less than in 2011.  [more]

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  • From left: Walnut Hill's Stephen Yang, 31 West 27th Street and Woody Heller

    From left: Walnut Hill’s Stephen Yang, 31 West 27th Street and Woody Heller

    Private equity firm Westbrook Partners just closed on the acquisition of a Midtown South office building at 31 West 27th Street for north of $80 million, The Real Deal has learned. [more]

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  • tribeca-pointe

    Tribeca Pointe

    Tribeca Pointe, a 42-story rental complex in Battery Park City, is expected to sell for at least $300 million.

    Rockrose Development tapped a team of Studley brokers, including Woody Heller, Will Silverman, Eric Negrin, and Daniel Parker, to market the 285,000-square-foot building. The developer is seeking a buyer who would either convert the 80 percent portion of the 80/20 affordable housing setup into condominiums, or continue to operate the entire property at 41 River Terrace as a rental. [more]

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  • the-yard

    234 Fifth Avenue and the Yard at 33 Nassau Avenue

    In another sign of the surging interest in shared-office space, Kenart Realties signed the Yard to the full office component at 234 Fifth Avenue at 27th Street.

    The Yard, a shared office specialist, agreed to sign up for 15 years in an 18,000-square-foot space near Madison Square Park. This is the company’s third outpost after 85 Delancey Street in the Lower East Side and 33 Nassau Avenue in Greenpoint. Lance Leighton and Evan Margolin, both of Studley, represented the Yard, while Peter Waters represented Kenart in-house. [more]

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  • bloom62

    From left: 62 Avenue B, Woody Heller and Will Silverman

    Ben Shaoul’s 81-unit luxury rental building Bloom62 is up for the sale – and expected to reel in $70 million. [more]

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  • J. Christopher Flowers and the GM Building at 767 Fifth Avenue

    J. Christopher Flowers and the GM Building at 767 Fifth Avenue

    J.C. Flowers & Co., the firm of billionaire private equity giant and avid real estate speculator J. Christopher Flowers, is taking 18,134 square feet at the GM Building, The Real Deal has learned. The deal is one of many recent subleases at the iconic 767 Fifth Avenue property. [more]

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  • From left: 388 Greenwich Street, 3 World Trade Center and 4 Brookfield Place

    From left: 388 Greenwich Street, 3 World Trade Center and 4 Brookfield Place

    Office leasing in Manhattan hit new heights in the fourth quarter of 2014, buoyed by Citigroup’s 2.6 million-square-foot renewal and a flurry of activity Downtown. [more]

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  • brearley

    From left: 610 East 83rd Street, Jane Foley Fried, Nicholas Bienstock and M. Arthur Gensler Jr.

    The Brearley School, a private girl’s school, has hired commercial real estate brokerage Studley as it explores a possible expansion of its campus or consolidation of its three Upper East Side properties, according to a letter sent to parents and alumnae yesterday. [more]

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  • studley

    Studley’s Mitchell Steir and Time Warner Center

    British real estate brokerage Savills is approaching final talks to buy Midtown brokerage Studley.

    Savills’ presence in Asia and Europe would help expand the reach of Studley, which does not operate outside of the U.S. Although Studley has offices in Boston, Washington, D.C., and Chicago, it is smaller in scope than its rivals Jones Lang LaSalle, Cushman & Wakefield and CBRE Group. Indeed, Studley works solely with tenants and would continue to do so after a potential merger, unnamed sources said. [more]

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  • From left: Greg Taubin, 510 Madison Avenue and Mort Zuckerman

    From left: Greg Taubin, 510 Madison Avenue (center) and Mort Zuckerman

    Hot on the heels of signing Canada’s pension fund and an investment firm, Boston Properties has sewed up two more full floors at its 510 Madison Avenue trophy tower, including the top floor — which commanded a starting rent of $130 per square foot, The Real Deal has learned from CompStak. [more]

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  • culinary

    Chef Fehmi Samanci at the Institute of Culinary Education and Brookfield Place rendering

    To diversify its palate beyond a bevy of luxury retailers, Brookfield Office Properties has added the Institute of Culinary Education to Brookfield Place in Lower Manhattan. [more]

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  • glasgow

    Glasgow Caledonian University’s Saltire Centre in Scotland (Inset: David Zar)

    Scotland-based Glasgow Caledonian University is opening its first U.S. outpost on Thursday – in Soho. [more]

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  • 2 Park Avenue and Jonas Bonnier

    2 Park Avenue and Jonas Bonnier

    There are subplots and there are subleases. At 2 Park Avenue, the two are coming together in a way. Swedish media company Bonnier Corp., which publishes Popular Science and Outdoor Life, is subleasing 27,000 square feet of its space in Morgan Stanley’s office building to book marketer Bookspan, The Real Deal has learned from CompStak. [more]

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  • 630 Third Avenue

    630 Third Avenue

    The Government of Slovenia is moving its office a few blocks north, the New York Observer reported.

    The Permanent Mission of the Republic of Slovenia to the United Nations signed a 15-year lease to occupy the entire 20th floor at 630 Third Avenue. The new office will be approximately 5,829 square feet. The government outpost is scheduled to move from its current address at 600 Third Avenue to its new home on the corner of 41st Street in September. [more]

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  • Brookfield Place

    Global law firm Jones Day is close to signing a long-term lease for 400,000 square feet at Brookfield Place, formerly known as the World Financial Center, sources told Crain’s.

    The Washington, D.C.-based firm would move from its Midtown office at 222 East 41st Street to a 34-story tower at 4 Brookfield Place, the website said. Real estate investment trust Brookfield Office Properties owns the 1.7 million-square-foot complex in the Financial District. [more]

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  • 200 Fifth Avenue

    200 Fifth Avenue (credit: PropertyShark)

    The media outlet known for kitty GIFs and other quirky news is moving into a 57,691-square-foot space at 200 Fifth Avenue between West 23rd and West 24th streets, the New York Post reported. BuzzFeed will sublease the entire eighth floor from jewelry titan Tiffany for two years.

    Steven Marvin of Olmstead Properties represented BuzzFeed in the transaction and Greg Taubin of Studley represented Tiffany. [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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  • Time Warner Center

    Time Warner is reaching out to brokers to assess the value of its Manhattan headquarters, as it prepares to move into a new location or consolidate its more than 4 million square feet of New York City office space, the Wall Street Journal reported. Over the last two years, the company has been considering new locations, including the West Side rail yards and Brookfield Place. Though the company owns its million-square-foot headquarters by Columbus Circle, the majority of its other office space is leased. Sources told the Journal that if Time Warner were to make a move to a new location, it would likely sell the Time Warner Center…. [more]

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  • 256 West 38th Street

    A $48.6 million deal for a building that traded for $30 million only 18 months ago — a $250 per square foot to $400 per square foot price increase – is further evidence that Garment District real estate is on the rise. According to the New York Post, the 118,200 square-foot former apparel factory at 256 West 38th Street sold to American Realty Capital New York Recovery REIT in a Studley Capital Transaction Group-brokered deal. The seller was a a joint venture between East End Capital and GreenOak Real Estate. [more]

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