Bellmarc sheds corporate HQ

New York /
Jan.January 06, 2009 04:48 PM

Hoping to cut costs in the recession, Bellmarc Realty has closed its corporate headquarters at 352 Park Avenue South, between 25th and 26th streets, according to Neil Binder, the company’s co-founder.

Binder and other corporate personnel have moved from the Park Avenue South office into a branch office at 936 Broadway at 22nd Street, Binder said. The lease on the Park Avenue South space was up, he said, and the company decided to give it up in order to save money on overhead costs. There was extra space at the company’s Broadway office, he said.

In the current climate, “it’s prudent to think about what you can do to preserve your financial integrity,” Binder said.

The offices of Bellmarc Property Management, the building management branch of the business, also moved from Park Avenue South to Broadway, said Jo-Anne Sinnott, the company’s director of corporate communications.

In addition to The Broadway office, the company’s four other offices are located on the East and West sides, Midtown and Downtown. All are still open, Sinnott said.

While times have been tough, Binder said he’s optimistic about the future.

Since the New Year, the company is “seeing a significant improvement in the level of buyer activity,” he said. “We’re very hopeful.”

Bellmarc, founded by Binder and Marc Broxmeyer in 1979, has roughly 200 agents, Sinnott, the communications person, said.


Related Articles

arrow_forward_ios
Matt Lauer exposes Hamptons estate to the market
Matt Lauer exposes Hamptons estate to the market
Matt Lauer exposes Hamptons estate to the market
 Fredrik Eklund and the property (Getty, Steve Frankel)
Fredrik Eklund lists Bel Air mansion for rent as family moves to “forever home”
Fredrik Eklund lists Bel Air mansion for rent as family moves to “forever home”
Gordon Ramsey and his Lucky Cat restaurant (Lucky Cat)
Gordon Ramsay to open first South Florida restaurant in Miami Beach
Gordon Ramsay to open first South Florida restaurant in Miami Beach
Et tu, Caravaggio? Roman home asking $534M gets zero bids at auction
Et tu, Caravaggio? Roman home asking $534M gets zero bids at auction
Et tu, Caravaggio? Roman home asking $534M gets zero bids at auction
10066 Cielo Dr. in Beverly Crest with Jeff Franklin and Sharon Tate (Zillow, Wikipedia, IMDB)
“Full House” producer selling LA mansion on site of Manson murders
“Full House” producer selling LA mansion on site of Manson murders
In the days after Hong Kong circulated its latest virus measures this month, several shops, bars and eateries said they would close (Geology.com, iStock)
Hong Kong businesses struggle with fallout of city’s zero-Covid policy, supply chain woes
Hong Kong businesses struggle with fallout of city’s zero-Covid policy, supply chain woes
New York Ranger Jacob Trouba (Getty)
Rangers’ star Jacob Trouba nets Tribeca condo for $6.7M
Rangers’ star Jacob Trouba nets Tribeca condo for $6.7M
Chrissy Teigen and John Legend with 374 Broome Street (Credit: Karwai Tang/Getty Images; Google Maps)
John Legend and Chrissy Teigen selling penthouse apartments in Nolita
John Legend and Chrissy Teigen selling penthouse apartments in Nolita
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...