Cassidy Turley | The Real Deal New York

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Cassidy Turley

New York, NY

Cassidy Turley was a privately held commercial real estate brokerage and services company based in Washington, D.C., that at the time of its merger in late 2014 into DTZ, had more than 3,700 employees working in commercial real estate. Though not one of the biggest brokerages in New York, the local office of Cassidy Turley maintained a sizable presence in the city, particularly through its office leasing team. With the merger, the Cassidy Turley name was retired and the New York office merged with the smaller New York office of DTZ in early 2015.

Cassidy Turleys clients in New York included Coty, Random House, LVMH, City Harvest and Guggenheim Partners. The addresses where the firm has worked major deals include the commercial condo at 40 Broad Street; the Empire State Building; 399 Park Avenue; and 150 East 42nd Street. The firm also produces reams of data, including a quarterly Manhattan office market report.

Cassidy Turley was created in 2008 out of the merger of four different firms nationwide, including Colliers ABR in New York. Its New York region president was Peter Hennessy and its New York region managing principal was Joseph Swingle at the time of the merger into DTZ. The New York office of Cassidy Turley was originally Abrams Benisch Riker, formed in 1978 by former members of Cross & Brown Company.


04/26/17
...that, he was president of corporate services at Cassidy Turley. The commercial real estate brokerage business has been in a state of upheaval in...

06/14/16
...in Manhattan in early 2015 with the purchase of Cassidy Turley, which roughly 47,000 square feet at 277 Park Avenue. L&L is taking a unique...

03/08/16
...t just two companies, they had already acquired Cassidy Turley and a few other companies. So there are several companies that need to be...

03/01/16
...a merger with commercial real estate services firm Cassidy Turley that saw the two companies’ New York offices combined -- with Gialanella ceding his...

12/21/15
...but Cushman’s recent mergers with the firms Cassidy Turley and DTZ gave it additional business. CBRE disputed TRD's figures, saying it had leased...

10/30/15
...started last year when DTZ acquired the firm Cassidy Turley, followed by Cushman’s purchase of Massey Knakal Realty Services for $100 million. DTZ then...

09/09/15
...includes employees from DTZ’s acquisition of brokerage Cassidy Turley late last year. The Cassidy Turley deal also saw redundancies play out in the...

09/02/15
...billion. DTZ acquired commercial real estate services firm Cassidy Turley in January for $550 million. Just before that, Cushman bought investment sales broker Massey Knakal...

06/14/15
...backed by private equity firm TPG, bought brokerage Cassidy Turley. And in May, DTZ acquired Cushman for $2 billion...

06/08/15
...to the Cushman merger, DTZ acquired commercial brokerage Cassidy Turley in January and also inherited  investment sales firm Massey Knakal Realty Services, which Cushman...

05/15/15
...agreement came only five months after DTZ and Cassidy Turley merged, and DTZ said when the Cushman integration is complete, it will create a...

05/13/15
...pointed to DTZ’s $557 million acquisition of brokerage Cassidy Turley earlier this year, which it said the company “is still digesting.” “DTZ will be...

05/07/15
...Management-led group, in 2013. Colliers ABR became part of Cassidy Turley, which is now DTZ. Prior to the sale, an investment fund run by DTZ...

01/22/15
...after an affiliate of DTZ Investment Holdings acquired Cassidy Turley, the London-based commercial firm is slimming down its work force. DTZ laid off 45 employees...

01/07/15
...global brokerage that closed on its acquisition of Cassidy Turley last week. Midtown South approached the office vacancy rate of just over 5 percent registered...

01/02/15
...on the acquisition of the U.S. brokerage Cassidy Turley, a transaction that locally will lead to the combination of the two Manhattan offices...

12/23/14
...to a request for comment. The magazine hired Cassidy Turley’s Susan Kahaner and Jennifer Ogden to advise on the search. They did not...

12/18/14
...including the sales of brokerage firms Studley and Cassidy Turley and listing sites Trulia and Apartments.com, flow from ready access to capital and...

12/17/14
...the same floor for 10 years. Brian Weld of Cassidy Turley represented SmartSign and George Grace of Mohr Partners repped U.S. Legal. Rents in...

12/04/14
...according to a new report from commercial brokerage Cassidy Turley. The Midtown South availability rate for office space reached 7.5 percent in November, a 0.1 percent...

11/06/14
...according to a monthly report from commercial brokerage Cassidy Turley. Four blocks of sublease space exceeding 45,000 square feet hit the market last month. For...

11/04/14
...also in the process of acquiring commercial brokerage Cassidy Turley, in a deal that is slated to close at the end of this year...

10/30/14
...commercial firm Studley for $260 million. And in September, Cassidy Turley agreed to be acquired by an affiliate of the brokerage firm DTZ in a...

10/28/14
...Realty and the Moinian Group own the building. Cassidy Turley...

10/21/14
...to the spaces, Richard Persichetti, vice president at Cassidy Turley, told the newspaper. In comparison, Midtown incentives usually include about six months of free...
  • Event Office Leasing
  • Address 366 Madison Avenue
  • Neighborhood Midtown
  • Borough Manhattan
  • Square feet 6,851
notes
The company signed a lease.
  • Event Office Leasing
  • Address 32-10 Jamaica Avenue
  • Neighborhood Forest Park
  • Borough Queens
  • Square feet 12,400
  • Publication Date 03/01/2015
  • Event Date 01/15/2015
  • Party 1 132-10 Jamaica Ave Realty Corp.
  • Party 1 Broker Dmitri Gourianov, Neil Firtle
  • Party 2 School Construction Authority
  • Party 2 Brokerage Cassidy Turley
notes
The tenant signed a lease to occupy the entire one-story warehouse and will convert the space into a Pre-K school for approximately 100 students.
  • Event Retail Leasing
  • Address 1133 Sixth Avenue
  • Neighborhood Theater District
  • Borough Manhattan
  • Square feet 40,000
notes
The piano manufacturer and retailer signed a 15-year lease.
  • Event Office Leasing
  • Address 153-30 89th Street
  • Neighborhood Jamaica
  • Borough Queens
  • Square feet 11,631
notes
The tenant signed a lease.
  • Event Office Leasing
  • Address 3 Columbus Cir
  • Neighborhood Hell's Kitchen
  • Borough Manhattan
  • Square feet 21,342
notes
The fashion brand signed a lease to occupy the 20th floor.
  • Event Office Leasing
  • Address 8 West 40 Street
  • Neighborhood Midtown
  • Borough Manhattan
  • Square feet 6,667
notes
The tenant signed a lease to occupy the sixth floor.
  • Event Office Leasing
  • Address 485 Madison Avenue
  • Neighborhood Midtown
  • Borough Manhattan
  • Square feet 14,101
notes
The tenant signed a lease to occupy the ninth floor.
  • Event Office Leasing
  • Building Name One Grand Central Place
  • Address 60 East 42nd Street
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 3,794
notes
The government entity leased new space.
  • Event Office Leasing
  • Address 485 Madison Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 14,101
notes
The accounting firm signed a new lease on the ninth floor.
  • Event Office Leasing
  • Address 8 West 40th Street
  • Neighborhood Garment District
  • Borough Manhattan
  • Square feet 6,667
notes
The business software company signed a new lease on the sixth floor.
  • Event Office Leasing
  • Address 99 Park Avenue
  • Neighborhood Murray Hill
  • Borough Manhattan
  • Square feet 31,615
notes
The risk management software company signed a sublease on the fifth floor. The building is owned by Eastgate Realty.
  • Event Office Leasing
  • Building Name One Grand Central Place
  • Address 60 East 42nd Street
  • Neighborhood Midtown
  • Borough Manhattan
  • Square feet 3,794
notes
The government entity leased new space.
  • Event Office Leasing
  • Building Name One Grand Central Place
  • Address 60 East 42nd Street
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 2,794
notes
The financial services firm signed a new lease.
  • Event Office Leasing
  • Address 475 Fifth Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 4,319
notes
The global provider of air conditioning and refrigeration signed a 10-year lease for the entire 21st floor.
  • Event Office Leasing
  • Building Name One Grand Central Place
  • Address 60 East 42nd Street
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 4,961
notes
The accounting firm signed a lease.
  • Event Office Leasing
  • Building Name One Grand Central Place
  • Address 60 East 42nd Street
  • Neighborhood Midtown
  • Borough Manhattan
  • Square feet 4,961
notes
The accounting firm signed a lease.
  • Event Office Leasing
  • Address 500 Fifth Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 33,000
notes
The fashion retailer signed a long-term office lease on the entire 19th and 20th floors.
  • Event Office Leasing
  • Address 230 Park Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 43,295
notes
The private wealth advisory division of Lebenthal Holdings signed a six-year sublease for the 31st and 32nd floors. HSH Nordbank will relocate to the 34th floor.
  • Event Office Leasing
  • Address 230 Park Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 1,749
notes
The tenant signed a two-year sublease.
  • Event Retail Leasing
  • Address 20 Pine Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 5,733
  • Publication Date 05/01/2014
  • Event Date 03/22/2014
  • Party 1 Brokerage Azad Property Group
  • Party 1 Broker Mansour Tabibnia, Barry Farchi
  • Party 2 FedEx
  • Party 2 Brokerage Cassidy Turley
notes
The courier delivery services company signed a 10-year retail lease.
  • Event Office Leasing
  • Address 333 Seventh Avenue
  • Neighborhood Chelsea
  • Borough Manhattan
  • Square feet 55,000
  • Publication Date 05/01/2014
  • Event Date 03/17/2014
  • Party 1 Samco Properties
  • Party 1 Brokerage Represented in-house
  • Party 2 Fashion Institute of Technology
  • Party 2 Brokerage Cassidy Turley
  • Party 2 Broker Susan Kahaner, Jennifer Ogden, Tracy Johnson
notes
The school signed an 18-year lease for administrative office space.
  • Event Office Leasing
  • Address 19 West 44th Street
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 2,333
notes
The jeweler signed a three-year office lease for part of the eighth floor.
  • Event Office Leasing
  • Address 100 Wall Street
  • Neighborhood Seaport
  • Borough Manhattan
  • Square feet 4,071
notes
The digital presence management firm signed a new lease for part of the fifth floor.
  • Event Retail Leasing
  • Address 122 East 42nd Street
  • Neighborhood Murray Hill
  • Borough Manhattan
  • Square feet 1,000
notes
The juice bar signed a lease. The reported asking rent was $300 per square foot.
  • Event Office Leasing
  • Address 527 Madison Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 8,600
notes
The fixed-income brokerage and financial advisory firm signed a five-year lease on the 10th floor.
To see all, go to Advanced Search

12/21/15
...but Cushman’s recent mergers with the firms Cassidy Turley and DTZ gave it additional business. CBRE disputed TRD's figures, saying it had leased...

...Peter Hennessy, president of the tri-state region for Cassidy Turley, said in an interview in the final weeks of 2014. “In the Midtown South area...

Midtown Manhattan
...Midtown’s in the summer of 2013, according to Cassidy Turley. In addition, Midtown South’s most expensive deals this year were generally inked at...

...said Robert Billingsley, a vice chairman at brokerage Cassidy Turley, who was speaking generally and is not connected to any of the aforementioned properties...

...Schenker, president of ABS. A leasing team from Cassidy Turley including Peter Hennessy, president of the New York Tri-State region, and Tracy Johnson, represented...

...activity. Richard Bernstein, a vice-president at commercial firm Cassidy Turley, said more high-profile deals and continued absorption are on the way. Prices, he said...

...said Richard Bernstein, a vice-president at commercial firm Cassidy Turley. Going forward, Bernstein was bullish about the office leasing market. “I think we might...

...said Richard Bernstein, vice chairman with commercial firm Cassidy Turley. Bruce Mosler, chairman of global brokerage for Cushman & Wakefield, agreed. “I think December...

...and sublet the space — was represented by a Cassidy Turley team led by Richard Bernstein, CoStar shows. Centron was represented by CBRE Group’s...

...in 2012. Itzhaki Properties (without its top agent Hakimian), Cassidy Turley and retail-focused firm RKF also saw a decrease in sales volume. Looking ahead, Rahmani...

...transactions), Colliers International (with 3.1 million square feet) and Cassidy Turley (with 2.4 million square feet). While the order of the list may not be a...

...from 40.7 million in 2011, preliminary figures from commercial firm Cassidy Turley showed. That drop-off, experts say, was due largely to big companies’ concerns about committing...

...much as a third from 2011, preliminary data from Cassidy Turley revealed. And while there were several big lease-renewal deals — including media giant Viacom’s...

...steady in November, preliminary statistics from commercial firm Cassidy Turley showed. Meanwhile, the availability rate — which tracks space vacant now or that will become...

...remained unchanged at 10.3 percent, data from commercial firm Cassidy Turley showed. Midtown In the Midtown market, the biggest trend of the month was the...

...percent between August and September, preliminary figures from Cassidy Turley showed. At the same time, asking rents ticked up slightly, rising $0.62 per foot to...

...The firm was represented by Peter Hennessy of Cassidy Turley. The firm’s estimated commission was $2.2 to $4.4 million. Vornado was represented by Frank Doyle...

...lowest all year, preliminary data from commercial firm Cassidy Turley shows. That figure represents only about a quarter of the average monthly volume of...

...the 3.5 million in May, data from commercial firm Cassidy Turley showed. Depending on the final tally for June, it may be the slowest leasing...

...four months of the year, commercial data firm Cassidy Turley reported. “Midtown South is in high demand,” said Richard Persichetti, vice president of research...

...from the previous month, data from commercial firm Cassidy Turley shows. During the same period, the availability rate (measuring spaces that are vacant now...

...level since 1995, preliminary figures from commercial services firm Cassidy Turley show. The weak leasing activity also stood in stark contrast to the high volume...

...months. Robert Billingsley, vice chairman of commercial firm Cassidy Turley, acknowledged that large companies have been reluctant to sign deals lately, but he remained...

Ten of the biggest tenants on the hunt for Manhattan office space
...said David Lebenstein, a senior managing director at Cassidy Turley. “I would imagine you would see announcements through the year, and more in the...

...in December 2010, according to figures from commercial firm Cassidy Turley. The availability rate also declined 0.1 point last month from 11 percent in November. And the...
To see all, go to Advanced Search

Manhattan office leasing activity was sluggish in January as a result of of increased availability and a drop in asking rents. The availability rate increased...
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