Cassidy Turley | TRD Research
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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.

  • 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 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
  • 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
  • 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
  • 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
  • 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 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
  • 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 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 2,794
notes
The financial services firm signed a new 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
  • 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
  • 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 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 Retail Leasing
  • Address 20 Pine Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 5,733
notes
The courier delivery services company signed a 10-year retail lease.
  • 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 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 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 Retail Leasing
  • Address 122 East 42nd Street
  • Neighborhood Murray Hill
  • Borough Manhattan
  • Square feet 1,000
  • Publication Date 01/01/2014
  • Event Date 11/22/2013
  • Party 1 Brokerage Cassidy Turley
  • Party 1 Broker Michael Hoffman
  • Party 2 Juice Generation
  • Party 2 Brokerage Newmark Grubb Knight Frank
  • Party 2 Broker Benjamin Birnbaum, Matt Cohen
notes
The juice bar signed a lease. The reported asking rent was $300 per square foot.
  • 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 Office Leasing
  • Address 527 Madison Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 8,200
notes
The hedge fund signed a four-year lease on the 15th floor. The tenant is relocating from 410 Park Avenue.
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12/21/2015
In recent years, CBRE has dominated on the landlord agency front, but Cushman’s recent mergers with the firms Cassidy Turley and DTZ gave it additional business...

01/02/2015
An office neighborhood does not change its character suddenly. Even as technology firms in recent years snapped up many of the new spaces in Midtown South andAn office neighborhood does not change its character suddenly. Even as technology firms in recent years snapped up many of the new spaces in Midtown South and...

10/01/2014
In 2014’s second quarter, Colliers data show the average Class A asking rent in Midtown was $76 a square foot, compared with $67.16 in Midtown South â€' a gap of less than $9. Meanwhile, Class B space, which accounts for the vast majority of Midtown South’s property, was actually more expensive in Midtown South than in Midtown: $57.31 on average, versus $55.05. Average asking rents in Midtown South for Class B space surpassed Midtown’s in the summer of 2013, according to Cassidy Turley...

08/01/2014
While there is no unifying feature that keeps these large blocks fallow, often the issue can be found in the lack of single marketing theme, said Robert Billingsley, a vice chairman at brokerage Cassidy Turley, who was speaking generally and is not connected to any of the aforementioned properties...

07/01/2014
“We are very pleased to have such a well-established and secure tenant at 915,” said James Caseley, an executive managing director of leasing & management at ABS Partners Real Estate. He, along with Carol Sacks and Alex Kaskel, represented the landlord of 915 Broadway, a partnership assembled by Gregg 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 Math for America...

02/01/2014
Richard Bernstein, a vice-president at commercial firm Cassidy Turley, said more high-profile deals and continued absorption are on the way...

01/01/2014
The uptick in leasing activity indicates a thriving business landscape and “a high level of confidence” in the market, said Richard Bernstein, a vice-president at commercial firm Cassidy Turley...

12/03/2013
“The deal flow is there. I think we are moving with some momentum that will carry us over to next year,” said Richard Bernstein, vice chairman with commercial firm Cassidy Turley...

05/01/2013
A medical advertising company called Centron signed a more than 27,000-square-foot sublease at 1745 Broadway, the Random House Tower, data from CoStar Group showed. Publishing behemoth Random House â€' which is consolidating its footprint in the building and sublet the space â€' was represented by a Cassidy Turley team led by Richard Bernstein, CoStar shows...

03/01/2013
Itzhaki Properties (without its top agent Hakimian), Cassidy Turley and retail-focused firm RKF also saw a decrease in sales volume...

03/01/2013
The next wave of firms included Studley (with 4.8 million square feet in leasing transactions), Colliers International (with 3.1 million square feet) and Cassidy Turley (with 2.4 million square feet)...

01/01/2013
Total leasing volume for 2012 fell to roughly 26.8 million square feet, a 33 percent drop from 40.7 million in 2011, preliminary figures from commercial firm Cassidy Turley showed...

01/01/2013
Meanwhile, there was a steep drop-off on the office-leasing front, which saw activity fall by as much as a third from 2011, preliminary data from Cassidy Turley revealed...

12/01/2012
Overall, Manhattan leasing figures remained steady in November, preliminary statistics from commercial firm Cassidy Turley showed...

11/01/2012
Average asking rents rose by $0.30 per foot to $56.82 per square foot in October, compared with the prior month. The availability rate â€' which counts space that is vacant now or will be available within six months â€' remained unchanged at 10.3 percent, data from commercial firm Cassidy Turley showed...

10/01/2012
The Manhattan market, meanwhile, remained relatively static. Available space remained flat at 10.3 percent between August and September, preliminary figures from Cassidy Turley showed...

09/01/2012
The firm was represented by Peter Hennessy of Cassidy Turley...

09/01/2012
Manhattan’s availability rate â€' which measures the amount of space available now or in the next 12 months â€' held steady in August at 10.3 percent. But the average asking rent rose by $0.95 per square foot, Cassidy Turley figures revealed...

07/01/2012
Preliminary leasing totals for June show only about 1.4 million square feet of office space was leased in Manhattan’s three major markets. That’s far below the 4.9 million registered in April and the 3.5 million in May, data from commercial firm Cassidy Turley showed...

06/01/2012
In fact, Midtown South â€' which has gotten a lot of attention lately because of its popularity with technology and media firms â€' has represented 73 percent of the positive office space absorption in Manhattan through the first four months of the year, commercial data firm Cassidy Turley reported...

05/01/2012
Overall, asking rents in Midtown ticked up by $0.16 per square foot to $61.01 per foot last month, while the availability rate remained flat at 11.1 percent, Cassidy Turley statistics show...

04/01/2012
The large financial, media and legal firms that drive much of Manhattan’s office leasing market stood on the sidelines during 2012’s first quarter, allowing activity to fall to its second-lowest level since 1995, preliminary figures from commercial services firm Cassidy Turley show...

12/30/2011
The availability rate -- which measures office space available for rent now or in the next 12 months -- fell to 10.9 percent last month from 12 percent in December 2010, according to figures from commercial firm Cassidy Turley...

11/30/2011
The availability rate -- which measures space available for rent now or in the next 12 months -- fell in November by 0.1 point, to 11 percent (down from 12.3 percent in November 2010), and the asking rent rose last month by $0.46 per square foot to $51.20 per foot, data from Cassidy Turley showed...

10/31/2011
Average asking rents for Manhattan overall rose by $1.20 per foot, driven mostly by a large increase in Midtown asking rents, to $50.74 per foot, preliminary figures for October from commercial firm Cassidy Turley showed...

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...