DTZ | The Real Deal New York

The Real Deal New York

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DTZ

1271 Sixth Avenue #43
New York, NY 10020
(212) 328-4200
Website
info@dtz.com

Permanently closed. Merged with Cushman & Wakefield. DTZ was a global, privately owned commercial real estate firm based in Chicago with about 28,000 employees that has roots going back hundreds of years but in late 2014 went private and bulked up with the acquisition of the U.S. based Cassidy Turley.

Private equity firm TPG Capital along with PAG Asia Capital and Ontario Teachers Pension Plan purchased DTZ from the Australian public, commercial property firm UGL for about $1.1 billion and then merged that with Cassidy Turley, which was acquired for about $557 million.

In New York, the firms clients 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 produced 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 is Peter Hennessy and its New York region managing principal is Joseph Swingle.


04/16/18
...back to its merger with the commercial brokerage DTZ in September 2015. In 2014, Cushman ranked No. 4 while DTZ placed No. 7. But their combined firepower...

...back to its merger with the commercial brokerage DTZ in September 2015. In 2014, Cushman ranked No. 4 while DTZ placed No. 7. But their combined firepower...

03/12/18
...president of the New York tri-state region for DTZ, and joined Cushman through the companies’ merger in 2015. He believed he was in the...

03/01/18
...The Real Deal. He served as president of DTZ’s New York tri-state region until 2015, when the brokerage merged with Cushman. At that...

02/02/18
...Turley in 2010. He oversaw the firm's merger with DTZ, and then DTZ's merger with Cushman in 2015. "Joe was, first and foremost, dedicated to...

12/25/17
From the archives: Cindy used to dream of barging through the front door of Bar Works West Village, TV crew in tow. She would stride...

12/20/17
...firm’s umbrella when it was acquired by DTZ for $2 billion in 2015. Rents at 1290 Sixth, owned by Vornado Realty Trust, are in the...

11/30/17
...leaving JLL. “After 4 great years helping to lead DTZ and Cushman & Wakefield I’m happy to say that I’m taking a...

09/18/17
...took the job, the Chicago-based CRE services firm DTZ announced it would buy Cushman. The job changed from hiring brokers and growing through...

07/10/17
Property scams are spreading through social media. The perpetrators (almost) always get away....

05/22/17
...was when Spiegelman first heard the news: Rival DTZ was buying the global real estate services firm for $2 billion — and he would be...

05/18/17
...years after the IPO, international real estate firm DTZ (now part of Cushman & Wakefield) marked down the value of RGI’s portfolio...

...was when Spiegelman first heard the news: Rival DTZ was buying the global real estate services firm for $2 billion — and he would be...

...offering since its $2 billion merger with Chicago-based brokerage DTZ, which is backed by the private equity firm TPG. In 2014, the firm paid $100 million...

04/26/17
...recent years, with Cushman & Wakefield merging with DTZ ahead of a possible IPO and several high-profile personnel moves between firms. Colliers recently...

04/10/17
Shake Shack will set up shop at BFC Partners’ Empire Outlets. The fast food restaurant, headed by Danny Meyer, will open in 2018, Eater reported....

03/29/17
...Murphy for the position of tri-state president when DTZ acquired the brokerage in 2015 for $2 billion. Murphy said that this time around it was...

03/01/17
...in 2016, followed by JLL ($6.8 billion), Cushman & Wakefield/DTZ ($5 billion), Colliers ($2.6 billion) and Savills Studley ($1.7 billion). Newmark did just over $1 billion in revenue...

02/10/17
Private fund manager Lone Star Funds is expanding at Vornado Realty Trust’s 888 Seventh Avenue, more than doubling its footprint from 22,000 to 50,000 square...

02/09/17
...ever since it was merged with Chicago-based brokerage DTZ, which is backed by private equity group TPG. The company has tightened its belt...

12/05/16
In many Eastern societies, the arranged marriage is still a thing. A bride and groom are stacked up on paper, and if enough boxes —...

...was acquired by European real estate services firm DTZ...

11/27/16
If for some reason you were searching for Trump Tower on Google yesterday, you might have found an amusing or angering result (depending on your...

...on in March 2015 at global real estate giant DTZ, which then acquired Cushman in a $2 billion deal a few months later. The acquisition...

10/27/16
...nine regional offices in the Tri-state area. After DTZ’s $2 billion acquisition of Cushman last year, Lo Russo oversaw New York operations for...
Cushman & Wakefield, Associate Broker
1290 Sixth Avenue, New York, NY, (212) 841-7500
...
Cushman & Wakefield, Associate Broker
1290 Sixth Avenue, New York, NY, (212) 841-7500
...
Cushman & Wakefield, Real Estate Salesperson
1290 Sixth Avenue, New York, NY, (212) 841-7500
...
Cushman & Wakefield, Associate Broker
1290 Sixth Avenue, New York, NY, (212) 841-7500
...
Cushman & Wakefield, Associate Broker
1290 Sixth Avenue, New York, NY, (212) 841-7500
Mark Boisi is Chairman of the New York Tri-State Region at DTZ. He...
Cushman & Wakefield, Associate Broker
1290 Sixth Avenue, New York, NY, (212) 841-7500
...
Cushman & Wakefield, Associate Broker
1290 Sixth Avenue, New York, NY, (212) 841-7500
...
Cushman & Wakefield, Corporate Broker
1290 Sixth Avenue, New York, NY, (212) 841-7500
...
Avison Young, Associate Broker
623 Fifth Avenue, 22nd Floor, New York, NY, (212) 729-7140
Nicole Heryet is a Senior Managing Director at DTZ focused on office leasing....
Cushman & Wakefield, Associate Broker
1290 Sixth Avenue, New York, NY, (212) 841-7500
...
Cushman & Wakefield, Director
1290 Sixth Avenue, New York, NY, (212) 841-7500
...
Cushman & Wakefield, Regional Research Director, Tri-State & Northeast
1290 Sixth Avenue, New York, NY, (212) 841-7500
...
Cushman & Wakefield, Managing Principal
1290 Sixth Avenue, New York, NY, (212) 841-7500
...
  • Event Office Leasing
  • Address 1457 Broadway
  • Neighborhood Times Square
  • Borough Manhattan
  • Square feet 27,488
  • Publication Date 01/01/2016
  • Event Date 11/17/2015
  • Party 1 Nordes Bank Investment Manager, Boston Properties
  • Party 1 Brokerage JLL
  • Party 1 Broker Randy Abend, Lisa Kiell, Greg McCavera
  • Party 2 White and Williams
  • Party 2 Brokerage DTZ, Tactix
  • Party 2 Broker Chris Helgeson, Dirk Hrobsky, Chris Sterling, Rob Cellucci, Judson Wambold
notes
The global law firm signed a sublease.
  • Event Office Leasing
  • Address 622 Third Avenue
  • Neighborhood Midtown
  • Borough Manhattan
  • Square feet 26,500
  • Price per foot $ 66.00
notes
The employment agency signed an 11-year lease.
  • Event Office Leasing
  • Address 150 East 42nd Street
  • Neighborhood Murray Hill
  • Borough Manhattan
  • Square feet 57,000
notes
The London-based media company signed a lease.
  • Event Office Leasing
  • Address 44 Wall Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 3,204
notes
The company signed a three-year lease.
  • Event Office Leasing
  • Address 1185 Sixth Avenue
  • Neighborhood Midtown
  • Borough Manhattan
  • Square feet 29,166
  • Price per foot $ 68.00
  • Publication Date 10/01/2015
  • Event Date 08/22/2015
  • Party 1 Hess
  • Party 1 Brokerage Cushman & Wakefield
  • Party 1 Broker Stuart Romanoff, Amy Fox, Franklin Speyer
  • Party 2 UHY Advisors
  • Party 2 Brokerage DTZ
  • Party 2 Broker Robert Yaffa, Wayne Van Aken
notes
The tenant signed a sublease from the Hess Corporation.
  • Event Office Leasing
  • Address 43 West 23rd Street
  • Neighborhood Flatiron
  • Borough Manhattan
  • Square feet 14,000
  • Publication Date 10/01/2015
  • Event Date 08/22/2015
  • Party 1 Castro Properties
  • Party 1 Brokerage DTZ
  • Party 1 Broker Mark Biosi, Bryan Biosi
  • Party 2 Eataly
  • Party 2 Brokerage CBRE
  • Party 2 Broker Roshan Shah, Keith Caggiano
notes
Eataly signed a 15-year lease to relocate its office space.
  • Event Office Leasing
  • Address 1250 Broadway
  • Neighborhood Midtown South
  • Borough Manhattan
  • Square feet 11,600
  • Event Office Leasing
  • Address 5 Hanover Square
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 14,126
  • Event Office Leasing
  • Address 477 Madison Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 8,200
  • Event Office Leasing
  • Address 530 Seventh Avenue
  • Neighborhood Garment District
  • Borough Manhattan
  • Square feet 9,000
  • Event Office Leasing
  • Address 250 Park Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 8,100
  • Event Office Leasing
  • Address 1325 Sixth Avenue
  • Neighborhood Midtown West
  • Borough Manhattan
  • Square feet 53,110
  • Event Office Leasing
  • Address 40 East 52nd Street
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 4,575
  • Publication Date 06/01/2015
  • Event Date 04/22/2015
  • Party 1 Brokerage Rudin Management
  • Party 1 Broker Robert Steinman
  • Party 2 Eric Mower + Associates
  • Party 2 Brokerage DTZ
  • Event Office Leasing
  • Address 40 East 52nd Street
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 7,808
  • Publication Date 06/01/2015
  • Event Date 04/22/2015
  • Party 1 Brokerage Rudin Management
  • Party 1 Broker Robert Steinman
  • Party 2 Madison Marquette
  • Party 2 Brokerage DTZ
  • Event Office Leasing
  • Building Name 119-125 West 24th Street
  • Address 119 West 24th Street
  • Neighborhood Chelsea
  • Borough Manhattan
  • Square feet 83,686
  • Event Office Leasing
  • Address 12 East 49th Street
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 8,846
  • Publication Date 03/23/2015
  • Event Date 02/11/2015
  • Party 1 Kato International
  • Party 1 Brokerage in-house
  • Party 1 Broker Robert Bakst
  • Party 2 DTZ
  • Party 2 Brokerage Black River Asset Management
  • Event Office Leasing
  • Address 110 East 42nd Street
  • Neighborhood Murray Hill
  • Borough Manhattan
  • Square feet 20,966
notes
The test preparation services company signed a new 10-plus-year lease for the entire seventh floor.
  • Event Office Leasing
  • Address 1350 Broadway
  • Neighborhood Garment District
  • Borough Manhattan
  • Square feet 4,933
notes
The professional services firm signed a new lease.
  • Event Office Leasing
  • Address 1350 Broadway
  • Neighborhood Garment District
  • Borough Manhattan
  • Square feet 3,428
  • Publication Date 07/01/2014
  • Event Date 05/22/2014
  • Party 1 Empire State Realty Trust
  • Party 1 Brokerage Newmark Grubb Knight Frank, Empire State Realty Trust
  • Party 1 Broker William Cohen, Neil Rubin, Andrew Weisz, Ryan Kass
  • Party 2 MWH Americas
  • Party 2 Brokerage DTZ
  • Party 2 Broker Giorgio Versea, Chris Sterling
notes
The professional services firm signed a new lease.
  • Event Office Leasing
  • Building Name Tower 45
  • Address 120 West 45th Street
  • Neighborhood Times Square
  • Borough Manhattan
  • Square feet 17,922
  • Publication Date 06/01/2014
  • Event Date 04/22/2014
  • Party 1 SL Green Realty
  • Party 1 Brokerage In-house
  • Party 2 Curex Group Holdings
  • Party 2 Brokerage DTZ
  • Party 2 Broker Dirk Hrobsky
notes
The financial technology company signed a lease renewal on the 22nd floor and expanded onto the 23rd floor.
  • Event Office Leasing
  • Address 31 Penn Plaza
  • Neighborhood Garment District
  • Borough Manhattan
  • Square feet 6,228
notes
The consumer market research firm signed a seven-year lease for part of the fourth floor.
  • Event Office Leasing
  • Address 757 Third Avenue
  • Neighborhood Midtown East
  • Borough Manhattan
  • Square feet 130,357
notes
The professional services firm signed a 15-year, 10-month lease for the entire second, third, fourth and ninth floors and part of the fifth floor. The tenant is relocating from 666 Third Avenue.
  • Event Office Leasing
  • Address 21 West 38th Street
  • Neighborhood Garment District
  • Borough Manhattan
  • Square feet 4,465
  • Price per foot $ 44.00
notes
The office furniture company signed a lease for the entire 16th floor.
  • Event Retail Leasing
  • Address 600 West 42nd Street
  • Neighborhood Clinton
  • Borough Manhattan
  • Square feet 6,500
notes
The pet care facility signed a 10-year lease at Silver Towers. The reported asking rent was $75 per square foot.
  • Event Office Leasing
  • Address 31 Penn Plaza
  • Neighborhood Garment District
  • Borough Manhattan
  • Square feet 20,958
  • Publication Date 12/01/2013
  • Event Date 10/22/2013
  • Party 1 Savanna
  • Party 1 Brokerage In-house
  • Party 2 Dewberry Engineers
  • Party 2 Brokerage DTZ
  • Party 2 Broker Chris Helgesen
notes
The professional services firm signed a new lease for part of the third floor.
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...was acquired by European real estate services firm DTZ...

...billion and merged it with the global firm DTZ. Moreover, the company has a new CEO — former CBRE chief Brett White. While White...

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

09/22/15
...Organization. Dirk Hrobsky, executive vice president at brokerage DTZ, said large lease signings are down year to date from 2014, but the number of...

...compared with the yearly average. The brokerage firm DTZ analyzed all new space that hit the market over the past year, and found...

...of the New York office of commercial brokerage DTZ. Hrobsky declined to identify which technology clients he’s representing. “Some of the high-tech...

...team representing RFR, the New York Post said. DTZ Americas’ Mike Christian, Gregg Espach and Chris Helgesen repped the tenant. “Certain kinds of...

...end of last year, according to commercial firm DTZ. The overall asking rent in Manhattan was $59.80 per square foot, down from $60.62 in December...

...percent, according to figures from global commercial firm DTZ. “Leasing is slow and steady,” said Chris Helgesen, a managing director in the New...

...director of the New York office for brokerage DTZ. Despite the Jefferies deal and other transactions, the overall Manhattan availability rate — which tracks...

Market Report
...full report online here. August 2015 Manhattan office leasing: DTZ...

...full report online here. June 2015 Manhattan office leasing: DTZ...

...full report online here. Q2 2015 Manhattan office leasing: DTZ...

...full report online here. May 2015 Manhattan office leasing: DTZ...

...full report online here. March 2015 Manhattan office leasing: DTZ...

...full report online here. February 2015 Manhattan office leasing: DTZ...
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