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Daniel Geiger

By Daniel Geiger 2/29/12 3:46pm

lease beat

Time Warner Center. (Courtesy Property Shark)

C. Wonder Deal Inked at Time Warner Center

C. Wonder, the preppy apparel and accessories retailer launched last year by designer Tory Burch’s ex husband, Christopher Burch, has signed on for a space at Time Warner Center, according to sources familiar with the deal.

The store, which opened another Manhattan store last October in Soho, will take about half of the roughly 15,000 square feet formerly occupied by the now-defunct bookstore chain Borders on the retail complex’s second floor. Read More

By Daniel Geiger 2/28/12 1:26pm

lease beat

100 fifth

Knewton Signs Lease on Fifth Avenue

The wave of tech tenant leasing deals in Midtown South continues.

Knewton Inc., a provider of sophisticated online-based learning and education programs for students and test takers, has signed a 16,000-square-foot lease at 100-104 Fifth Avenue, an office building owned by the Kaufman Organization. The term of the deal, which is for the 20-story building’s entire eighth floor, stretches ten years. Asking rents for the space were $55 per square foot. Read More

By Daniel Geiger 2/27/12 9:30am

power broker

Robert-Knakal

By the Numbers: Robert Knakal and the Statistics Behind his Success

Robert Knakal has long had a simple philosophy about selling real estate.

The way he sees it, there are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller at the right time. Read More

By Daniel Geiger 2/23/12 1:26pm

Investment Sales

191-11 Woodhull Avenue

Zara Realty Acquires Queens Portfolio

Zara Realty has acquired a five-building portfolio of apartment buildings in Queens for $39 million from the large residential real estate owner Urban American.

Ken Subraj, an executive and principal at Zara, confirmed the deal and said that his company was drawn to the buildings because they are both similar and closely located to the company’s existing holdings. Read More

By Daniel Geiger 2/23/12 9:00am

lease beat

Broadway Dance Center.

Dance Center Pirouettes Into New Space

Broadway Dance Center has expanded its lease at 321 West 44th Street to about 30,000 square feet.

The school and studio, which has its entrance on the 230,000 square foot building’s 45th Street side entryway, which goes by the address 322 West 45th Street, offers both classes for beginners and workshops for seasoned dancers alike taught by acclaimed professionals. Read More

By Daniel Geiger 2/22/12 5:30pm

Agency Shifts

Nothing Sacred but the Truth.

Mirante’s Cushman Team Tapped as Leasing Agent at 321 44th Street

Kushner Companies has named a team from the real estate services firm Cushman & Wakefield as the new leasing agent for 321 West 44th Street, the asset that houses The New York Observer.

Arthur Mirante, C&W’s former chief executive who is now a top dealmaker at the firm, will lead leasing at the property along with C&W executives Jeff Lichtenberg and Joshua Goldman.

C&W will be replacing a team from Colliers International.

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By Daniel Geiger 2/22/12 8:30am

On the Market

75 Rockefeller Plaza.

Al Fayed Shopping 75 Rockefeller Plaza

The real estate investor and British department store tycoon Mohamed Al Fayed is exploring a sale of the Manhattan office tower 75 Rockefeller Plaza.

According to executives who have been briefed on the offering, Mr. Al Fayed is aiming to negotiate a leasehold of the property in which he would continue to own the land under the 600,000-square-foot building and collect rent but put control of the asset in the hands of an investor. Read More

By Daniel Geiger 2/21/12 4:48pm

lease beat

ddd

Coffee Shop and Attractive Waiters Ink Renewal Deal at 27 Union Square West

The popular Union Square eatery The Coffee Shop has renewed its retail lease at its long time home at 27 Union Square West and also office space it has upstairs in the building.

The deal totals about 20,000 square feet and stretches for ten-years, according to Eric Gural, an executive at the real estate services firm Newmark Knight Frank who oversees leasing at the property and whose family owns the nearly 50,000-square-foot box-shaped, boutique building.
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