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Roland Li

By Roland Li 1/01 7:06pm

Westward Whoa!

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Can Stephen Ross Make 11th Avenue the Next Hot Address?

On a recent evening at the 92nd Street Y, Stephen Ross, chairman of the Related Companies, reflected on four decades of transformation—for the city, where he has built more apartments than almost any other developer of his generation, and also for himself. In September, Mr. Ross, 72, stepped down as the CEO of the once-humble affordable housing outfit he transformed into a luxury real estate behemoth.

Not that he’s stepping aside. There he was a few weeks later, alongside Mayor Bloomberg and Council Speaker Christine Quinn on the formerly desolate Far West Side, breaking ground on the Hudson Yards project, a glass and steel city within a city that is actually larger, in terms of square footage, than downtown Portland or downtown Baltimore. Read More

By Roland Li 7/12/10 9:17pm

30 Rock Premiere! South African Retailer Opening This Fall

30 Rockefeller Plaza

Alec Baldwin might be leaving the hit television show 30 Rock in 2012, but at least the building will have Rain Africa. The South African bath, body and home retailer is taking 1,247 square feet at 30 Rockefeller Plaza.

Michael Stone of Cushman & Wakefield represented the tenant. Read More

By Roland Li 7/12/10 9:17pm

Citibank to Blow Past Half-Century Mark at 411 Fifth

411 Fifth Avenue

Citibank has signed a 15-year renewal at 411 Fifth Avenue, where it has occupied space for 46 years. A branch office will occupy the ground floor and mezzanine, and the bank will also use part of the basement. The building will undergo light renovations, but they won’t affect business. Read More

By Roland Li 7/12/10 9:16pm

Joymaker Diageo Takes Two Floors at Moinian’s 530 Fifth

530 Fifth Avenue

Booze juggernaut Diageo North America has leased 56,156 square feet at 530 Fifth Avenue, taking the entire fourth floor and part of the third for five years. The Connecticut-based company has more than 20,000 employees in 80 countries and produces a variety of spirits wine and beer. Guinness, anyone? Read More

By Roland Li 7/12/10 9:16pm

True Religion Scampers to MePa with Gansevoort Deal

71 Gansevoort Street

The shoemaker True Religion Footwear, which featured omega signs in its collection from 2008, has signed a 4,617-square-foot lease on the third floor of 71 Gansevoort Street in the meatpacking district.

Isaac Kashanian of Metropolitan Property Group represented the tenant. Darryl Romanoff represented the landlord, Romanoff Equities, in-house.

By Roland Li 7/12/10 9:15pm

Skin Care Concern Takes Floor at W&H’s One Grand Central

One Grand Central Place

Skin care distributor Ales Group USA Inc. has signed a lease for 9,400 square feet, taking the entire 54th floor at One Grand Central Place for its U.S. headquarters. The company is a subsidiary of Parisian company Ales Groupe, and will relocate from 1350 Avenue of the Americas Read More

By Roland Li 7/07/10 2:23pm

Have It Up, 25 C.P.W.! Jazz Bar Closer to Liquor License

Community Board 7 voted on Tuesday night to recommend a liquor license for a proposed bar at The Century at 25 Central Park West, at West 63rd Street, despite opposition from residents of the area.

The move comes with the stipulation that the bar and its managing partner, Greg Hunt, adhere to a list of 14 Read More

By Roland Li 7/06/10 2:15pm

TransitCenter Spreads Out at Blackstone’s 1065 Sixth

1065 Avenue of the Americas

Nonprofit TransitCenter, which initiated the first commuter benefits program in the country, has expanded its headquarters at 1065 Avenue of the Americas to 34,083 square feet on the fifth floor. The organization previously occupied 27,000 square feet on the 16th floor and part of the seventh floor. Read More

By Roland Li 7/06/10 2:14pm

Hedge Fund Servicer Takes Built-Out Sublease at 420 Fifth

420 Fifth Avenue

Hedge fund specialist Reval.com has subleased 29,406 square feet on the fifth floor of 420 Fifth Avenue. The company was previously at 100 Broadway. Reval decided to move based on a need for more space, following a two-year company expansion, and began searching in 2009. It will sublease the Read More

By Roland Li 7/06/10 2:14pm

Credit Analysts Double Space at Sherwood’s 370 Lex

370 Lexington Avenue

Credit Market Analysis Limited (CMA) doubled its space from 3,695 to 8,144 square feet at Sherwood Equities‘ 370 Lexington Avenue. CMA will move from the seventh floor to the second floor.

David Amsterdam and Rob Lowe of Cushman & Wakefield and Holly Duran and Lois Durkin of Holly Read More