lease beat

100 Church Street. (Courtesy Property Shark)

EXCLUSIVE: Law Dept. Renewal a Vote of Confidence for 100 Church Street

The New York City Law Department is renewing a roughly 280,000-square-foot-lease at 100 Church Street, The Commercial Observer has learned.

The department, which represents the city, the Mayor and all city agencies in both civil and criminal litigation cases, occupies several floors at 100 Church Street, a roughly 1.1-million-square-foot building in Lower Manhattan where the office has based its operations since 1978. Read More

lease beat

Getting Sirius at SL Green's 100 Church

The mystery midtown media tenant that wants to fill SL Green’s 100 Church Street has been revealed as Sirius XM Radio. 

The Observer has learned last week that someone was coming to fill the empty space, which would amount to more than 250,000 square feet, or 180,000 square feet of contiguous space. SL Green bought Read More

How Does He Manage?

The Commercial Observer: Things seem to be looking up for SL Green. Just recently your stock went up.

Mr. Piccinich: You talk about the economic downturn, when we went into the single-digit range, and where we’ve climbed now—I see it as the same experience we had eight years ago, when Read More

Newmark Knight Frank Pounds Its Chest

Jimmy Kuhn, president of brokerage Newmark Knight Frank, was in a chipper mood on Monday morning. And who could blame him? New York commercial real estate may be about as cadaverous a field as New York media, but Newmark has been winning some notable battles in the ceaseless blood feud between city brokerages.

Newmark has Read More

Holy Cow! Downtown’s Biggest Leasing Challenge

Just as workers were milling about 100 Church Street’s famously gaudy lobby at lunch hour on Aug. 26, an official from the Department of Buildings began plastering two violation notices in the windows of Bank of America on the ground floor. The citation faulted “signage,” in this case a racy advertisement for a teenage television Read More

Claremont Prep Looking at 200K Feet in 25 Broadway

The Claremont Preparatory high school is negotiating for about 200,000 square feet at the Cunard Lines Building at 25 Broadway, according to sources familiar with negotiations. If inked, it would be one of 2009’s biggest commercial leases.

Claremont, one of educational firm MetSchool’s handful of for-profit private academies in New York City, earlier this year Read More