It was a dramatic growth spurt that prompted Aegis Media to reconsider its commercial real estate options in New York 18 months ago. But it was a commitment by the group’s landlord that ultimately convinced the London-based digital media company to renew its lease at 150 East 42nd Street. Read More
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Hulu.com has expanded its space at 276 Fifth Avenue, adding 4,710 square feet on the fifth floor, the Commercial Observer has learned. Read More
Three transactions valued at 17,000 square feet were inked at 60 Bay Street in Staten Island, it was announced Monday. The 10-story Class-A office building is located across the street from the $220 million new Staten Island courthouse set to open in 2012. Read More
The DeSola Group, a marketing and public relations firm, has sublet 6,300 square feet at 120 Wall Street from the American Vacuum Society in a six-and-a-half-year lease, Robert Wizenberg, a broker at CB Richard Ellis who represented DeSola, told The Commercial Observer last week. The firm will move from 1 Penn Plaza into the entire 32nd floor of the skyscraper, which has long been a hub for nonprofit organizations. Read More
Plural Capital finalized a lease for nearly 4,000 square feet at 545 Madison Avenue, LCOR’s LEED-certified Plaza district building, brokers told The Commercial Observer. Following a flurry of recent leases at the modern glass tower, Plural Capital, a Brazilian financial services firm, took the entire eighth floor, a prebuilt space, in the 142,000-square-foot building. Read More
Earlier this month, Matt Van Buren stepped into his role as CB Richard Ellis’s president of the tristate region. With the new title, Mr. Van Buren’s oversight duties have grown from operations at the firm’s midtown headquarters to its activities across Long Island, Connecticut, upstate New York and Northern Jersey. The former executive managing director, 52, interrupted his vacation to talk shop. Read More
CB Richard Ellis’ Capital Markets Group has secured a $380 million loan for the recapitalization of Chelsea Market, the mixed-use property at 75 Ninth Avenue in Manhattan, brokers told The Commercial Observer. Read More
Augusta Columbia Capital, a recently launched investment firm, has signed a five-year, 7,281-square-foot lease at 130 East 59th Street.
The tenant sought to open its doors quickly and the UJA Organization-owned building offered a high-end pre-built installation that fit its needs, brokers said. The direct lease, which will begin this month after the firm vacates its temporary space at 345 Park Avenue, will encompass a portion of the 17-story building’s 14th floor at an asking rent of approximately $53 per square foot. Read More
Crain’s is out with its 50 Most Powerful Women in New York list, and CB Richard Ellis regional CEO and Real Estate Board of New York chair Mary Ann Tighe takes the top spot.
And you know exactly why. Read More
CB Richard Ellis New York Tri-State Region President Mitchell Rudin is leaving the firm to be U.S. chief executive of Brookfield Office Properties, by far downtown’s largest landlord, whose properties include the World Financial Center.
“It is never an easy decision to leave a place as special as CBRE, but I was presented with a rare Read More
