The burgeoning brokerage Lee & Associates is adding more brokers, including another executive from the bankrupt real estate services company Grubb & Ellis, executives at the firm revealed.
Robert Kunikoff, a retail leasing executive at Grubb & Ellis, will be moving over to Lee & Associates starting this week the executives said.
Is he the most prolific attorney in the city you’ve never heard about?
Still, it’s possible to lose track of just how many deals Fried Frank partner Meyer Last inked in 2011. Call it the Jon Mechanic effect.
The Lease Beat
The law firm Milbank Tweed, Hadley & McCloy LLP is negotiating to renew its lease at the downtown office building 1 Chase Manhattan Plaza, sources said.
The firm occupies 375,000 square feet on several floors at the property, which is owned by the bank JP Morgan Chase. Rents in the deal were not available by press time. The lease is a change in plans for the company.
The Lease Beat
Since investing $161 million to take 28 West 44th Street off SL Green’s hands last summer, landlord APF Properties has wasted little time in making upgrades to the 370,000-square-foot asset.
APF Properties re-named the property “The Club Row Building,” a nod to the blue-blooded Ivy League clubs (Harvard, Yale, Princeton, et al) that inhabit the neighboring Club Row, and pledged $18 million in capital improvements, including the lobby and entrances designed by Moed de Armas & Shannon.
Garan Incorporated, an apparel company owned by Warren Buffett, has signed a 50,000-square-foot deal to relocate from the Empire State Building to 200 Madison Avenue.
Nomura, the most-watched tenant on the market right now, is close to finally signing a 700,000-square-foot deal at George Comfort & Sons’ Worldwide Plaza, numerous sources told The Observer.
In almost any other scenario, we would assume that if five top brokers have all heard such news it must be true, but with so many Read More
In one of the largest transactions of the past year, New York Life has signed a long-term renewal for its 415,000-square-foot offices at 63 Madison Avenue.
It may just be a plain vanilla renewal, but in a tepid market, this was the second largest lease of 2009, on the heels of Paul Weiss’s 550,000-square-foot renewal Read More
When Worldwide plaza was completed in 1989, the West Side conjured thoughts of West Side Story, not high-end office space.
Fast-forward 20 years, and the sale of Worldwide Plaza—the 47-story granite and brick edifice that towers above Hell’s Kitchen, spanning 49th and 50th streets and Eighth and Ninth avenues—has been 2009’s biggest New York City Read More
As conditions in Manhattan’s commercial market grow grimmer, one question continues to dog investors: Where’s the debt and how can I break me off a piece?
The Manhattan office market dropped 22.9 percent between the second quarters of 2008 and 2009, according to the Moody’s/REAL Commercial Property Price September Indices, compared to 30.1 percent regionally Read More
At long last, after one of the longer courtships in recent history, George Comfort & Sons has completed its purchase of Harry Macklowe’s old Worldwide Plaza, at 825 Eighth Avenue.
Last month, after it was publicly revealed that George Comfort was in contract for the 47-story office complex, after George Comfort and its investment partners Read More