By Patrick Clark 9/04/12 12:28pm

big spender

Mr. Walter

Guggenheim Partners Outbids Ryan Seacrest, Buys Dick Clark Productions for $370 Million

Mad Mark Walter is at it again, as Guggenheim Partners finalized a deal to acquire Dick Clark Productions, or DCP, for $370 million, well beyond what other bidders were apparently willing to pay.

Mr. Walter, chief executive officer of the privately-owned financial firm, led a group that paid $2 billion for the Los Angeles Dodgers this spring, a price that was reportedly hundreds of millions of dollars more than the best offers at which rival groups were able to arrive. Read More

By Daniel Geiger 12/27/11 11:20am

lease beat

330 Madison Avenue

Guggenheim Partners Seals Deal at 330 Madison Avenue

Guggenheim Partners, an investment firm that grew from administering the vast private wealth of the Guggenheim family in the early 1900s to a multifaceted financial firm, has signed a large lease at 330 Madison Avenue for its New York headquarters, sources revealed.

The deal comes one month after The Commercial Observer first reported that Guggenheim was looking to take space at the building in November. Read More

By Dan Geiger 12/07/11 10:00am

The Lease Beat

1740

EXCLUSIVE: Victoria's Secret Owner Adds 100K

Limited Brands Inc., an apparel company that owns several major retailers including Victoria’s Secret and Bath and Body Works, has reached a deal to add nearly 100,000 square feet of space at 1740 Broadway, a building owned by Vornado.

Limited Brands will take floors 14 through 17 in the expansion and will now occupy about 500,000 square feet in the roughly 700,000 square foot property. The company, formerly known as The Limited, is represented by a team from the real estate services firm CBRE, led by CBRE’s New York area Chief Executive Mary Ann Tighe and executives Eric Deutsch and Ken Meyerson. Read More

By Dan Geiger 11/21/11 2:16pm

The Lease Beat

Guggenheim's Madison Avenue trophy.

EXCLUSIVE: Guggenheim Partners to Relocate 222,000 SF to Madison Avenue

Guggenheim Partners is looking to bring its New York headquarters to 330 Madison Avenue, sources told The Commercial Observer this afternoon.

The investment and financial services firm would take several floors in the base of the Vornado Realty-owned tower. Estimates vary how much space Guggenheim could fill in the building, but several people with knowledge of the firm’s requirements pinned the potential deal at 220,000 square feet or larger. Read More