Lease of the Week
Lease of the Week
It would have been easy for Lou D’Avanzo and his Cushman & Wakefield leasing team to rest on their laurels.
While Condé Nast’s million-square-foot lease at 1 World Trade Center last year has become a dominant emblem of downtown’s resurgence as a popular destination for office tenants, the C&W group’s lease-up of 77 Water Street has also etched its way into recent lore in the neighborhood.
Eager to extend its reach beyond the West Coast, Redwood City-based provider of interactive email and social media marketing solutions, StrongMail Systems, crept into Manhattan’s growing technology scene the fastest way it knew how: by acquiring the New York-based design firm Magnetik and consolidating in New York.
By the end of 2010, in fact, StrongMail had taken such advantage of Magnetik’s business ties and staff—not to mention 2,000 square feet of office space at 350 Seventh Avenue—that making inroads into Manhattan’s so-called Silicon Alley was beginning to seem easy.
So when StrongMail began to outgrow Magnetik’s footprint a year later, the marketing firm’s top officials approached brokers at the Kaufman Organization for a quick solution.
Earlier today, it was announced that Swedish construction giant Skanska had signed a 16,000-square-foot lease at 519 Eighth Avenue. Here’s how The Commercial Observer broke the news on Nov. 2 through various backchannels.
26 West 17th Street
With tech companies popping up in new offices faster than tweets on our Twitter feed, it never occured to us it’s actually not easy for them to find space.
But many landlords in the city were burned when the last tech boom went bust and dozens of tenants couldn’t pay Read More
If you’ve ever dusted off your Motley Crüe cassettes and wondered, “Are they still alive?,” we have news for you. The marketing gurus for your favorite `80s hair band have landed some sweet Flatiron digs.
Tenth Street Entertainment has helped revive many a flatlining career, including that of the Crüe, Blondie, Steven Tyler, Royal Underground and even Duke Ellington (who, Read More
The Core Group, whose role in the Selling New York realty reality series might just inspire a generation of eager young residential brokers, is expanding.
The firm has taken 5,500 square feet for 10 years at the Kaufman Organization’s 100-104 Fifth Avenue. The brokers who hawk high-priced apartments with a certain Miami Beach flair also have a retail location at 127 Read More
Heidi Klum and Tim Gunn may have strutted into 1407 Broadway last winter, but the building has proven that it’s no prisoner of fashion tenants.
In late 2009, high-end TV pageant Project Runway leased 12,000 square feet in the garment district building for six weeks-even though the Lightstone Group had planned to transform Read More
Imagine leaving the business you had helped develop over the course of 25 years and choosing not to retire but, instead, to dive headfirst into the choppy and unfamiliar waters of commercial real estate–all at the ripe age of 52.
For Howard Rosenblum, a Queens native who until three years ago had only the Read More
Geneva Watch Group is taking its high-end horology operation from the industrial environs of Long Island City to 1407 Broadway, a building in the midst of returning to its garment-industry roots.
When The Lightstone Group bought 1407 Broadway, a 1.1 million-square-foot scraper between 38th and 39th streets, in January Read More