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	<title>Observer &#187; Lease Beat</title>
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		<title>Observer &#187; Lease Beat</title>
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		<title>In a Reversal, Brooklyn Cheese Shop Expands In Manhattan</title>

		<comments>http://observer.com/2011/10/in-a-reversal-brooklyn-cheese-shop-expands-in-manhattan-2/#comments</comments>
		<pubDate>Thu, 20 Oct 2011 14:04:36 -0400</pubDate>
					<link>http://observer.com/2011/10/in-a-reversal-brooklyn-cheese-shop-expands-in-manhattan-2/</link>
			<dc:creator>Guelda Voien</dc:creator>
				
		<guid isPermaLink="false">http://www.observer.com/?p=192840</guid>
		<description><![CDATA[<p>It’s the decade of Brooklyn, and while The New York Times may have only recently discovered the borough—according to Brian Williams, at least—it has lately become the leading exporter of artisanal eateries to Manhattan.</p>
<p>Zak Pelaccio’s Williamsburg hotspot Fatty ‘Cue opened its West Village outpost last month, and, now, <strong>Bedford Cheese Shop</strong>—probably Brooklyn’s most noted cheese monger—has signed a 15-year lease at <strong>67 Irving Place</strong>.</p>
<p><!--more-->Besides grabbing 5,000 square feet of high-end retail space in Gramercy  Park near Mario Batali’s Bar Jamon and historic Pete’s Tavern, the cheese purveyor’s landlord has also agreed to modify the space to make it <em>more Williamsburg-y</em>.</p>
<p>“The doors and façade will be changed. We’ll make it more suitable to Williamsburg clients,” said <strong>George Constantin</strong>, Principal at <strong>Heritage Realty Services</strong>, the operator of 67 Irving Place.</p>
<p>The landlord is a high net-worth European family, which owns the building through a corporation in the Netherlands, said Mr. Constantin.</p>
<p>The boutique cheese purveyor, which currently operates at 229 Bedford   Avenue, will pay $240,000 in annual rent, or about $80 per square foot. They plan to offer cheese classes and charcuterie in addition to lots of  fromage at the new location.</p>
<p>The 12-story, 46,000-square-foot Gramercy Park address is home to retail and commercial tenants, and close to the Union   Square subway station.</p>
<p><strong>Al Lawrence</strong> of <strong>Heritage Realty Services</strong> represented the landlord, <strong>Puble N.V.</strong>, and <strong>David Chaiken</strong> of <strong>Sunburst Advisors</strong> represented the tenant.</p>
]]></description>
		<content:encoded><![CDATA[<p>It’s the decade of Brooklyn, and while The New York Times may have only recently discovered the borough—according to Brian Williams, at least—it has lately become the leading exporter of artisanal eateries to Manhattan.</p>
<p>Zak Pelaccio’s Williamsburg hotspot Fatty ‘Cue opened its West Village outpost last month, and, now, <strong>Bedford Cheese Shop</strong>—probably Brooklyn’s most noted cheese monger—has signed a 15-year lease at <strong>67 Irving Place</strong>.</p>
<p><!--more-->Besides grabbing 5,000 square feet of high-end retail space in Gramercy  Park near Mario Batali’s Bar Jamon and historic Pete’s Tavern, the cheese purveyor’s landlord has also agreed to modify the space to make it <em>more Williamsburg-y</em>.</p>
<p>“The doors and façade will be changed. We’ll make it more suitable to Williamsburg clients,” said <strong>George Constantin</strong>, Principal at <strong>Heritage Realty Services</strong>, the operator of 67 Irving Place.</p>
<p>The landlord is a high net-worth European family, which owns the building through a corporation in the Netherlands, said Mr. Constantin.</p>
<p>The boutique cheese purveyor, which currently operates at 229 Bedford   Avenue, will pay $240,000 in annual rent, or about $80 per square foot. They plan to offer cheese classes and charcuterie in addition to lots of  fromage at the new location.</p>
<p>The 12-story, 46,000-square-foot Gramercy Park address is home to retail and commercial tenants, and close to the Union   Square subway station.</p>
<p><strong>Al Lawrence</strong> of <strong>Heritage Realty Services</strong> represented the landlord, <strong>Puble N.V.</strong>, and <strong>David Chaiken</strong> of <strong>Sunburst Advisors</strong> represented the tenant.</p>
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		<title>High-End Coffee Outfit Signs with Harbor</title>

		<comments>http://observer.com/2011/09/high-end-coffee-outfit-signs-with-harbor/#comments</comments>
		<pubDate>Mon, 12 Sep 2011 16:06:04 -0400</pubDate>
					<link>http://observer.com/2011/09/high-end-coffee-outfit-signs-with-harbor/</link>
			<dc:creator></dc:creator>
				
		<guid isPermaLink="false">http://www.observer.com/?p=183239</guid>
		<description><![CDATA[<p><strong><a href="http://nyoobserver.files.wordpress.com/2011/09/coffeebean1.jpg"><img class="alignleft size-thumbnail wp-image-183244" style="margin-left: 10px; margin-right: 10px;" title="coffeebean" src="http://nyoobserver.files.wordpress.com/2011/09/coffeebean1.jpg?w=150&h=150" alt="" width="150" height="150" /></a>Coffee Bean &amp; Tea Leaf</strong>, which is a purveyor of bowling balls (seriously, though, they sell coffee), has signed a <strong>1,500-square-foot</strong> retail lease on the ground floor of <strong>1412 Broadway</strong>.</p>
<p>The deal at the base of the 24-story, <strong>Harbor Group International</strong>-owned building brings occupancy to 95 percent occupancy, brokers told <em>The Commercial Observer</em>. The company, which operates at 750 locations worldwide, has, until now, not peddled its iced coffee, green teas or signature brews from a Manhattan store.<!--more--></p>
<p>“We are very pleased that a world-renowned brand sought us out for its New York flagship,” said Jordan Slone, chairman and chief executive of Harbor International, who added that the deal was a direct transaction between the landlord and tenant. “The property has quickly become a success story for HGI, and in the nine months since its acquisition has already achieved a high level of occupancy.”</p>
<p><em>jsederstrom@observer.com</em></p>
]]></description>
		<content:encoded><![CDATA[<p><strong><a href="http://nyoobserver.files.wordpress.com/2011/09/coffeebean1.jpg"><img class="alignleft size-thumbnail wp-image-183244" style="margin-left: 10px; margin-right: 10px;" title="coffeebean" src="http://nyoobserver.files.wordpress.com/2011/09/coffeebean1.jpg?w=150&h=150" alt="" width="150" height="150" /></a>Coffee Bean &amp; Tea Leaf</strong>, which is a purveyor of bowling balls (seriously, though, they sell coffee), has signed a <strong>1,500-square-foot</strong> retail lease on the ground floor of <strong>1412 Broadway</strong>.</p>
<p>The deal at the base of the 24-story, <strong>Harbor Group International</strong>-owned building brings occupancy to 95 percent occupancy, brokers told <em>The Commercial Observer</em>. The company, which operates at 750 locations worldwide, has, until now, not peddled its iced coffee, green teas or signature brews from a Manhattan store.<!--more--></p>
<p>“We are very pleased that a world-renowned brand sought us out for its New York flagship,” said Jordan Slone, chairman and chief executive of Harbor International, who added that the deal was a direct transaction between the landlord and tenant. “The property has quickly become a success story for HGI, and in the nine months since its acquisition has already achieved a high level of occupancy.”</p>
<p><em>jsederstrom@observer.com</em></p>
]]></content:encoded>
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		<title>Finance Firm Expands in Trinity’s 100 A of A</title>

		<comments>http://observer.com/2011/09/finance-firm-expands-in-trinitys-100-a-of-a/#comments</comments>
		<pubDate>Mon, 12 Sep 2011 16:00:42 -0400</pubDate>
					<link>http://observer.com/2011/09/finance-firm-expands-in-trinitys-100-a-of-a/</link>
			<dc:creator></dc:creator>
				
		<guid isPermaLink="false">http://www.observer.com/?p=183223</guid>
		<description><![CDATA[<p><a href="http://nyoobserver.files.wordpress.com/2011/09/100-ave-of-amer-11.jpg"><img class="alignleft size-medium wp-image-183232" style="margin-left: 10px; margin-right: 10px;" title="100 Ave of Amer (1)" src="http://nyoobserver.files.wordpress.com/2011/09/100-ave-of-amer-11.jpg?w=230&h=300" alt="" width="230" height="300" /></a><strong>Two Sigma Investments</strong>, an international finance and technology firm, has inked a five-year lease at <strong>100 Avenue of the Americas </strong>that will allow the company to expand from its current 38,332 square feet, brokers told <em>The Commercial Observer</em>.<!--more--></p>
<p>The deal for <strong>76,483 square feet</strong> will allow the company to expand to a total of 114,815 feet on the Trinity Real Estate-owned asset’s fourth, seventh, eighth, 15th and 16th floors. Asking rent at the building is in the <strong>mid-$40s-per-square-foot</strong> range. The deal—which brings the building to 100 percent occupancy—was handled by <strong>Peter Fontanetta </strong>and <strong>Marc Packman</strong> of <strong>Trinity Real Estate</strong>.</p>
<p>“While Hudson Square has emerged as a hub for creative, media and arts tenants, Two Sigma’s expansion underscores the neighborhood’s appeal to a broad spectrum of businesses,” said Jason Pizer, president of Trinity, in a statement. “This area is home to a rapidly diversifying community of tenants and we are delighted to count Two Sigma among them.”</p>
<p><em>jsederstrom@observer.com</em></p>
<p>&nbsp;</p>
]]></description>
		<content:encoded><![CDATA[<p><a href="http://nyoobserver.files.wordpress.com/2011/09/100-ave-of-amer-11.jpg"><img class="alignleft size-medium wp-image-183232" style="margin-left: 10px; margin-right: 10px;" title="100 Ave of Amer (1)" src="http://nyoobserver.files.wordpress.com/2011/09/100-ave-of-amer-11.jpg?w=230&h=300" alt="" width="230" height="300" /></a><strong>Two Sigma Investments</strong>, an international finance and technology firm, has inked a five-year lease at <strong>100 Avenue of the Americas </strong>that will allow the company to expand from its current 38,332 square feet, brokers told <em>The Commercial Observer</em>.<!--more--></p>
<p>The deal for <strong>76,483 square feet</strong> will allow the company to expand to a total of 114,815 feet on the Trinity Real Estate-owned asset’s fourth, seventh, eighth, 15th and 16th floors. Asking rent at the building is in the <strong>mid-$40s-per-square-foot</strong> range. The deal—which brings the building to 100 percent occupancy—was handled by <strong>Peter Fontanetta </strong>and <strong>Marc Packman</strong> of <strong>Trinity Real Estate</strong>.</p>
<p>“While Hudson Square has emerged as a hub for creative, media and arts tenants, Two Sigma’s expansion underscores the neighborhood’s appeal to a broad spectrum of businesses,” said Jason Pizer, president of Trinity, in a statement. “This area is home to a rapidly diversifying community of tenants and we are delighted to count Two Sigma among them.”</p>
<p><em>jsederstrom@observer.com</em></p>
<p>&nbsp;</p>
]]></content:encoded>
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		<title>Upscale Footwear Walks Into 807 Washington</title>

		<comments>http://observer.com/2011/09/upscale-footwear-walks-into-807-washington/#comments</comments>
		<pubDate>Tue, 06 Sep 2011 16:00:26 -0400</pubDate>
					<link>http://observer.com/2011/09/upscale-footwear-walks-into-807-washington/</link>
			<dc:creator></dc:creator>
				
		<guid isPermaLink="false">http://www.observer.com/?p=181610</guid>
		<description><![CDATA[<p>Fashionable club-goers and maybe even a few hog butchers will be able to navigate the brick roads of the meatpacking district in style now that <strong>Nicholas Kirkwood</strong>, the upscale designer footwear brand has inked a <strong>1,572-square-foot </strong>retail deal at 807 Washington   Street.</p>
<p>Located between Gansevoort and Horatio streets, the ground-floor boutique is scheduled to open by winter of 2012, broker said. As with most space—office and retail alike—asking prices have risen in the area since the High Line park opened two years ago, although specific prices at 807 Washington Street were not immediately available.<!--more--></p>
<p><strong>Joshua Strauss </strong>and <strong>Zachary Beloff </strong>of <strong>Robert K. Futterman &amp; Associates</strong> represented Nicholas Kirkwood in the transaction while <strong>Romanoff Equities</strong>, the building’s landlord, was represented in-house.</p>
<p>“The brand sought an exclusive location similar to its London boutique and found this in the meatpacking district, where there is a growing co-tenancy of designer labels, including Jeffery’s Intermix, Zac Posen, Scoop, Ports 1961, Christian Louboutin [and] Maison Martin Margiela, among others,” Mr. Strauss said in a statement. “The new boutique at 807 Washington features exposed brick walls and a wrap-around window looking onto a private courtyard and will provide the perfect setting for its first U.S. location.”</p>
<p><em>Women's Wear Daily</em> <a href="http://www.wwd.com/accessories-news/footwear/nicholas-kirkwood-plans-to-open-first-us-store-5099357">first had news of the deal</a>.</p>
<p><em>jsederstrom@observer.com</em></p>
<p>&nbsp;</p>
]]></description>
		<content:encoded><![CDATA[<p>Fashionable club-goers and maybe even a few hog butchers will be able to navigate the brick roads of the meatpacking district in style now that <strong>Nicholas Kirkwood</strong>, the upscale designer footwear brand has inked a <strong>1,572-square-foot </strong>retail deal at 807 Washington   Street.</p>
<p>Located between Gansevoort and Horatio streets, the ground-floor boutique is scheduled to open by winter of 2012, broker said. As with most space—office and retail alike—asking prices have risen in the area since the High Line park opened two years ago, although specific prices at 807 Washington Street were not immediately available.<!--more--></p>
<p><strong>Joshua Strauss </strong>and <strong>Zachary Beloff </strong>of <strong>Robert K. Futterman &amp; Associates</strong> represented Nicholas Kirkwood in the transaction while <strong>Romanoff Equities</strong>, the building’s landlord, was represented in-house.</p>
<p>“The brand sought an exclusive location similar to its London boutique and found this in the meatpacking district, where there is a growing co-tenancy of designer labels, including Jeffery’s Intermix, Zac Posen, Scoop, Ports 1961, Christian Louboutin [and] Maison Martin Margiela, among others,” Mr. Strauss said in a statement. “The new boutique at 807 Washington features exposed brick walls and a wrap-around window looking onto a private courtyard and will provide the perfect setting for its first U.S. location.”</p>
<p><em>Women's Wear Daily</em> <a href="http://www.wwd.com/accessories-news/footwear/nicholas-kirkwood-plans-to-open-first-us-store-5099357">first had news of the deal</a>.</p>
<p><em>jsederstrom@observer.com</em></p>
<p>&nbsp;</p>
]]></content:encoded>
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		<title>W&amp;H Fills Last Retail Space at 1350 Broadway</title>

		<comments>http://observer.com/2011/08/wh-fills-last-retail-space-at-1350-broadway/#comments</comments>
		<pubDate>Thu, 25 Aug 2011 14:33:34 -0400</pubDate>
					<link>http://observer.com/2011/08/wh-fills-last-retail-space-at-1350-broadway/</link>
			<dc:creator></dc:creator>
				
		<guid isPermaLink="false">http://www.observer.com/?p=179286</guid>
		<description><![CDATA[<p><div id="attachment_179287" class="wp-caption alignleft" style="width: 250px"><a href="http://nyoobserver.files.wordpress.com/2011/08/1350broadway.jpg"><img class="size-medium wp-image-179287" title="1350Broadway" src="http://nyoobserver.files.wordpress.com/2011/08/1350broadway.jpg?w=240&h=300" alt="" width="240" height="300" /></a><p class="wp-caption-text">Fill &#039;er up! </p></div></p>
<p>For caffeine guzzlers unable to find one of the 17,000 <strong>Starbucks</strong> currently operating on, oh, every other block across 50 countries, the search just got a little easier.</p>
<p>Indeed, <strong>W&amp;H Properties</strong> inked a <strong>10-year</strong>, <strong>1,189-square-foot</strong> lease for the Seattle-based coffee brewer in its last remaining retail space at <strong>1350 Broadway</strong>, brokers told <em>The Commercial Observer</em>. <!--more-->The deal, which will include 881 feet on the ground floor and an additional 308 feet on the mezzanine, with asking rents of <strong>$275 per square foot</strong>, will open next month and comes on the heels of another big deal with Walgreens at the Empire State Building that W&amp;H announced earlier this week.</p>
<p><strong>David Firestein</strong> of <strong>Northwest  Atlantic</strong> represented Starbucks in the lease negotiations while <strong>Andrew Goldberg</strong>, <strong>Eric Gelber</strong> and <strong>Matthew Chmielecki</strong> of <strong>CB Richard Ellis</strong> handled W&amp;H.</p>
<p>"One of ownership's objectives was to expand the 34th   Street shopping district to 35th Street with destination retailers and high quality amenities," said Anthony Malkin, W&amp;H Properties' president, in a statement. "Today, 1350 Broadway reflects this success—our retail tenants include flagship stores for Duane Reade and Banco Santander, and a newly renovated HSBC branch. Starbucks replaces a small furniture retailer, and will complement our retail collection and provide a key amenity for the new quality tenants."</p>
<p><em>jsederstrom@observer.com</em></p>
<p><strong><br />
</strong></p>
]]></description>
		<content:encoded><![CDATA[<p><div id="attachment_179287" class="wp-caption alignleft" style="width: 250px"><a href="http://nyoobserver.files.wordpress.com/2011/08/1350broadway.jpg"><img class="size-medium wp-image-179287" title="1350Broadway" src="http://nyoobserver.files.wordpress.com/2011/08/1350broadway.jpg?w=240&h=300" alt="" width="240" height="300" /></a><p class="wp-caption-text">Fill &#039;er up! </p></div></p>
<p>For caffeine guzzlers unable to find one of the 17,000 <strong>Starbucks</strong> currently operating on, oh, every other block across 50 countries, the search just got a little easier.</p>
<p>Indeed, <strong>W&amp;H Properties</strong> inked a <strong>10-year</strong>, <strong>1,189-square-foot</strong> lease for the Seattle-based coffee brewer in its last remaining retail space at <strong>1350 Broadway</strong>, brokers told <em>The Commercial Observer</em>. <!--more-->The deal, which will include 881 feet on the ground floor and an additional 308 feet on the mezzanine, with asking rents of <strong>$275 per square foot</strong>, will open next month and comes on the heels of another big deal with Walgreens at the Empire State Building that W&amp;H announced earlier this week.</p>
<p><strong>David Firestein</strong> of <strong>Northwest  Atlantic</strong> represented Starbucks in the lease negotiations while <strong>Andrew Goldberg</strong>, <strong>Eric Gelber</strong> and <strong>Matthew Chmielecki</strong> of <strong>CB Richard Ellis</strong> handled W&amp;H.</p>
<p>"One of ownership's objectives was to expand the 34th   Street shopping district to 35th Street with destination retailers and high quality amenities," said Anthony Malkin, W&amp;H Properties' president, in a statement. "Today, 1350 Broadway reflects this success—our retail tenants include flagship stores for Duane Reade and Banco Santander, and a newly renovated HSBC branch. Starbucks replaces a small furniture retailer, and will complement our retail collection and provide a key amenity for the new quality tenants."</p>
<p><em>jsederstrom@observer.com</em></p>
<p><strong><br />
</strong></p>
]]></content:encoded>
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		<title>Architects Double Space at 265 West 37th</title>

		<comments>http://observer.com/2011/08/architects-double-space-at-265-west-37th/#comments</comments>
		<pubDate>Thu, 25 Aug 2011 08:55:28 -0400</pubDate>
					<link>http://observer.com/2011/08/architects-double-space-at-265-west-37th/</link>
			<dc:creator></dc:creator>
				
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		<description><![CDATA[<p><strong>Arte New York</strong>, the architectural and design firm, has signed a lease for <strong>15,000 square feet</strong> at <strong>265 West 37<sup>th</sup> Street</strong>. The <strong>10-year</strong> deal, which was announced this week, will double the firm’s footprint at the building, which it moved into less than a year ago, according to brokers familiar with the transaction.</p>
<p>Asking rent at the fashion center building is about <strong>$30 a square foot</strong>, brokers said.<!--more--></p>
<p><strong>Marty Meyer</strong>, a vice chairman with <strong>Colliers International</strong>, represented the tenant, and the landlord, 265 West 37<sup>th</sup> Street LLC.</p>
<p>“Arte New York has doubled in size and wanted to remain in the building,” said Mr. Meyer, who added that the 250,000-square-foot building has attracted a number of other creative firms over the past several years, including art galleries as well as other architect and design groups. “The additional space accommodates the tenant’s goal of housing its larger workforce at one address, and in a ‘hip’ neighborhood, while also providing space for future growth.”</p>
<p><em>jsederstrom@observer.com</em></p>
<p>&nbsp;</p>
]]></description>
		<content:encoded><![CDATA[<p><strong>Arte New York</strong>, the architectural and design firm, has signed a lease for <strong>15,000 square feet</strong> at <strong>265 West 37<sup>th</sup> Street</strong>. The <strong>10-year</strong> deal, which was announced this week, will double the firm’s footprint at the building, which it moved into less than a year ago, according to brokers familiar with the transaction.</p>
<p>Asking rent at the fashion center building is about <strong>$30 a square foot</strong>, brokers said.<!--more--></p>
<p><strong>Marty Meyer</strong>, a vice chairman with <strong>Colliers International</strong>, represented the tenant, and the landlord, 265 West 37<sup>th</sup> Street LLC.</p>
<p>“Arte New York has doubled in size and wanted to remain in the building,” said Mr. Meyer, who added that the 250,000-square-foot building has attracted a number of other creative firms over the past several years, including art galleries as well as other architect and design groups. “The additional space accommodates the tenant’s goal of housing its larger workforce at one address, and in a ‘hip’ neighborhood, while also providing space for future growth.”</p>
<p><em>jsederstrom@observer.com</em></p>
<p>&nbsp;</p>
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		<title>New Duane Reade for 873 Broadway</title>

		<comments>http://observer.com/2011/08/new-duane-reade-for-873-broadway/#comments</comments>
		<pubDate>Thu, 25 Aug 2011 08:54:01 -0400</pubDate>
					<link>http://observer.com/2011/08/new-duane-reade-for-873-broadway/</link>
			<dc:creator></dc:creator>
				
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		<description><![CDATA[<p><div id="attachment_179085" class="wp-caption alignleft" style="width: 160px"><a href="http://nyoobserver.files.wordpress.com/2011/08/duane_reade_liberty-200x300.jpg"><img class="size-thumbnail wp-image-179085" title="duane_reade_liberty-200x300" src="http://nyoobserver.files.wordpress.com/2011/08/duane_reade_liberty-200x300.jpg?w=150&h=150" alt="" width="150" height="150" /></a><p class="wp-caption-text">(Illustration: Joel Kimmel). </p></div></p>
<p>It seems there will be no true end to <a href="http://www.observer.com/2011/07/while-we-wallow-in-walmart-duane-reade-dominates/"><strong>Duane Reade</strong>’s manifest destiny</a>.</p>
<p>Earlier this week, the pharmaceutical behemoth inked a <strong>15-year</strong>, <strong>10,000-square-foot</strong> retail lease at <strong>873 Broadway</strong>. The renewal, announced yesterday and boasting an asking rent of $100 a square foot annually, will feature 5,000 square feet on the ground floor and another 5,000 feet below street level, said <strong>Marty Meyer</strong>, a vice chairman with <strong>Colliers International</strong> who represented the landlord, 873 Broadway LCC, in the transaction. <strong>Steve Baker</strong> and <strong>Jeff Winick</strong> of <strong>Winick Realty</strong>, represented Duane Reade.<!--more--></p>
<p>“Duane Reade is a valued pharmacy in the neighborhood,” said Mr. Meyer, who noted that the druggist has a highly visible presence alongside other retailers on Broadway, including Paragon and ABC Carpet &amp; Home. “They have been a quality tenant, and we look forward to continuing the relationship.”</p>
<p><em>jsederstrom@observer.com</em></p>
<p>&nbsp;</p>
]]></description>
		<content:encoded><![CDATA[<p><div id="attachment_179085" class="wp-caption alignleft" style="width: 160px"><a href="http://nyoobserver.files.wordpress.com/2011/08/duane_reade_liberty-200x300.jpg"><img class="size-thumbnail wp-image-179085" title="duane_reade_liberty-200x300" src="http://nyoobserver.files.wordpress.com/2011/08/duane_reade_liberty-200x300.jpg?w=150&h=150" alt="" width="150" height="150" /></a><p class="wp-caption-text">(Illustration: Joel Kimmel). </p></div></p>
<p>It seems there will be no true end to <a href="http://www.observer.com/2011/07/while-we-wallow-in-walmart-duane-reade-dominates/"><strong>Duane Reade</strong>’s manifest destiny</a>.</p>
<p>Earlier this week, the pharmaceutical behemoth inked a <strong>15-year</strong>, <strong>10,000-square-foot</strong> retail lease at <strong>873 Broadway</strong>. The renewal, announced yesterday and boasting an asking rent of $100 a square foot annually, will feature 5,000 square feet on the ground floor and another 5,000 feet below street level, said <strong>Marty Meyer</strong>, a vice chairman with <strong>Colliers International</strong> who represented the landlord, 873 Broadway LCC, in the transaction. <strong>Steve Baker</strong> and <strong>Jeff Winick</strong> of <strong>Winick Realty</strong>, represented Duane Reade.<!--more--></p>
<p>“Duane Reade is a valued pharmacy in the neighborhood,” said Mr. Meyer, who noted that the druggist has a highly visible presence alongside other retailers on Broadway, including Paragon and ABC Carpet &amp; Home. “They have been a quality tenant, and we look forward to continuing the relationship.”</p>
<p><em>jsederstrom@observer.com</em></p>
<p>&nbsp;</p>
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		<title>Cohen Scores Renewal, Expansion with Doral Financial</title>

		<comments>http://observer.com/2011/08/cohen-scores-renewal-expansion-with-doral-financial/#comments</comments>
		<pubDate>Wed, 17 Aug 2011 12:10:32 -0400</pubDate>
					<link>http://observer.com/2011/08/cohen-scores-renewal-expansion-with-doral-financial/</link>
			<dc:creator></dc:creator>
				
		<guid isPermaLink="false">http://www.observer.com/?p=177070</guid>
		<description><![CDATA[<p><strong><a href="http://nyoobserver.files.wordpress.com/2011/08/623-5th1.jpg"><img class="alignleft size-thumbnail wp-image-177072" style="margin-left: 10px; margin-right: 10px;" title="623-5th1" src="http://nyoobserver.files.wordpress.com/2011/08/623-5th1.jpg?w=150&h=150" alt="" width="150" height="150" /></a>Doral Financial Corporation</strong>, the financial services company, has signed a renewal and expansion lease at Charles Cohen's <strong>623 Fifth Avenue</strong>.</p>
<p>The Puerto Rico-based company will extend its lease on the 13th floor, where it occupies a total of 13,010 square feet. It will also expand on the entire 19th floor and will occupy <strong>14,486 square feet</strong> for a total of 27,496 in the 38-story building, brokers said.<!--more--></p>
<p><strong>John Picco</strong> and <strong>Richard Nocom</strong> of <strong>Cushman &amp; Wakefield</strong> represented Doral Financial while <strong>Steve Lambert</strong> and <strong>David Nevins</strong> of <strong>Cohen Brothers Realty Corporation</strong> represented the building owner in-house.</p>
<p>“The building offers Doral Financial the ability to accommodate growth as the company continues to expand its business in New York,” said Mr. Picco, an executive director at Cushman &amp; Wakefield, in a statement.</p>
<p><em>jsederstrom@observer.com</em></p>
<p>&nbsp;</p>
]]></description>
		<content:encoded><![CDATA[<p><strong><a href="http://nyoobserver.files.wordpress.com/2011/08/623-5th1.jpg"><img class="alignleft size-thumbnail wp-image-177072" style="margin-left: 10px; margin-right: 10px;" title="623-5th1" src="http://nyoobserver.files.wordpress.com/2011/08/623-5th1.jpg?w=150&h=150" alt="" width="150" height="150" /></a>Doral Financial Corporation</strong>, the financial services company, has signed a renewal and expansion lease at Charles Cohen's <strong>623 Fifth Avenue</strong>.</p>
<p>The Puerto Rico-based company will extend its lease on the 13th floor, where it occupies a total of 13,010 square feet. It will also expand on the entire 19th floor and will occupy <strong>14,486 square feet</strong> for a total of 27,496 in the 38-story building, brokers said.<!--more--></p>
<p><strong>John Picco</strong> and <strong>Richard Nocom</strong> of <strong>Cushman &amp; Wakefield</strong> represented Doral Financial while <strong>Steve Lambert</strong> and <strong>David Nevins</strong> of <strong>Cohen Brothers Realty Corporation</strong> represented the building owner in-house.</p>
<p>“The building offers Doral Financial the ability to accommodate growth as the company continues to expand its business in New York,” said Mr. Picco, an executive director at Cushman &amp; Wakefield, in a statement.</p>
<p><em>jsederstrom@observer.com</em></p>
<p>&nbsp;</p>
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		<title>Rothstein Kass Renews, Expands at SL Green&#8217;s 1350 Sixth</title>

		<comments>http://observer.com/2011/08/rothstein-kass-renews-expands-at-sl-greens-1350-sixth/#comments</comments>
		<pubDate>Wed, 17 Aug 2011 12:07:04 -0400</pubDate>
					<link>http://observer.com/2011/08/rothstein-kass-renews-expands-at-sl-greens-1350-sixth/</link>
			<dc:creator></dc:creator>
				
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		<description><![CDATA[<p><div id="attachment_177068" class="wp-caption alignleft" style="width: 160px"><a href="http://nyoobserver.files.wordpress.com/2011/08/nyc_1350sixthavenue.jpg"><img class="size-thumbnail wp-image-177068" title="nyc_1350sixthavenue" src="http://nyoobserver.files.wordpress.com/2011/08/nyc_1350sixthavenue.jpg?w=150&h=150" alt="" width="150" height="150" /></a><p class="wp-caption-text">Account closed. </p></div></p>
<p><strong>Rothstein Kass &amp; Co.</strong> has inked a lease for <strong>88,049 square feet</strong> at <strong>1350 Avenue of Americas</strong>, marking a significant renewal and expansion for the international accounting firm.</p>
<p>The firm, whose deal was announced yesterday, currently occupies 55,308 square feet on floors 10, 15, and 16. The addition of another 32,741 square feet on floors 9 and 14 will not only allow the company to create two contiguous blocks of floor space but also makes them the largest office tenant in the building, brokers said. With the new long-term lease and coterminous extensions on floors 10 and 15, meanwhile, the tenant will eventually vacate its 16th floor space in 2014.<!--more--></p>
<p>Perhaps most significantly for the accounting firm, however, is the signage rights it snagged with the deal outside of the building.</p>
<p><strong>Jarod Horowitz</strong> of <strong>Cushman &amp; Wakefield</strong> represented the New Jersey-based tenant while the landlord, <strong>SL Green</strong>, was represented in-house by <strong>Howard Tenenbaum</strong> and <strong>Gary Rosen</strong>.</p>
<p>“SL Green accommodated our needs as a growing firm by allowing us to expand within the building on non-contiguous floors, which will enable the firm to operate more efficiently as well as provide us with monumental signage outside of the building,” said Steven Kass, chief executive and co-managing principal of Rothstein Kass, in a statement<em>. </em></p>
<p><em>jsederstrom@observer.com</em></p>
<p>&nbsp;</p>
]]></description>
		<content:encoded><![CDATA[<p><div id="attachment_177068" class="wp-caption alignleft" style="width: 160px"><a href="http://nyoobserver.files.wordpress.com/2011/08/nyc_1350sixthavenue.jpg"><img class="size-thumbnail wp-image-177068" title="nyc_1350sixthavenue" src="http://nyoobserver.files.wordpress.com/2011/08/nyc_1350sixthavenue.jpg?w=150&h=150" alt="" width="150" height="150" /></a><p class="wp-caption-text">Account closed. </p></div></p>
<p><strong>Rothstein Kass &amp; Co.</strong> has inked a lease for <strong>88,049 square feet</strong> at <strong>1350 Avenue of Americas</strong>, marking a significant renewal and expansion for the international accounting firm.</p>
<p>The firm, whose deal was announced yesterday, currently occupies 55,308 square feet on floors 10, 15, and 16. The addition of another 32,741 square feet on floors 9 and 14 will not only allow the company to create two contiguous blocks of floor space but also makes them the largest office tenant in the building, brokers said. With the new long-term lease and coterminous extensions on floors 10 and 15, meanwhile, the tenant will eventually vacate its 16th floor space in 2014.<!--more--></p>
<p>Perhaps most significantly for the accounting firm, however, is the signage rights it snagged with the deal outside of the building.</p>
<p><strong>Jarod Horowitz</strong> of <strong>Cushman &amp; Wakefield</strong> represented the New Jersey-based tenant while the landlord, <strong>SL Green</strong>, was represented in-house by <strong>Howard Tenenbaum</strong> and <strong>Gary Rosen</strong>.</p>
<p>“SL Green accommodated our needs as a growing firm by allowing us to expand within the building on non-contiguous floors, which will enable the firm to operate more efficiently as well as provide us with monumental signage outside of the building,” said Steven Kass, chief executive and co-managing principal of Rothstein Kass, in a statement<em>. </em></p>
<p><em>jsederstrom@observer.com</em></p>
<p>&nbsp;</p>
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		<title>5K-Foot Retail Deal at 103 Fifth at $275 a Foot</title>

		<comments>http://observer.com/2011/08/5k-foot-retail-deal-at-103-fifth-at-275-a-foot/#comments</comments>
		<pubDate>Tue, 16 Aug 2011 10:52:35 -0400</pubDate>
					<link>http://observer.com/2011/08/5k-foot-retail-deal-at-103-fifth-at-275-a-foot/</link>
			<dc:creator></dc:creator>
				
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		<description><![CDATA[<p><div id="attachment_176575" class="wp-caption alignleft" style="width: 160px"><a href="http://nyoobserver.files.wordpress.com/2011/08/103-5th-ave-4.jpg"><img class="size-thumbnail wp-image-176575" title="103 5th Ave 4" src="http://nyoobserver.files.wordpress.com/2011/08/103-5th-ave-4.jpg?w=150&h=150" alt="" width="150" height="150" /></a><p class="wp-caption-text">Squeezing Juicy. </p></div></p>
<p><strong>Sperry Top-Sider</strong>, the nautically inspired seller of boat shoes, has notched its first deal in New York City with a <strong>5,000-square-foot</strong> retail location at <strong>103   Fifth Avenue</strong>, brokers told <em>The Commercial Observer</em>.</p>
<p>The company, which last year added stores in Westchester and Massachusetts to its roster of locations in Tampa, Boca Raton, Kansas City and Dallas, will take 2,500 square feet of ground-floor space and an additional 2,500 feet of basement space currently occupied by Juicy Couture.<!--more--> Asking rent for the space is $<strong>275 per square foot</strong> and the lease is for <strong>10 years</strong>, brokers involved in the transaction said.</p>
<p><strong>Jason Pruger</strong> and <strong>Kate Cohen</strong> of <strong>Newmark Knight Frank</strong> represented owner <strong>Harlington Realty</strong>, in the transaction while <strong>Laura Pomerantz </strong>and <strong>Betty Ende </strong>of <strong>PBS Real Estate</strong> represented Sperry Top-Sider in the deal.</p>
<p><em>jsederstrom@observer.com</em></p>
<p>&nbsp;</p>
]]></description>
		<content:encoded><![CDATA[<p><div id="attachment_176575" class="wp-caption alignleft" style="width: 160px"><a href="http://nyoobserver.files.wordpress.com/2011/08/103-5th-ave-4.jpg"><img class="size-thumbnail wp-image-176575" title="103 5th Ave 4" src="http://nyoobserver.files.wordpress.com/2011/08/103-5th-ave-4.jpg?w=150&h=150" alt="" width="150" height="150" /></a><p class="wp-caption-text">Squeezing Juicy. </p></div></p>
<p><strong>Sperry Top-Sider</strong>, the nautically inspired seller of boat shoes, has notched its first deal in New York City with a <strong>5,000-square-foot</strong> retail location at <strong>103   Fifth Avenue</strong>, brokers told <em>The Commercial Observer</em>.</p>
<p>The company, which last year added stores in Westchester and Massachusetts to its roster of locations in Tampa, Boca Raton, Kansas City and Dallas, will take 2,500 square feet of ground-floor space and an additional 2,500 feet of basement space currently occupied by Juicy Couture.<!--more--> Asking rent for the space is $<strong>275 per square foot</strong> and the lease is for <strong>10 years</strong>, brokers involved in the transaction said.</p>
<p><strong>Jason Pruger</strong> and <strong>Kate Cohen</strong> of <strong>Newmark Knight Frank</strong> represented owner <strong>Harlington Realty</strong>, in the transaction while <strong>Laura Pomerantz </strong>and <strong>Betty Ende </strong>of <strong>PBS Real Estate</strong> represented Sperry Top-Sider in the deal.</p>
<p><em>jsederstrom@observer.com</em></p>
<p>&nbsp;</p>
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