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Articles Archive for 7 November 2012

Construction & Design »

[7 Nov 2012 | No Comment | ]

Architecture firm Francis Cauffman announced today that the city of Newark, New Jersey has approved its design for French company Biotrial’s new North American headquarters in Newark’s University Heights Science Park.
This district is part of Newark Mayor Cory Booker’s urban redevelopment initiative and Biotrial will join other biomedical organizations and five universities in the Science Park.
Francis Cauffman has completed the master plan for Biotrial and expects to break ground on Phase 1 in spring 2013.
The first phase will consist of a five-story, 70,000-square-foot building. Biotrial is expected to move into …

Deals & Dealmakers, Featured »

[7 Nov 2012 | No Comment | ]
C&W: See your name in lights on Broadway

Cushman & Wakefield announced a rare, full-building headquarters and branding opportunity right between Times Square and Columbus Circle.
“The building offers immense exposure and is surrounded by new development, said C&W’s Stuart Romanoff, who is marketing the space with Jonathan Luttwak, Ross Eisenberg and Myles .
The 60,000 s/f, six-floor office building is zoned with Times Square signage rights and includes 130 feet of frontage on Broadway.

Construction & Design, Deals & Dealmakers, Featured »

[7 Nov 2012 | No Comment | ]
NGKF to lease new University Center retail

The New School Releases Plans for the Retail Space at Its New University Center
Newmark Grubb Knight Frank Retail has been selected by The New School to handle the marketing and leasing of the retail at the base of its new University Center at 65 Fifth Avenue, an iconic design by renowned architects Skidmore Owings Merrill.
The retail space spans 8,500 s/f on the ground floor with 15-foot ceilings and 170 feet of wraparound frontage at one of the city’s best corners.

Featured »

[7 Nov 2012 | No Comment | ]
One57 Crane secured after Sandy battering

One week after the boom of a construction crane snapped at the ultra-luxurious One57 site, leaving it to dangle precariously over 57th Street following Hurricane Sandy’s brutal winds, it was finally secured.

Robert Limandri, Commissioner of the New York City Department of Buildings (NYDB), said in a statement released Sunday that the tower crane boom had been fortified.

News cameras were fixed on the crane after reports that it had partially collapsed high above 57th Street Oct. 29.

The Real Estate Board of New York (REBNY) released a statement Monday afternoon, with more details about the surrounding area affected by potential danger presented by the dangling boom.

Brokers Weekly »

[7 Nov 2012 | No Comment | ]

Modern Spaces recently signed a five-year, 1,000-square-foot lease at 220 West 16th Street for their first office in Manhattan in keeping with the company’s expansion plans.
This will be the third signature Modern Spaces office to open in less than a year for the growing company joining its existing offices in Long Island City, Astoria and Williamsburg. The new space is scheduled to open in early January 2013.
“We have been working with developers in the City and also making deals in Chelsea for quite some time now. One of our …

Deals & Dealmakers »

[7 Nov 2012 | No Comment | ]

In one of the most high profile transactions to take place in Manhattan this year, Carlton Group Chairman, Howard L. Michaels along with his  capital markets specialists, simultaneously executed both the $400 million investment sale, followed by $600 million of equity and debt capital raised to facilitate the acquisition and development at 701 Seventh Avenue in the heart of Times Square, New York.
On behalf of the contract vendee, Carlton accessed two major investment groups to acquire and complete the $400 million controlling sale of the asset. In addition, on behalf …

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