New York developers building wrong type of towers
By Konrad Putzier Are New York’s developers building the wrong kinds of office towers? In real estate circles this question amounts to blasphemy – which … Continued
Category : Blog
Shake Shack is newest Broadway star
Shake Shack has signed a lease for 3,265 s/f at 1333 Broadway, announced Empire State Realty Trust, Inc. The lease closely follows the opening of … Continued
Regus adds 16,500 s/f space
The CBRE Long Island team of Vincent LaManna and Richard Freel represented REGUS, the world’s largest provider of flexible workspace in a 16,500 s/f office … Continued
Urban selling $200M package
By Dan Orlando Urban American Management is looking to sell a sizeable Brooklyn-centered portfolio and has recruited Eastern Consolidated to market the property. The 14-building … Continued
Broker eats up data on New York City’s ever-evolving restaurant, retail scene
Though one of the last weekends of summer was fast approaching, Steven Soutendijk, senior director at Cushman & Wakefield Retail Services, was still all business last Friday when Real Estate Weekly paid a visit to his Midtown office.
Soutendijk sat glancing at the double monitors on his desk, a basic streetscape of Third Avenue and 86th Street in Manhattan lay out before him.
Since New York is a living, breathing organism and constantly evolving, these are always changing,” Soutendijk said. “Stores get bigger, stores go out of business, stores shrink, tenants take over other tenant’s leases. So one of the basic functions we have here is to make sure these are up to date.”
Common Ground’s Boston Road building tops off
Boston Road is a new 154-unit permanent supportive housing residence in the Bronx, and is one of the first buildings to use the New York State Medicaid … Continued
Wealth managers take 30,000 s/f in move from Flatiron to Midtown
In a deal structured around the firm’s long term facilities strategy, KLS Professional Advisors Group, LLC, a wealth management firm, will soon relocate from the Flatiron District to Midtown Manhattan. The financial company has signed a 16-year, 30,852 s/f leasing transaction comprising a portion of the 12th floor and the...
Former brewery up for grabs in Bushwick
Massey Knakal Realty Services has been retained on an exclusive basis to sell the former William Ulmer Brewery, a mixed-use conversion opportunity at 81 Beaver Street. Originally built in 1876, the building is located on the corner of Beaver and Belvidere Streets in North Bushwick, Brooklyn, an area that was...
JLL inks digital deal for Minskoff
JLL has completed a new, direct transaction for Edward J. Minskoff Equities Inc. at 101 Avenue of the Americas. DigitalOcean Inc. signed a 10-year lease for 23,458 s/f at the Class A, 428,624 s/f office tower. The building owner was represented by Paul N. Glickman and Mitchell Konsker, vice chairmen,...
MTA inks long-term office renewal at 469 Seventh Avenue
Colliers International has arranged a long-term renewal at 469 Seventh Avenue, with the Metropolitan Transit Authority continuing to lease the entire 11th and 14th floors, totaling 34,000 s/f. With the MTA renewal, only the building’s top floors remain available for lease: the 17,000 s/f 15th floor; the 17,000 s/f 16th...