Category : Office Market

Office Market

WeWork leases first office space in borough of Queens

REW
by REW826
Cushman & Wakefield and JRT Realty Group announced that WeWork has signed a 15-year lease for 51,677 s/f of office space in Queens. The co-working office space provider will occupy the entire 2nd, 4th, 5th and 6th floors at Offices at the Square, at 35-37 36th Street. Asking rents are...
LinkedIn expands to 280,000 s/f in Empire State Building
Office Market

LinkedIn expands to 280,000 s/f in Empire State Building

REW
by REW663
Business networking site LinkedIn Corporation has expanded to 280,000 s/f in the Empire State Building. Empire State Realty Trust, Inc. announced that the company is expanding its New York City headquarters by an additional 130,000 s/f at the property. The expansion in the “World’s Most Famous Building” will have LinkedIn...
Office MarketViews

Desk-sharing agreements; A landlord’s guide

REW
by REW1649
By Seth A. Liebenstein, partner, BBWG  Within a commercial lease, a tenant’s assignment and subletting rights are typically specifically defined with the landlord likely having the right to consent to any assignment or subletting of the premises. Often, a tenant will attempt to negotiate into the lease the right to assign...
Office Market

Price spike has investors fearing correction is round corner

REW Staff
by REW Staff828
The price of commercial real estate is beginning to gain ground on the value of this asset class, according to new information released in the summer 2014 issue of the RERC Real Estate Report. The quarterly report issued yesterday (Tuesday) by Real Estate Research Corporation (RERC), predicts that, given the...
New Kaufman Arts District opens in Queens
Deals & DealmakersOffice Market

New Kaufman Arts District opens in Queens

REW Staff
by REW Staff1322
Real estate luminary as film studio leader George Kaufman helped launched a new Kaufman Arts District in Astoria, Queens, last week. The Kaufman Arts District is bounded by 31st Street to the west, 34th Avenue to the north, Steinway Street to the east and 37th Avenue to the south. The...
Office MarketProperty Managers

What you should know as Windows XP reaches end of life

REW Staff
by REW Staff777
By Michael Mullin, President, Integrated Business Systems (IBS) November 20, 2013 – March 2014 may seem far away, with July 2015 even further out. However, for businesses running Windows XP Professional, Server 2003 or Small Business Server 2003 these dates – which represent support end-of-life for these three popular products –...
Office Market

Metropolitan Realty signs lease at 650 5th

REW Staff
by REW Staff702
Metropolitan Real Estate, an international investment advisory firm, will be moving its New York headquarters from 135 East 57th Street to 650 Fifth Avenue, a class A office building on 52nd Street near Rockefeller Center. The investment firm signed an 11-year lease for 11,289 s/f of office space, occupying the entire 29th floor.