Category : Office Market

Cushman team on the case as law firm expands at Tower 56
Office Market

Cushman team on the case as law firm expands at Tower 56

REW Staff
by REW Staff700
Cushman & Wakefield announced that The Lanier Law Firm, a Houston-based company, has renewed its lease and expanded in the Tower 56 office building at 125 East 56th Street, between Park and Lexington Avenues.
Office Market

JLL completes sublease at One Bryant Park

REW Staff
by REW Staff640
Jones Lang LaSalle has completed a sublease transaction with Manikay Partners LLC at One Bryant Park, also known as Bank of America Tower. Asking rents were “north of $100 per square foot” according to Dan Turkewitz, JLL senior vice president, represented the Manikay Partners, the subtenant.
Office Market

Shutterstock signs up for 85,000 s/f at Empire State Building

REW Staff
by REW Staff887
Shutterstock, Inc., a global image marketplace on the Internet, has leased 85,000 s/f for a new headquarters at the Empire State Building. Anthony Malkin, president of Malkin Holdings, which supervises the building, said Shutterstock will relocate from 60 Broad Street later this year, under the terms of an 11-year lease.
e-Commerce company expands in city’s tech corridor
Office Market

e-Commerce company expands in city’s tech corridor

REW Staff
by REW Staff767
Less than a year after moving into pre-built offices on the 5th and 17th floors at 292 Madison Avenue, e-commerce company Borderfree.com is expanding. The company — formerly Fifty-one Global E-Commerce — is relocating one of its offices to a larger floor that expands its footprint to 22,226 s/f. In addition, it is extending its lease to seven years.
Office Market

Media types continue to stretch out in Hudson Square

REW Staff
by REW Staff621
Splashlight Photographic and Digital Studios, LLC, has signed a five year lease to expand its Hudson Square footprint. The company, which occupies 63,000 s/f on the third floor at Trinity Real Estate’s 1 Hudson Square, is taking an additional 14,000 s/f at 225 Varick Street.
It’s the big squeezy: US office occupancy costs drop
Office Market

It’s the big squeezy: US office occupancy costs drop

REW Staff
by REW Staff670
The United States offered companies the greatest opportunities to reduce their overheads in 2012, with occupancy costs per workstation falling by 10.9%. This was driven by an 11.8% decrease in space utilization — the amount of space each worker is allocated — with the biggest decreases recorded in Washington DC...
Military Park Building reaches full occupancy
Office Market

Military Park Building reaches full occupancy

REW Staff
by REW Staff657
A series of four recent leases at The Berger Organization’s Military Park Building, 60 Park Place in Newark, has brought the 250,000 s/f, 88-year-old historic landmark office property to full occupancy. Berger’s in-house team, headed by vice president Brendan Berger, negotiated the latest transactions.
Office Market

Lawyers renew 595,000 s/f lease at 425 Lex

REW Staff
by REW Staff559
The New York office of Hines, the international real estate firm, announced that Simpson Thacher & Bartlett LLP has executed an agreement to renew its lease for 595,000 s/f at 425 Lexington in midtown.
Office Market

Weiss shows off suite spot along Corporate Corridor

REW Staff
by REW Staff930
  The newest exclusive listing from T. Weiss Realty Corp. is for a suite at Melville Corporate Center II that contains more than 100 modular workstations, many of them never used. They could belong to a new tenant as early as May. T. Weiss Realty, owner of the 20,000 s/f...