Leasing
- Tech Boosts Flatiron Office Leasing
The Flatiron District has long been known as a retail-entertainment hub in Manhattan. But with an influx of office tenants primarily focused on technology, largely because of Google’s nearby Chelsea headquarters, things have changed. Now the Flatiron is quickly becoming a tech hotspot in the city and is home to
- Italian Handbag Seller Opening Pop-Up Shop in Savanna’s 434 Broadway
A purveyor of Italian goods has inked a deal to for a pop-up location at a corner location in Soho, Commercial Observer has learned. Official Made in Italy, which sells Italian-made goods such as shoes and handbags by 30 different brands, will occupy 5,800 square feet at the base of
- Arxis Capital nabs 29K sf at 623 Fifth Avenue
Arxis Capital, a technology-focused trading company, inked a lease to take 29,000-square feet at 623 Fifth Avenue, the 400,000-square-foot office tower owned by Charles S. Cohen. Arxis, founded by former Bank of America Merrill Lynch executives, will be taking two floors at the 400,000-square-foot office tower, a substantial upgrade from
- Global Securities Company Grabs 29K SF at Charles S. Cohen’s 623 Fifth Avenue
A technology-focused trading firm specializing in global securities has signed a two-floor lease to relocate its corporate headquarters to Fifth Avenue, Commercial Observer has learned. Arxis Capital will occupy 29,000 square feet at the 400,000-square-foot 623 Fifth Avenue, according to a press release provided by landlord Charles S. Cohen. “We’re
- Law firm inks 41K sf lease at Durst’s 4 Times Square
Interest for office space at Durst Organization’s 4 Times Square seems to be picking up following the high-profile departure of anchor tenant Conde Nast. Law firm Fross Zelnick Lehrman and Zissu has signed up to take 41,000 square feet of space across an entire floor, the Commercial Observer reported. The
- City eyeing 160K sf lease at Savanna, Hornig’s Bushwick office conversion
The city’s Human Resources Administration is in talks to lease roughly 160,000 square feet of office and retail space at the former Schlitz Brewery bottling factory in Bushwick. The agency is negotiating to lease the entirety of 95 Evergreen Avenue, the former plant that Savanna and Hornig Capital Partners recently
- Alumni Relations Organization Opens First U.S. Branch in Midtown
LSE Foundation, an alumni relations nonprofit affiliated with the London School of Economics and Political Science, has inked a 2,335-square-foot deal at 450 Seventh Avenue between West 34th and West 35th Streets, Commercial Observer has learned. This is the organization’s first branch in the United States, according to a spokeswoman
- Long-Term Multi-Media Tenant Renews 38K-SF Lease at 575 Lexington
Lively Group, a brand strategist firm comprised of five companies, has renewed its 38,479-square-foot lease at 575 Lexington Avenue between East 51st and East 52nd Streets, Commercial Observer has learned. Lively Group is made up of firms with clients including H&M, Toyota, Merrill Lynch and AT&T. The company has been a
- Durst Signs Law Firm to Floor of Condé Nast’s Old Offices
After nearly two years of waiting to fill up the former Condé Nast space at 4 Times Square, landlord Durst Organization seems to have hit its stride at the Midtown skyscraper. Law firm Fross Zelnick Lehrman & Zissu has signed a 41,221-square-foot lease at the 1.9-million-square-foot building at Broadway and
- WeWork Snags 78K SF on West 57th Street
Coworking giant WeWork has leased 77,930 square feet at Metropolitan Tower at 142 West 57th Street between Avenue of the Americas and Seventh Avenue, Commercial Observer has learned. The new space spans the entire sixth, seventh, eighth, 10th and 11th floors, according to a source with knowledge of the deal.
- Netherlands-Based Incubator Taking 100K SF at Brooklyn Navy Yard
A Dutch company is making port at the Brooklyn Navy Yard, where it plans to open a new incubator for up-and-coming companies. B.Amsterdam, a European business incubator, has signed a deal with the city to occupy 100,000 square feet at the converted shipyard, which sits on the waterfront between the
- Dutch biz incubator leases 100K sf at BK Navy Yard
The B.NY business incubator at the Brooklyn Navy Yard Europe’s biggest business incubator is heading to Brooklyn. The Netherlands-based B.Amsterdam signed a lease for 100,000 square feet at the Brooklyn Navy Yard, the city announced Wednesday. The incubator, dubbed B.NY, will help fledgling European business break into the city, and vice
- Volvo Parks at Moinian’s Far West Side High-Rise Building
Volvo is taking a lot of vroom at The Moinian Group’s 605 West 42nd Street, the high-rise rental building also known as Sky. The Swedish automaker is taking 60,000 square feet at the base of the 1,175-unit tower between 11th and 12th Avenues, according to The Real Deal. Volvo’s lease is
- Penguin Random House signs 604K sf extension at SL Green’s 1745 Broadway
Penguin Random House is opening a new chapter in Midtown, inking a lease extension for 603,650 square feet at SL Green Realty and Ivanhoe Cambridge’s 1745 Broadway, the landlords said in a statement Wednesday. The new lease comes as the megapublisher looks to close its Soho offices at 345 and 375
- Football club FC Barcelona opens new office at Feil’s 250 Park Avenue
European football club FC Barcelona has just opened a new office at Feil Organization’s 250 Park Avenue. The Catalan team, which has star players such as Neymar and Lionel Messi, plans to use its corporate office for “intense activity” that will expand its brand in the US. The club,
- Revamped Madison Avenue office tower lands first tenant
Law firm Hogan Lovells is negotiating to become the first tenant at 390 Madison Ave., a vacant office building that is in the process of being dramatically overhauled. The firm is in talks to take more than 200,000 square feet at the nearly 900,000-square-foot property, according to sources. Owners Clarion
- Volvo cruises into 60K sf space at Moinian’s Sky
The Moinian Group is revving up its retail game with a 60,000 square foot deal with automotive giant Volvo. Volvo has inked a 15 year-lease for a dealership at Sky, the 60-story rental building the company recently completed at 605 West 42nd Street on the Far West Side. The deal
- Backpack and Handbag Company Renews for 19K SF at Fashion Accessories Building
A manufacturer of children’s backpacks and ladies’ handbags has renewed its headquarters for another five years in Midtown South, Commercial Observer has learned. Global Design Concepts will remain in its 18,953-square-foot space at the 453,600-square-foot 10 West 33rd Street between Fifth Avenue and Broadway through 2021, according to landlord broker
- Not Long After Leasing New Chelsea Digs, Peloton Expands HQ
Peloton Interactive only recently nabbed new headquarters in a four-floor spread in Chelsea, and now the company is increasing its digs. The company, which offers high-energy indoor cycling workouts, has leased 11,854 square feet for office space on the entire eighth floor of 125 West 25th Street, according to CoStar Group. That
- Bushwick Scores New Artichoke Pizzeria
Artichoke Basille Pizza, the pizza parlor famous for their decadent, creamy, artichoke slathered slices, is opening up their eighth outpost at 18 Wyckoff Avenue in Bushwick, Brooklyn, according to a press release shared with Commercial Observer from M Properties Group, who brokered the deal on behalf of the landlord. The space,
- As Zara’s FiDi Business Booms, the Retailer Takes Additional Space for Storage
Spanish clothes and accessories retailer Zara, which opened a three-story store at 222 Broadway in the Financial District last year, has leased nearly 10,000 square feet for storage, according to one of the brokers in the deal. “The didn’t have enough stock space,” Cushman & Wakefield’s C. Bradley Mendelson told
- Investors Head Back to School: Off-Campus Student Housing Demand Driving Leasing, Property Sales
Investors pumped more than $5 billion into student housing properties in the first half of 2016, and with Labor Day marking the start of what typically is the heaviest period for sales, 2016 could equal or exceed last year’s record-setting sales volume in the growing niche property sector. The late-summer
- With new Infosys deal, One WTC now 70% leased
Indian business consulting firm Infosys is taking 13,715 s/f at Durst Organization’s One World Trade Center, bringing the tower’s occupancy rate to 70 percent. “As a major multinational company, it’s not surprising that Infosys would relocate to Lower Manhattan, which continues to be a draw for a diverse collection of
- Four Tenants Sign Total of 41K SF of Renewals in Rudin’s 355 Lexington
A quartet of existing tenants in Rudin Management Company’s 355 Lexington Avenue have inked renewals totaling 41,300 square feet, Commercial Observer can first report. In the largest deal, investment consulting firm Wealth Advisory Group has signed a 10-year, 15,882-square-foot renewal for the entire ninth floor of the 22-story Midtown East
- Fashion brand Vera Bradley moving to 411 West Broadway in SoHo
Luxury accessories retailer Vera Bradley is opening a new flagship store at 411 West Broadway in SoHo. “We are thrilled to open our first Vera Bradley store in New York City,” said Robert Wallstrom, CEO. “We look forward to showcasing our iconic collections and signature in-store experience to both the local community and tourists. With