Featured
REBNY recognizes leading commercial managers
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Louis Trimboli, senior real estate manager with CBRE, received the Edward A. Riguardi Commercial Management Executive of the Year Award last week.
Deals & Dealmakers
SELLING POINTS: Alpha Realty makes $13.75 million sale of a multifamily in Queens
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● ALPHA REALTY Multifamily movement as prices dip Alpha Realty announced the $13.75 million sale of a multifamily garden-style complex located in
Deals & Dealmakers
SL Green signs another finance tenant at One Vanderbilt
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SL Green Realty Corp. announced that Sentinel Capital Partners, a private equity firm, has signed a 28,448 s/f, 15-year lease to occupy the entire 51st
Deals & Dealmakers
CBRE arranges 48,000 s/f lease for private equity company
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CBRE announced that Gen II Fund Services, a private equity fund administration firm based in Manhattan, signed a 48,000-square-foot lease at 805 Third Avenue.
Deals & Dealmakers
LEASES: CBRE reps Neiman Marcus in midtown office deal; CPEX helps Uber settle into Crown Heights
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CBRE announced the firm’s latest under-15,000 s/f office leasing transactions in Manhattan. • CBRE’s Adam Foster and Michael Monahan represented Stila
Deals & Dealmakers
Square Mile antes up $217M office loan
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Square Mile Capital Management originated a $217million loan secured by 1111 Brickell, a 30-story 522,000 s/f office building in the Brickell submarket
Deals & Dealmakers
How headcount could replace price per square foot
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Landlords could start charging per person instead of per foot if co-working advocates have their way. As the industry’s office space continues to evolve
Office Market
Private equity fund subleases 47,000 sf from Meredith Corp. on 3rd Ave
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A private equity fund has subleased 47,600 s/f from Meredith Corporation at the media and publishing conglomerate’s former Third Avenue headquarters.
Deals & Dealmakers
LEASES: Roundup of leases under 10,000 s/f
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ATCO Properties & Management announced that two tenants have leased office suites at 381 Park Avenue South, a boutique class A property situated in
Deals & Dealmakers
WHO’S NEWS: Meridian taps Famularo to lead new retail division; Rudin tech boss earns Lifetime Achievement Award
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Meridian Capital Group has launched a Retail Leasing Division to be led by industry veteran James Famularo. Famularo joins the firm from Eastern Consolidated
Deals & Dealmakers
Savanna buys 521 Fifth Ave., plans fresh leasing campaign
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New York developer, Savanna, announced the $381 million acquisition of 521 Fifth Avenue, a 498,711 s/f office and retail building located on the corner
Retail
As rents take a nose-dive retailers start to get serious about leases
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In spring 2019, average asking rents for available ground floor retail spaces decreased year-over-year in 12 of the 17 Manhattan corridors analyzed by