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“Nonprofit CompletePlayground signs 15-year lease in FiDi” Good news for FiDi families: CompletePlayground, a nonprofit family activity center, signed a 15-year lease for 40,000 square feet of retail space at Tribeca Associates’ 30 Broad St. The facility founded by CompleteBody CEO Alex Reznik will fill space that was last occupied by a New York Sports…
“Manhattan leasing data shows dip in fourth quarter of 2022” There is good news, of a sort, for nervous Manhattan office landlords: Leasing for 2022 totaled 23.21 million square feet, up 14% over the year before, according to CBRE. But how couldn’t it be, given the pandemic freeze of 2021? The bad news: most fourth-quarter data stunk….
“Fox Corp., News Corp will stay at Midtown HQ for another 20 years” If “work from home” is the future trend, home will mean 1211 Sixth Avenue for Fox Corp. and News Corp for 20 more years to come. In a major boost to the Midtown office market, Fox and News Corp signed separate leases…
“Italian fashion retailer LuisaViaRoma snags first US location in Noho” High-end European fashion retailers continue craving a bite of the Big Apple action — but more in downtown neighborhoods than uptown. In the latest large-store news, Italy’s LuisaViaRoma signed a lease for nearly 13,000 square feet at 1 Bond Street in red-hot Noho. It will…
“Jewelry chain shifts HQ to Times Square from Baltimore” There’s life in the Times Square office market despite recent exits of several large tenants. Trend-setting lab-made jewelry chain Pandora is moving its US headquarters from Baltimore to 1540 Broadway, the former Bertelsmann Building, taking 27,936 square feet on the 35th floor. The asking rent on the 15-year…
“Brookfield Properties snags law firm Crowell & Moring as new tenant” Brookfield’s Far West Side leasing juggernaut snatched another marquee tenant from central Midtown. In the latest coup, law firm Crowell & Moring just signed for 71,000 square feet at Two Manhattan West, where it will move next year from a slightly smaller space at 590 Madison…
“Law firm Fried Frank to leave Seagram Building for Madison Avenue tower” Law firm Fried Frank is moving and expanding its midtown conference center from 375 Park Ave., the Seagram Building, to Park Tower Group’s 535 Madison Ave. The 15-year lease for 14,375 square feet is for the entire 10th floor. The move in 2024…
“Mermaid Inn owners ‘super sad’ to close Upper West Side location after 15 years” The Mermaid Inn, a perpetually popular eatery at 570 Amsterdam Ave. for 15 years, will close on Oct. 16. Owners Danny Abrams and Cindy Smith said that they mutually agreed with the building’s new owners, a local partnership, to terminate their…
“PR firm Edelman bucks work-from-home trend with renewed lease in Hudson Square” As Manhattan’s physical office occupancy continues to fluctuate around 41%, as per Kastle Systems’ Back-to-Work Barometer, it seems counterintuitive that many companies show no sign of cutting back their space. In one of this year’s largest rebuttals to the “work from home” panic, public…
“Brookfield Place defies pandemic pains to thrive downtown with new lease deals” Brookfield Place survived 9/11 (which buried the complex in ash) and the Great Recession (which drained some large office tenants). Superstorm Sandy hardly laid a glove on it. Now, the 14-acre commercial complex that was originally called the World Financial Center is weathering…