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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…
“REBNY gala to return to seated affair in 2023” Industry bigs who had foot cramps after the Real Estate Board of New York’s annual gala last year can relax: they’ll have a place to sit next time. A REBNY rep confirmed our tip that the event, which became a floor-roaming, walkaround affair in 2022, will be…
“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….
“NYT omits condemnation history in Penn Station NYC report” Convenient to Forget Dept.: The New York Times, reporting on controversy over whether the term “blighted” truly describes the bustling neighborhood around Penn Station, left out the Times Company’s own messy history in the annals of disputed condemnations. Gov. Kathy Hochul wants to raze several blocks around…
“Landlords celebrate Manhattan’s premium-lease boom in 2022” As Manhattan’s office market wobbles unsteadily into 2023, with rising availability and shrinking corporate footprints, certain landlords have at least something to celebrate: a record number of new leases signed for more than $100 per square foot. The year 2022 saw 77 leases in the C-note club, up…
“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…
“Jay-Z joins Times Square team bidding for prized NYC casino” SL Green and Caesars Entertainment have a glam new partner in their hoped-for Times Square casino — Brooklyn-born billionaire rapper and entertainment impresario Jay-Z and his Roc Nation, Realty Check has learned. The three-way partnership, to be announced at SL Green’s annual investor conference on Monday,…