News: Brokerage

Bowen and Nottingham of Studley rep. Buro Happold in 39,000 s/f lease

Buro Happold Consulting Engineers, the U.S. subsidiary of an international engineering firm, has expanded its presence at 100 Bdwy. to just shy of 39,000 s/f, having signed a lease for the entire 14th floor, according to the firm's real estate advisor, international commercial real estate services firm Studley. The firm opened its first U.S. office of FTL-Happold in New York in 1992 to produce designs for lightweight fabric structures. In the late 1990s increasing demand to provide structural and MEP solutions for a wider range of building types and design challenges resulted in the establishment of Buro Happold in New York. "Buro Happold moved to 100 Bdwy. in January 2006, when it leased the top two floors of the building, 23 and 24. In less than two years the firm has grown its business in the United States to such a degree that it needed an additional floor," said, Allyson Bowen, Studley assistant director, who along with executive managing director Howard Nottingham represented the tenant. Some of the firm's most notable projects in the U.S. include: the Kogod Courtyard at the Smithsonian American Art Museum and National Portrait Gallery and the United States Institute of Peace both in Washington, D.C.; Crystal Bridges Museum of American Art in Bentonville, Arkansas; the Harvard Allston Science Complex in Cambridge, Massachusetts; and the Experimental Media and Performing Arts Center at Rennselaer Polytechnic Institute (RPI) in Troy, New York. In 2006, Buro Happold moved from 105 Chambers Street to 100 Broadway. Bowen, said, "The firm wanted to stay Downtown and found the two top floors at 100 Broadway, with its sweeping views and wrap-around terrace, and the building itself possessed design elements to effectively convey the firm's culture." The landlord was represented by Ed Goldman and Scott Slopes of CB Richard Ellis.
MORE FROM Brokerage

REALM, DelShah Capital and A.M. Properties acquire 377,000 s/f CitySpire office condominium

Manhattan, NY REALM, in partnership with DelShah Capital and A.M. Properties, acquired  CitySpire, a 377,000 s/f office condominium comprising 24 floors within the 70-story tower at 156 W 56th St. in Midtown. Adjacent to Central Park with transit access and amenities, CitySpire is a Class A office asset located in one of the city’s most sought-after office corridors.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.
A fresh start - by Shallini Mehra and Amit Doshi

A fresh start - by Shallini Mehra and Amit Doshi

For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
Tri-state capital  migrates nationally amid  regulation pressure - by Reese Weaver

Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver

New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,