News: Brokerage

CB Richard Ellis secures 17,156 s/f lease renewal at One Rockefeller Plaza

According to CB Richard Ellis, the firm recently arranged a 17,156 s/f lease at One Rockefeller Plaza on behalf of the consulate general of the Kingdom of the Netherlands, which renewed its space on the 11th floor for 10 years. Tishman Speyer is the landlord. "The consulate's existing lease was set to expire, and the landlord offered them good terms to renew, reflecting their credit worthiness as a tenant," said Matthew McBride, senior vice president, CBRE, who noted that consulates and missions have now become more sought-after by landlords. "This lease is also a good example of foreign faith in the importance of continuing to be in the Manhattan market." The consulate has occupied its space at One Rockefeller Center since 1993. Tishman Speyer was represented internally.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Hunt CRE question and answer: Choosing a real estate agent - by David Hunt

Hunt CRE question and answer: Choosing a real estate agent - by David Hunt

First, we will only work with one agent exclusively. The primary reason is that we want that agent to legally represent our client’s interests. In New York State, a real estate agent has a fiduciary
The art of investing in real estate - by Thomas Donovan

The art of investing in real estate - by Thomas Donovan

Real estate investing is as much an art as it is a skill. No one can time the market, or the factors that drive it, perfectly. Location, zoning, size, transportation, and neighborhood density give you a baseline for
Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt

Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt

Yes, there are lessons to be learned from the largest companies in America when comes to managing your real estate. But the decision to buy or lease real estate may not be one of
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.