News: Brokerage

CBRE closes seven office leases totaling 67,009 s/f in New York City

2 Penn Plaza - New York, NY 2 Penn Plaza - New York, NY
New York, NY CBRE Group, Inc. has released the firm’s latest under-20,000 s/f office leasing transactions in New York City. The form closed seven leases totaling 67,009 s/f. The deals include the following: • Jared Freede and Paul Myers of CBRE represented Urban Engineers at 2 Penn Plaza in a 12,270 s/f direct renewal on the partial 11th floor. The term was for seven years. Vornado’s Craig Panzirer and Jared Silverman represented the landlord. • CBRE’s Derrick Ades and Edward Goldman represented Stawski Partners at 360 Madison Ave. in a 12,283 s/f direct expansion for Seaport Group on the entire 23rd floor. The term was for 11 years. Lee & Associates represented the tenant. • CBRE’s Michael Movshovich and Taylor Scheinman represented KEMP Technologies at 1540 Broadway in a 9,346 s/f lease on the partial 23rd floor. Savills Studley’s David Goldstein, Greg Lawrence and Gabriel Marans represented the landlord. • CBRE’s Jeffrey Frenkel represented City Meals on Wheels at 355 Lexington Ave. in an 8,996 s/f direct renewal on the partial 3rd floor. The term was for 10 years. Rudin’s Robert Steinman represented the landlord. • CBRE’s Samuel Spillane and Bruce Surry represented Vornado Realty Trust at 40 Fulton St. in an 8,538 s/f direct lease for International Center for Traditional Justice on the entire 20th floor. The term was for two years. Colliers International’s Richard Warshauer represented the tenant. • CBRE’s Ramsey Feher and Silvio Petriello represented Capital Dynamics Inc. on a new 10-year, 8,462 s/f direct lease for the entire 17th floor at 10 East 53rd St. SL Green’s David Kaufman and Natasha Brown negotiated on behalf of the landlord along with the building agency team led by JLL’s Paul Glickman. • CBRE’s William Iacovelli and Ramsey Feher represented HSN at 545 Madison Ave. in a 7,114 s/f direct renewal for the entire 18th and 19th floors. Avison Young’s Anthony LoPresti and John Ryan represented the landlord, Thor Equities.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,
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.
Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their
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