News: Brokerage

CBRE completes five office leases totaling 48,729 s/f in New York City

New York, NY CBRE Group, Inc. has brokered five office leasing transactions in New York City totaling 48,729 s/f:
  • CBRE’s Michael Movshovich and Taylor Scheinman represented Aksia LLC at 599 Lexington in a 17,627 s/f direct expansion on the entire 37th floor. The term was 12 years. CBRE’s Evan Fiddle, Christie Harle, Caroline Merck, Arkady Smolyansky and Peter Turchin represented the landlord.
 
  • CBRE’s Rob Wizenberg represented Volant Trading at 4 World Financial Center, 250 Vesey Street in a 13,052 s/f direct lease on the partial 26th floor. The term was 11 years. Brookfield was represented in-house by David Cheikin and Justin Coulter and by JLL’s Michael Berman.
 
  • CBRE’s Rocco Laginestra represented CAA Sports at 470 Park Avenue South in a 9,686 s/f sublet on the entire 16th floor. The term was five years. Newmark Grubb Knight Frank’s Allen Gurevich represented the landlord.
 
  • CBRE’s Paul Walker represented St. Jude Medical, Inc. at The News Building, 220 East 42nd Street in an 8,364 s/f direct lease on the partial 4th floor. The term was seven years. SL Green’s Jeremy Bier represented the landlord.
 
  • CBRE’s Jeffrey Kilimnick and Robert Kluge represented Young Conaway Stargatt & Taylor, LLP at 1270 Avenue of the Americas in a direct renewal on the partial 22nd floor. Tishman Speyer’s Samantha Augarten, Blythe Kinsler and Joshua McGuire represented the landlord.
 
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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
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.
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
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,