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
AI comes to public relations, but be cautious, experts say - by Harry Zlokower

AI comes to public relations, but be cautious, experts say - by Harry Zlokower

Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,
Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

The state has the authority to seize all or part of privately owned commercial real estate for public use by the power of eminent domain. Although the state is constitutionally required to provide just compensation to the property owner, it frequently fails to account
Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Let’s be real: if you’re still only posting photos of properties, you’re missing out. Reels, Stories, and Shorts are where attention lives, and in commercial real estate, attention is currency.
Strategic pause - by Shallini Mehra and Chirag Doshi

Strategic pause - by Shallini Mehra and Chirag Doshi

Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent