News:
Brokerage
Posted: October 16, 2018
Friedman of Lee & Associates NYC arranges 65,068 s/f lease
New York, NY Alan Friedman, executive managing director, of Lee & Associates NYC has arranged a 15-year, 65,068 s/f lease on the entire 31st and 32nd floors at Vornado Realty Trust’s 909 Third Ave., a 33-story building, for the headquarters of Sard Verbinnen & Co (SVC), a leading strategic communications firm with eight offices in the United States, Europe and Asia. The firm is moving its New York office from a 50,000 s/f space at 630 Third Ave. in the Grand Central market.
“With eight offices in key markets around the world, SVC has a global reach,” said Friedman, who represented the tenant. “This new lease will enable SVC to meet their current and future needs, which is essential in light of their continuing growth.”
SVC offers an array of communications services including corporate positioning, mergers and acquisitions, crisis communications, public affairs, corporate governance, litigation support and investor relations. Founded in 1992, the firm has more than 200 employees.
Vornado Realty Trust was represented in-house by Edward Riguardi and Ryan Levy.
Tags:
Brokerage
MORE FROM Brokerage
Liberow and Benshar of Asset CRG Advisors arrange $18.1 million ground lease transaction for 358 Flatbush Ave. development site
Brooklyn, NY Asset CRG Advisors recently facilitated the disposition of 358 Flatbush Ave., a Brooklyn development site situated at the intersection of Park Slope and Prospect Heights overlooking Grand Army Plaza and Prospect Park.
Quick Hits
Columns and Thought Leadership
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
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,
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,
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
