News: Brokerage

Durels, Tenenbaum, and Rosen rep SL Green Realty Corp. in-house for 72,080 s/f lease renewal with IMG Worldwide

SL Green Realty Corp. revealed that IMG Worldwide has renewed and expanded its lease commitment at 304 Park Avenue South covering a total of 72,080 s/f for 15 years. IMG Worldwide is a global sports, fashion and media business operating in more than 30 countries around the globe. IMG represents the world's top models, leading designers, elite athletes, coaches and industry executives. 304 Park Avenue South is a 210,000 s/f, 12-story property located directly across from Madison Square Park. The building is located in the heart of the midtown south market and features immediate proximity to mass transportation, 18,000 s/f floors and recent lobby and elevator upgrades which make it ideal for creative, high profile companies searching for space within one of the country's best sub-markets. "We're thrilled to have been able to satisfy IMG's growth requirement and we look forward to continuing their long term occupancy as the building's anchor tenant," said Steven Durels, executive vice president and director of leasing and real property for SL Green Realty Corp. CBRE's Michael Laginestra, Rocco Laginestra and Christopher Mansfield represented IMG in the transaction, while Durels, Howard Tenenbaum and Gary Rosen acted in-house on behalf of SL Green.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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: 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
Positive forecast for New York’s pro-housing push? - by Philip Butler

Positive forecast for New York’s pro-housing push? - by Philip Butler

New York’s housing crisis remains a hot button topic despite growing consensus that varied and affordable housing is desperately needed statewide. Governor Hochul has recently introduced several initiatives to overcome N.Y.’s anti-housing
A guide to finding the right NYC property management company - by Sanjay Gandhi

A guide to finding the right NYC property management company - by Sanjay Gandhi

Being a small to midsize landlord in NYC is an increasingly demanding endeavor. From navigating complex regulations, increased compliance demands to dealing with tenant issues and remediating violations. It is wise to enlist the assistance of a partner, a professional