News: Brokerage

Horowitz, Goldman, Peck, Messina and Posy of Studley lease 23,149 s/f

The law firm of Segal McCambridge Singer & Mahoney, Ltd. has signed a lease for 23,149 s/f on part of the 11th floor of 850 Third Ave., owned by Shorenstein Properties LLC. The transaction represents a 7,000 s/f expansion for the law firm, which was formerly situated on multiple floors at 830 Third Ave. "We searched the east and west sides of Manhattan for the perfect office solution for our client, and 850 Third Ave. was the optimal Midtown choice," said Studley executive managing director Daniel Horowitz, who along with executive managing director Michael Goldman, senior managing directors Jeffrey Peck and Joe Messina, and managing director Daniel Posy represented Segal McCambridge. "The firm was attracted to the strength of the building's ownership," said Horowitz, "Which has committed to build out a turn-key above-standard law firm installation at no cost to the tenant." "The firm was pleased to be able to remain in Midtown in a building that offers competitive rental rates," said Goldman. Segal McCambridge is scheduled to move in April. Matthew Astrachan of Cushman & Wakefield acted on behalf of the landlord. Other tenants in the 623,900 s/f property include Discovery Communications, Citibank, NA, Shearman & Sterling, and Titan Outdoor. Glenn Browne, Esq. of Braun, Browne & Associates P.C. acted on behalf of the tenant, while Robin Levitt Topol Esq. of Butzel Long represented the landlord.
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
The art of investing in real estate - by Thomas Donovan

The art of investing in real estate - by Thomas Donovan

Real estate investing is as much an art as it is a skill. No one can time the market, or the factors that drive it, perfectly. Location, zoning, size, transportation, and neighborhood density give you a baseline for
Hunt CRE question and answer: Choosing a real estate agent - by David Hunt

Hunt CRE question and answer: Choosing a real estate agent - by David Hunt

First, we will only work with one agent exclusively. The primary reason is that we want that agent to legally represent our client’s interests. In New York State, a real estate agent has a fiduciary