JLL's Konsker, Astrachan and Polhemus lease 6,228 s/f
NPD Group, has signed a new lease at 31 Penn Plaza, occupying 6,228 rentable s/f on a portion of the 4th floor for a seven-year term. The NPD Group provides global information and advisory services to drive better business decisions. By combining unique data assets with unmatched industry expertise, NPD Group helps clients track their markets, understand consumers, and drive profitable growth. Mitch Konsker, Matthew Astrachan and Matt Polhemus of Jones Lang LaSalle represented the landlord, Savanna, while Adam McCostlin and Dirk Hrobsky of DTZ represented the tenant.
A relatively small funding default can activate contractual remedies affecting a much larger ownership interest. Two June 2026 decisions from the Appellate Division, First Department, including one involving a hotel investment, show how disputes over capital calls can evolve from funding disagreements into disputes over ownership, control, and exit.
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