News:
Brokerage
Posted: August 7, 2018
Newmark Knight Frank brokers leases for Getty Images and Oscar Health; Cushman & Wakefield assists
Manhattan, NY According to Newmark Knight Frank (NKF), Getty Images will relocate to 195 Broadway from 75 Varick in Hudson Sq. Getty will occupy the entire 42,000 s/f 10th floor of the class A landmarked office building as a sublease with Sizmek.
NKF senior managing director Daniel Levine represented Getty, while Justin Royce at Cushman & Wakefield represented Sizmek.
NKF arranged for Oscar Health to take over the balance of Getty’s lease term as a subtenant. Oscar was represented by NKF president New York Tri-State Region David Falk and senior managing director Jason Greenstein.
Getty Images currently occupies the entire 5th floor at 75 Varick – 78,000 s/f. NKF worked simultaneously with the Getty team to negotiate a sublease at 75 Varick while also working on a relocation to 195 Broadway.
“The challenges we faced were finding the perfect space that fits Getty’s needs and would be available for possession in a timely fashion,” said vice president, treasury, investor relations and facilities at Getty Images, Patrick O’Shaughnessy. “We were focused on highlighting Getty’s revitalized brand and were persistent in finding a space that matched the needs of their growing aesthetic, functionality and overall business goals. 195 Broadway checked all the boxes and offered them a fresh start.”
Getty’s space at 195 Broadway is newly renovated and fully furnished, with an original floor built by Rocket Fuel. Located in the heart of the financial district, 195 Broadway neighbors iconic buildings like City Hall and the World Trade Center, which also boasts fine dining and luxury shopping at Brookfield Place.
Tags:
Brokerage
MORE FROM Brokerage
SoHo emerges as America’s most active trophy retail market as investors prioritize quality, Adirondack Capital Partners finds
Manhattan, NY Investors are increasingly concentrating capital in the country’s most coveted retail corridors, with SoHo emerging as the nation’s most active trophy retail market,
Columns and Thought Leadership
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian
There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman
July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.
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
