News:
Brokerage
Posted: October 27, 2015
Savitt Partners leases 13,500 s/f to RDG Global
Nicole Goetz, Savitt Partners
Bob Savitt, Savitt Partners
Manhattan, NY RDG Global LLC, a juniors and contemporary fashion company with several popular brands, has inked a 13,500 s/f lease at 530 Seventh Ave., extending its current lease of 9,700 s/f on the 3rd floor and expanding into the neighboring 3,800 s/f space overlooking Seventh Ave. Brian Neugeboren and Marc Schoen of Savitt Partners represented RDG Global, while the Savitt Partners team of Nicole Goetz and Bob Savitt acted on behalf of the ownership.
RDG Global is a contemporary young miss fashion company focusing on sweaters, junior/missy, and contemporary collection. Its different brands include: All@Once, Cloud Chaser, Freshman, Misrule, Wild Majesty.
Built in 1930, 530 Seventh Ave. is located in Midtown’s Garment District. The property is home to The Skylark, a classically styled cocktail lounge for entertaining, and Space530, the area’s premier, full-service co-working space. Major tenants in the property include a diverse mix of creative use tenants such as the P/R and marketing firms J Public Relations, Maison Mrkt, Big Picture PR and Suite Public Relations; technology firms such as Media.Net and Audio Technologies; and high end fashion and accessory brands such as Hugo Boss, Perry Ellis, New Balance, Asics, and Boo.com.
About Savitt Partners
Savitt Partners is a full-service commercial real estate company headquartered in New York City. Founded by Bob Savitt, the firm owns and/or operates a portfolio totaling over two million square feet of premier office and showroom buildings throughout Manhattan, including 530 Seventh Avenue, 218 West 40th Street, 499 Seventh Avenue, 11 West 19th Street, 1385 Broadway, 142 West 36th Street and 234 West 39th Street. In addition to overseeing the leasing and management of its own assets, the firm provides superior leasing, asset and property management and investment services to other quality owners and tenants.
Tags:
Brokerage
MORE FROM Brokerage
REALM, DelShah Capital and A.M. Properties acquire 377,000 s/f CitySpire office condominium
Manhattan, NY REALM, in partnership with DelShah Capital and A.M. Properties, acquired CitySpire, a 377,000 s/f office condominium comprising 24 floors within the 70-story tower at 156 W 56th St. in Midtown. Adjacent to Central Park with transit access and amenities, CitySpire is a Class A office asset located in one of the city’s most sought-after office corridors.
Columns and Thought Leadership
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
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,
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.