News:
Brokerage
Posted: February 21, 2017
Schuham and Taubin of Savills Studley represents RSM for 95,000 s/f; Bow and Romeo of Durst Org. act for ownership
4 Times Square - Manhattan, NYManhattan, NY According to The Durst Organization, RSM US LLP has signed a 15-year lease for 95,000 s/f on the entire 10th, 11th and partial 12th floors of 4 Times Sq. The 10th floor also includes a 2,100/f terrace overlooking Broadway.
4 Times Sq. is currently undergoing a $100+ million capital improvement program that includes new entrances, a lobby renovation, new elevators and HVAC system and a 40,000 s/f tenant amenity and conference center space.
RSM was represented by Savills Studley’s executive vice president, director, Richard Schuham and executive managing director Greg Taubin. The Durst Organization was represented in-house by senior vice president of leasing Tom Bow and vice president of leasing Rocco Romeo.
“We are pleased to welcome RSM to 4 Times Square and the Durst portfolio” said Jonathan (Jody) Durst, President of The Durst Organization. “One of the unique features of the building is its 11 terraces ranging in size from 330 to 5,750 square feet. The RSM team will enjoy spectacular views of the Times Square bowtie from their private 10th floor terrace.”
RSM US LLP is a leading provider of audit, tax and consulting services focused on the middle market. We guide our clients through business challenges by understanding their needs and bringing together the right team to address them. With 9,000 professionals and associates in 86 cities nationwide and access to more than 38,300 people in 120 countries through our membership in RSM International, we can meet your needs wherever in the world you do business.
The Durst Organization, founded in 1915 by Joseph Durst, is the owner, manager and builder of 13 million square feet of premiere Manhattan office towers and 1,950 residential rental units with 3,400 in development. The Durst Organization is recognized as a world leader in the development of high-performance and environmentally advanced commercial and residential buildings.
Tags:
Brokerage
MORE FROM Brokerage
Delisle and Monahan of Island Associates lease 45,000 s/f to Giunta’s Meat Farms at Strathmore Commons
Middle Island, NY Roger Delisle and Robert Monahan of Island Associates negotiated the lease for the Giunta’s Meat Farms to occupy 45,000 s/f at Strathmore Commons.
.jpg)
Quick Hits
.gif)
Columns and Thought Leadership
Strategic pause - by Shallini Mehra and Chirag Doshi
Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent
Lasting effects of eminent domain on commercial development - by Sebastian Jablonski
The state has the authority to seize all or part of privately owned commercial real estate for public use by the power of eminent domain. Although the state is constitutionally required to provide just compensation to the property owner, it frequently fails to account
AI comes to public relations, but be cautious, experts say - by Harry Zlokower
Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,
Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian
Let’s be real: if you’re still only posting photos of properties, you’re missing out. Reels, Stories, and Shorts are where attention lives, and in commercial real estate, attention is currency.
.gif)