Front Section

Fisher Brothers negotiates three leases at
299 Park Ave. totaling 61,300 s/f

Manhattan, NY Fisher Brothers revealed that over 60,000 s/f of leasing activity took place at 299 Park Ave. Becker, Glynn, Muffly, Chassin & Hosinski LLP, a full-service law firm, renewed its 6,300 s/f lease as a direct tenant. Investment company and current occupant of Fisher Brothers’

IREON New Member Profile: Kenny Eisman, vice president of Hub International

What do you do now and what are you planning for the future? Property and casualty insurance broker, I plan on doing this for a long time! One fun fact about you is: When I was younger, I did some work as a background actor on TV shows

Clune Construction relocating NYC headquarters to The Durst Organization’s 655 Third Ave.

Manhattan, NY The Durst Organization said that Clune Construction is moving the general contractor’s New York City headquarters to 655 Third Ave., taking the entire 10th floor. 655 Third Ave. has seen leasing momentum over the past year.

Williams Equities and Citi Real Estate Funding close
$155 million CMBS refinance of 28-40 West 23rd St.

Manhattan, NY Williams Equities has completed a $155 million CMBS loan for the group’s 28-40 West 23rd St. property. Citi Real Estate Funding Inc. is the lender on the five-year loan.

KeyPoint Partners leases 80,000 s/f
to Apple Cinemas at City Center

White Plains, NY KeyPoint Partners (KPP) negotiated a new lease for its expanding cinema client Apple Cinemas for a location at City Center. Apple Cinemas will replace the former Showcase Cinema Deluxe. Vice president of retail brokerage Don Mace

SL Green signs leases totaling
104,110 s/f at One Madison Ave.

Manhattan, NY SL Green Realty Corp. made known three new tenants have signed leases covering 104,110 s/f at One Madison Ave. The 1.4 million s/f, new office tower located in the Midtown South submarket is now 63.6% leased with the lease up of all tower

Project EATS expands with office at Essex Crossing

Manhattan, NY Delancey Street Associates, a joint venture of Taconic Partners, L+M Development Partners, BFC Partners, the Prusik Group, and the Urban Investment Group within Goldman Sachs Asset Management

Convene signs 22,519 s/f expansion at 360 Madison Ave. - total 68,000 s/f

Manhattan, NY Convene has signed the entire 22,519 s/f level six floorplate of 360 Madison Ave., growing to 68,000 s/f across the fourth, fifth, and sixth floors.

The impact of rent regulation - by Robert Khodadadian

For landlords, the playbook had long been simple and lucrative: buy run-down buildings that are, in New York lingo, rent-stabilized, fix them up, pass along the expense to tenants by raising rents (allowed under the regulations), cash out, and repeat.

Island Associates brokers two long-term retail leases

Middle Island, NY Island Associates negotiated a long-term lease extension with Lemon Tree Salon for 1,200 s/f at Strathmore Commons. Lemon Tree has been a tenant for over a decade.