News: Shopping Centers

Shiseido Americas Corp. renews 35,000 s/f lease

Shiseido Americas Corp., the U.S. subsidiary of Japan's largest cosmetics company, has renewed its lease on its 35,000 s/f U.S. headquarters at 900 Third Ave. Senior managing director John Mambrino and managing director Nicholas Farmakis of international commercial real estate services firm Studley represented Shiseido in the transaction. Shiseido is a long-term tenant at 900 Third Ave., according to Mambrino, who added that the location and the facility continue to work well for Shiseido's operation. "The landlord worked with us to satisfy Shiseido's needs and requirements to make the long-term renewal possible." The landlord, Paramount Group, Inc., was represented in-house by James VanderVliet. Founded in 1954, Studley pioneered this conflict-free business model. Today, with 19 offices nationwide and an international presence through its London office and AOS Studley throughout Europe, Studley provides strategic real estate consulting services to top-tier corporations, law firms, nonprofits, government agencies and institutions of higher education.
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2024 Year in Review: William O’Brien, M.C. O’Brien, Inc.

What noteworthy transactions or deals from this year best exemplified key market trends or shifts? I would like to say there was an outstanding transaction for me this past year but 2024 was more a culmination of long-term relationships, most of which continued to transact. Deals were smaller in many cases but we saw robust leasing both on the agency side as well as on the tenant side.

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