News: Brokerage

SL Green arranges 47,763 s/f lease expansion at 919 Third Avenue; Gottlieb and Laginestra of CBRE rep Bloomingdales

SL Green Realty Corp. (SLG) revealed that Bloomingdales has expanded its office space at 919 Third Ave. by signing a 10-year lease covering 47,763 s/f on the entire sixth floor of the 47-story building, located only four blocks south of its flagship store. Bloomingdales now occupies a total of 204,442 s/f in the 1.5 million s/f building. "We've enjoyed a long term relationship with Bloomindales and were delighted to accommodate their growth at 919 Third Ave.," said Steven Durels, executive vice president and director of leasing and real property at SLG. Debevoise & Plimpton and Schulte Roth & Zabel are among the office tenants who are joined at the building with the historic PJ Clarke's Restaurant. Scott Gottlieb and Michael Laginestra from CBRE represented Bloomingdales while SLG acted on behalf of itself.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,
Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

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