News: Brokerage

SL Green Realty signs 31,916 s/f renewal and expansion with Howden Tiger

1350 Avenue of the Americas - Manhattan, NY

Manhattan, NY SL Green Realty Corp. said that Howden Tiger, a reinsurance brokerage, has signed a 10-year, 31,916 s/f renewal and expansion lease at 1350 Avenue of the Americas. Howden Tiger’s footprint now includes its currently occupied 13,287 s/f on the entire 33rd floor, together with the addition of 18,629 s/f on the entire 34th and penthouse floors.

“We’re excited to expand our highly-valued relationship with Howden Tiger,” said Steven Durels, SL Green’s executive vice president, director of leasing and real property. “Our ongoing re-investment in our buildings provide our tenants with best-in-class, healthy workplace environments to meet the demands of todays market.”

Located in the Plaza District at the southeast corner of 55th St., 1350 Avenue of the Americas is a 601,330 s/f, 35-story class-A tower.

Howden Tiger was represented by Leo Paytas of Newmark, and the landlord was represented in-house by Howard Tenenbaum and Gary Rosen.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Multi-generational multifamily owners - who’s in and who’s out - by Shallini Mehra and Amit Doshi

Multi-generational multifamily owners - who’s in and who’s out - by Shallini Mehra and Amit Doshi

Many long-time property owners are divesting from their rent stabilized properties at an increasingly rapid pace. This trend has gained momentum primarily due to the unyielding permanence of rent laws over the past six years and the increasing operating costs that continue to outstrip rent growth. In addition, the judiciary’s elongated timeline in processing evictions and tenant rent challenges,
Navigating the changing landscape of hotel Property Improvement Plans and conversion brands - by Andrew Cameron

Navigating the changing landscape of hotel Property Improvement Plans and conversion brands - by Andrew Cameron

When owners are due for a significant Property Improvement Plan (PIP), they must carefully evaluate what the best course of action is. Over the past five years, major hotel brands have become significantly more flexible with their PIP schedules.
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
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,