Category: New York City

Manhattan, NY According to The Durst Organization, two commercial towers have officially been rebranded to capitalize on their location near Grand Central Terminal. The renaming of 655 Third Ave. to 5 Grand Central East and 733 Third Ave.

Manhattan, NY The Schwarzman Animal Medical Center (AMC) — one of the world’s largest veterinary teaching hospitals and NYC’s only Level 1 veterinary trauma centers— has completed the hospital’s 83,000 s/f, $125 million expansion and renovation. The completed final phase of construction includes a new emergency room and new facilities for cardiology, radiology, ophthalmology, neurology, and internal medical services.

Manhattan, NY JRM Construction Management has completed a comprehensive facility expansion for The School of American Ballet (SAB) at Lincoln Center for the Performing Arts

Manhattan, NY Klosed Properties and Namdar Realty Group acquired a fully-leased retail condominium at 140 Essex St. in the Lower East Side for $7.55 million. The property was purchased from Taconic. The 10,193 s/f retail condominium is 100% occupied and features approximately 140 ft. of frontage along Essex St.

Manhattan, NY A new report issued by the Real Estate Board of New York (REBNY) finds that New York City is falling behind its goal of producing 500,000 new units of housing by 2034. REBNY’s New Housing Development Pipeline Report provides an in-depth analysis

Manhattan, NY The New York State Office of the Attorney General has expanded and extended its long-term presence at 28 Liberty St., committing to a total of 378,438 s/f at the office tower. The transaction includes an extension of the existing 342,484 s/f the AG occupies across floors E13–21 and E23. The tenant also signed a long-term lease for an additional 35,954 s/f on the entire twenty-second floor.

Manhattan, NY According to GFP Real Estate, LLC, three tenants, Applause, The Avondale Group Inc. and Hoffman Matlin & Monroy, LLP, have signed leases totaling 18,103 s/f at 505 Eighth Ave., strengthening the building’s mix of professional services

Manhattan, NY Avison Young’s Brandon Polakoff, James Nelson and Charles Kingsley arranged the $63 million sale of a Hudson Sq. development site, which features 125,900 buildable s/f as-of-right and 226 ft. of wraparound frontage, located at 68-76 King St. on behalf of the seller. The buyer, Avdoo, plans to build a high-end residential project on the site, which features a six-story, 68,476 s/f office building.

strong>Manhattan, NY According to Koeppel Rosen LLC, Unity Building Security, Inc. has signed a 3,439 s/f office lease for a portion of the seventh floor at 20 West 36th St. The family-owned NYC-based firm specializes in building protection and life-safety services.

Manhattan, NY Jonata Dayan, executive vice president of commercial co-op and condo sales, and Jeffrey Zund, executive director/head of leasing of Resolution Real Estate, a member of NAI Global, represented the owner of Liberty Bagels in the purchase of 5 East 47th St. for $9.4 million.

Manhattan, NY Cushman & Wakefield arranged a 16,051 s/f lease on behalf of owner and occupier Sullivan & Cromwell at 125 Broad St. Newly formed law firm Harris Trzaskoma, LLP will open its headquarters on a portion of the 10th floor.

Manhattan, NY Tokio Marine Group has signed leases for two full floors at 825 Third Ave. in Midtown. Tokio Marine America (TMA) and Tokio Marine North America Services (TMNAS) will occupy 11,816 s/f on the entire 23rd floor and are relocating from 590 Madison Ave.