Turino of SL Green reps landlord in 20,987 s/f lease office renewal; Bazar of Cushman & Wakefield reps tenant
According to SL Green Realty Corp., Putney, Twombley, Hall & Hirson LLP, has renewed its 20,987 s/f lease covering the entire 10th floor at 521 Fifth Ave.
The building has recently undergone a $15 million redevelopment. Capital improvements included a new lobby, storefronts, elevator cabs, windows, and infrastructure upgrades.
"Putney, Twombley, Hall & Hirson has been a tenant at 521 Fifth Ave. for more than 20 years. It's gratifying that a firm with such a prestigious history has elected to reaffirm its commitment to the building," said Steven Durels, executive VP and director of leasing and real property for SL Green.
"We are pleased that our headquarters will remain at 521 Fifth Avenue," said Daniel Murphy, managing partner of Putney Twombley. "Our home of so many years where both clients and our employees can easily access us."
Melissa Bazar of Cushman & Wakefield represented the tenant, while SL Green VP David Turino acted in-house on the landlord's behalf.
Putney Twombley was represented in-house by Stephen Marci Esq. and Joan Thompson represented the landlord in-house at SL Green.
Manhattan, NY Construction Management and Builders, Inc. (CM&B) has completed construction of Activate Games’ first US flagship store in New York City, transforming a historic Union Square retail destination into a 15,000 s/f active gaming experience where players become part of the game.
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.
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 (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,
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