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Malkin Raises the Ante for 2011: 490K Feet at Empire State Building
350 Fifth Avenue The Empire State Building is no stranger to grand entrances, but Li & Fung managed to muster an extra dash of drama. The Hong Kong-based clothing conglomerate has signed a...
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EXCLUSIVE: In TF Cornerstone Leasing Switch, Matt Leon Takes the Reigns...
A shakeup is at hand within the agency leasing team that handles the sizeable Manhattan office portfolio of the real estate investment company TF Cornerstone. Matt Leon, a young and upcoming executive...
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Weakest Leasing in 18 Years: Experts
Leasing activity plummeted during the first quarter of the year, by some preliminary estimates by as much as 40 percent. Peter Hennessy, president of the New York region for the brokerage company...
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The Heart of Manhattan: Why Midtown is Starting to Make Sense, Again
Midtown is starting to matter again. At least that’s the view to take from commercial real estate deals like Japanese financial firm Nomura Holding’s $60-per-square-foot, 20-year lease for a plush...
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Engineering Firm Inks Space at 1001 Avenue of the Americas
R.G. Vanderweil Engineers, an engineering consulting firm, has signed on for 8,715 square feet of space at 1001 Avenue of the Americas. The lease is for a 10-year term and will see the firm, due to...
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The Storm Chaser: Alexander Chudnoff on Post-Sandy NYC Recovery Efforts
Alexander Chudnoff, a commercial leasing broker who takes pride in strengthening relationships with clients through “impeccable service,” was especially busy in the aftermath of Hurricane Sandy. The...
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Li & Fung Subsidiary Expands at 1359 Broadway
1359 Broadway. (ESRT) A division of Hong Kong-based retail supply-chain manager Li & Fung will grow its footprint at Empire State Realty Trust's 1359 Broadway through a seven-year,...
View ArticleLinkedIn Links Vacated Space to Grow at Empire State Building
LinkedIn inked a lease to expand its footprint in the Empire State Building. The social media site, which focuses on connecting business professionals, is adding a space that retail supply-chain...
View ArticlePapyrus Takes Space in Penn Plaza Market
Stationery store Papyrus is opening a new store at 1359 Broadway between West 36th and West 37th Streets, Commercial Observer has learned. Papyrus has scored 1,187 square feet on the ground floor at...
View ArticleSoftware Company Takes 24K SF at ESRT’s 1359 Bway
Sisense, a data analytics firm, has taken a full 24,000-square-foot floor at 1359 Broadway at the northwest corner of West 36th Street, Commercial Observer has learned. A spokeswoman for landlord...
View ArticleSee Spotify Run: JLL’s Alex Chudnoff Explains a Very Big FiDi Lease He Inked
It’s not every day that Gov. Andrew Cuomo holds a press conference to announce a lease, but in the middle of February, New York’s top elected official did just that. He ended months of speculation...
View ArticleGBG USA’s Bankruptcy Overshadows ESRT’s Q2 Earnings Recap
A recent bankruptcy filing by GBG USA — the North American arm of retail company Global Brands Group (GBG) — overshadowed much of the talk during Empire State Realty Trust’s (ESRT) second-quarter...
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