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L’Oreal Nearing Midtown South Mega-Deal
Rumors are swirling that L’Oreal, the cosmetics giant, is considering a roughly 500,000-square-foot-lease in Midtown South in what would be the latest blockbuster deal in the city's hottest market....
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Migration to Hudson Yards Predicted
The West Side of Midtown has increased its presence in the commercial real estate market within the past 20 years. The market now boasts a vacancy rate below 10 percent across all assets. “To...
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Adidas Lands at Hudson Square
Adidas will set up a showroom at 435 Hudson Street in Manhattan (photo: oct on Flickr) International athletic apparel company, Adidas, signed a 10-year, 15,220-square-foot lease at Trinity Real...
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SAP Inks 115,000 SF Lease at Hudson Yards
SAP has inked a lease for 115,000 square feet of space at the South Tower of Hudson Yards, the developers of the 15-million-square-foot project on the far west side of Manhattan announced yesterday....
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What About Bob: CBRE’s Robert Alexander on Hudson Yards
In 2005, CBRE broker Mary Ann Tighe told The New York Times that there had never been a “phenomenon quite like Bob Alexander.” What’s more phenomenal is that the 58-year-old chairman of the firm’s...
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SAP Snags Additional 31,000 SF at Hudson Yards
SAP America, Inc. has signed a 16-year lease for an additional 30,714 square feet of space at Related Companies’ South Tower at Hudson Yards, The Commercial Observer has learned. (Credit: Mayor...
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Fairway Market Inks on Far West Side at Hudson Yards
Fairway Market, the upscale grocer with more than a dozen locations across the tristate area, has inked a 46,000-square-foot deal at the center of the highly anticipated Hudson Yards complex. The new...
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Brooklyn’s City Point Lands First Office Tenant
Artist management and creative content agency Art Partner has signed a 15-year lease to occupy 10,000 square feet at the City Point in Downtown Brooklyn, becoming the development site’s first office...
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Related Hires CBRE’s Stephen Winter
On the heels of his inclusion in The Commercial Observer’s “30 Under 30” list last month, CBRE’s Stephen Winter is bouncing over to Related Companies as its new vice president of commercial leasing,...
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The House That L’Oreal Built
Back in 2011, Coach agreed to pay a reported $750 million for its 740,000-square-foot global corporate headquarters in Related’s South Tower at Hudson Yards. SAP Americaand L’Oréal USA concurrently...
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The 10 Biggest Leases of 2013
For two years in row, 1 World Trade Center scored among the city’s largest transaction, starting with 2011’s Condé Nast showstopper and following with last year’s 270,000-square-foot UGS deal. But in...
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Prolific Dealmaker Matthew Stacom Dead at 95
Matthew Stacom, a former top broker at Cushman & Wakefield and prolific dealmaker who orchestrated the sale of the development site that would become the Sears Tower, has died. He was 95. Mr....
View ArticleL’Oreal to Relocate to 404 Fifth Avenue
L’Oreal will be moving its retail store and beauty store Redken 5th Avenue NYC to 404 Fifth Avenue between West 36th and 37th Streets, as The New York Post reported. The new space consists of a 1,000...
View ArticleREBNY Honorees: Darcy Stacom, Matthew Stacom and Tara Stacom
Darcy Stacom remembers getting the call. It came about a month or month-and-a-half ago and it was really unexpected. “I wanted to call you and tell you what we’ve decided to do,” Ms. Stacom, a vice...
View ArticleWeWork Takes Roughly 62K SF at Chetrit Group’s 404 Fifth Avenue
Shared office space giant WeWork has nabbed 61,875 square feet at 404 Fifth Avenue at the corner of West 37th Street, occupying the third through seventh floors, according to CoStar Group. The 10-year...
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Celeb Style: Jewelry Designer Dannijo Finds Digs in Chelsea
Dannijo, a high-end accessories line founded by sisters Danielle and Jodie Snyder, has nabbed showroom and headquarters space at the Terminal Warehouse in Chelsea, Commercial Observer has learned. The...
View ArticleFive Must-See Offices in New York City
Never has “the office” been more synonymous with home than today. No longer does one miss the pleasures of comfy furniture or ready snacks because of long hours at work, as the modern office itself has...
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Large Vacancies Loom in Midtown as Tenants Relocate to Downtown and Far West...
Office tenants seeking large blocks of space are abandoning Midtown for trendier neighborhoods and newer buildings, driving up vacancy rates at some of the city’s biggest office towers. Law firms,...
View ArticleSweetgreen Is Sweet on Hudson Yards, With New Lease for Lots of Green
Popular fast-casual salad and grain bowl chain Sweetgreen has sealed a deal at 10 Hudson Yards, Commercial Observer has learned. The chain has taken 2,000 square feet in a 10-year deal (with options)...
View ArticleJust Roel With It: A Conversation With Roel Huinink, CEO of JFK’s Terminal 4
When Roel Huinink left his job in Oslo, Norway to return to the Netherlands last September, he thought he was going home to stay. The Dutch native, who got his start working at Amsterdam Airport...
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