Lease Beat: 3.16.10
The latest big-time commercial leases in New... READ MORE»
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The latest big-time commercial leases in New... READ MORE»
116 West Houston Street Last summer, Payard Patisserie and Bistro ended its more-than-a-decade-long run serving up feats of confectionary invention to Upper East Side socialites. Though third-generation pastry chef François Payard has since been opened a chocolate boutique on the fourth floor of the Mauboussin jewelry shop on Madison Avenue, his new shop in Greenwich Village promises to rival the scope of his earlier bistro and... READ MORE»
2625 Broadway When Urban Outfitters last year declared its intent to renovate a landmarked theater on the Upper West Side, the outcry was swift. Although the Metro Theater stood empty, its interior Deco flourishes gutted several years ago, news that the national retailer planned to set up shop there sparked a wave of protestation. The theater was all that remained of an upper Broadway once dense with small theaters and independent... READ MORE»
44 West 18th Street National Reprographics, a large print and imaging firm, renewed its 33,250-square-foot space in the... READ MORE»
Shiseido, Japan's largest cosmetics company, began selling skin lotion in 1897. The lotion, Eudermine, is still sold today, though the company has expanded into just about every other beautifying sector imaginable. Shiseido's American subsidiary, meanwhile, is renewing its Third Avenue headquarters, just down the street from where beauty competitor Avon recently secured a major lease at 777... READ MORE»
Before they were flashes of pixels jettisoning across screens, books meant pages and crackling spines and penned notes in the margins. Although bookstores may be closing, Dumbo's recently opened art gallery Central Booking is devoted to those strange relics of pre-Kindle... READ MORE»
The M.T.A., never known for lightning-speed feats of renovation, recently announced a scaled-back strategy that involves tempering the verb "renovate" with the idea of "station renewal," a process that may include repairing lights, signs and other individual subway components. Nevertheless, when it comes to office space, the M.T.A.'s new digs at SL Green's 333 West 34th Street sport some lovely new renovations... READ MORE»
Arsenal Capital Partners, a private-equity firm with offices in Shanghai and New York, had one major stipulation for its new space: It had to be on Park Avenue. That was the dictate given to CB Richard Ellis' Roshan Shah and Keith Caggiano when they were hired by Arsenal six months ago. It quickly became apparent, however, that in a city of vacancies, Park Avenue is something of an exception. "It's unbelievable," Mr. Shah said.... READ MORE»
The notable new leases in New York commercial real estate, including a major accounting firm unfolding more in Silverstein's 529 Fifth... READ MORE»
Mark Krueger & Associates is a firm devoted to what it calls health care constituencies relations. In other words: regulatory agencies, medical groups, patient advocacy organizations and the media.... READ MORE»
Bedbugs, New York's near epidemic plague du jour, is at least good news for the various boutique extermination endeavors chewing their way across the city. Among them is Stop Pest Control, centrally located in the garment district. After outgrowing its 3,600-square-foot space at 212 West 35th Street, the company is now taking the building's entire 10th floor, swelling to roughly 5,000 square... READ MORE»
Meatpacking district vet Old Homestead Restaurant has long touted its pre-Revolutionary roots and a staunch belief in four food groups, all of which include beef. Now it seems some of its space is being cut into by a newcomer with a decidedly less steakhouse philosophy. Le Pain Quotidien, of the communal tables and organic loaves, is ticking another Manhattan neighborhood off its... READ MORE»
Citrin Cooperman & Company, the nation's 33rd-largest accounting firm, is expanding during the worst recession to hit New York since the 1930s. Talk about good marketing. Citrin has signed a lease for 75,000 square feet in Silverstein Partners' rather unexceptional-looking granite-and-dark-glass-clad 529 Fifth Avenue, 57,000 square feet of which is a renewal and 18,000 square feet of which is an expansion. Both expire in... READ MORE»
445 Park Avenue Who bought John Dilinger's pistol, Johnny Carson's desk, or the wristwatch Buddy Holly was wearing when he died? We may never know. But the purveyors of such celebrity relics will at long last have a permanent home in New York. This week, the Dallas-based Heritage Auction Galleries, the world's largest collectibles auctioneer, made a successful bid for ground-floor space at 445 Park... READ MORE»