Irving Place Capital, an investment fund, has leased the seventh floor of 745 Fifth Avenue sources say. The firm will be moving to the space, which is 23,000 square feet, from 277 Park Avenue, where it was subleasing from the bank JP Morgan Chase.
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Credit Agricole has renewed approximately 350,000 square feet at 1301 Avenue of the Americas in one of the largest leases to get done in the second half of 2011.
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Ted Koltis had only been on the job for two months at the Paramount Group when he helped debut a novel real estate tool that, chances are, competitors will be duplicating in the very near future: a free iPad app with detailed specs for 12 million square feet of the company's office portfolio. Where before Read More
The Germany-based Paramount Group is marketing a partial stake in its ownership of the 2.4 million-square-foot 1633 Broadway building in Times Square. The group, which recently added a 49 percent stake to its majority investment last month, is now seeking to flip a similar interest in a deal that might also include equity and part Read More
In the most significant office building deal to close since Google last winter grabbed 111 Eighth for $1.9 billion, Albert Behler's Paramount Group has bought up the remaining 49 percent stake at 1633 Broadway in a deal that valued the building at $2 billion. A joint venture of Merrill Lynch and Morgan Stanley sold their interest 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 Read More
There’s just something about the Paramount Group’s coral granite 31 West 52nd Street that rubs corporate America the right way. Yet another new tenant has signed a sizable lease for space in the nondescript 30-story building.
Centerview Partners, a private-equity group that upheld its industry’s reputation for secrecy by declining to talk to The Read More
Paramount Group, which made the purchase, is apparently on a shopping spree that would make even Harry proud. Albert Behler's Paramount is apparently snapping up Read More
We reported in November about the sale, and then Silverstein Properties put out a release earlier this month acknowledging that the deal was indeed for Read More
Last month, we reported that the building went for more than $500 million, though SL Green today released a slideshow Read More
Adding the 1 million-square-foot tower near Rockefeller Center to his Read More
The 36-story, 973,000-square-foot building went to contract on July 2 and closed on August 29. In July, The New York Sun reported that this deal was in the works. The seller is the Paramount Group, Read More
If 2006 was a year that confirmed downtown’s renewed relevance, then what a way to finish. In one of the largest deals of last year, the insurance giant AIG has signed a 250,000-square-foot lease at Financial Square, at 32 Old Slip. The deal was finished late last week, with AIG and the building’s owner, the Read More
