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Studley

2 By Daniel Edward Rosen 1/31 12:17pm

power broker

Donald Trump Jr. (photo credit: Hannah Mattix)

Trump Card: The Rise of 40 Wall Street and its Steward, Donald Trump Jr.

“For us, we had to do something different,” said Donald Trump Jr. last week, his voice rising with excitement.

Freshly tanned from a recent visit to Mexico, where he was overseeing a new project, the slicked-back scion grew steadily more enthusiastic as he discussed 40 Wall Street, an office tower that, with its rising and falling tenant roster, has contributed to the Trump Organization executive vice president’s growing reputation as a competent steward of the family name, a reliable fixer and successful dealmaker in his own right. Read More

By Daniel Geiger 1/24 11:08am

Postings

1391 REBNY 116th Annual Banquet, 1.19.12

Walking the REBNY Ballroom: Hungry Brokers, Angry Lapidus

Speeches were casually ignored, drinks were spilled and bonds were formed at last Thursday’s 116th annual Real Estate Board of New York Gala, which this year drew an estimated 2,000 brokers, owners, advertising buyers and real estate reporters to the New York Hilton for an evening of conviviality, honorifics and hushed deal making. Among the fray was Commercial Observer staff writer Daniel Geiger, who during the course of the evening saw his stenopad tossed by an irate real estate broker and who unabashedly accosted Studley’s Woody Heller in the hotel’s bathroom, all for the sake of the story. Below, a timeline of gala comings and goings, from the innocuous gossip down to the downright obnoxious.  Read More

By Daniel Geiger 1/17 12:04pm

Lease of the Week

Starrett-Lehigh Building. (Courtesy Property Shark)

“The Most Complicated Deal I Personally Have Handled.”

It’s not uncommon to hear Manhattan’s real estate market characterized as sophisticated or complex.

Not every day, however, does a requirement as straightforward as Dentsu McGarryBowen’s uncork such an elaborate and interconnected series of transactions as it did at the Starrett-Lehigh Building.

A longtime tenant in the 2.3-million-square-foot building and one of the property’s largest users, the advertising firm needed to expand. But there was a small problem: Despite its size, the building—an artsy, far West Side location popular among creative tenants—had virtually no available space.

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By Daniel Edward Rosen 12/07/11 3:00pm

ICSC

The Flatiron District, one of many suggested "hot" "new" neighborhoods.

Q: The City’s Next Hot Neighborhood? A: Take Your Pick

To seasoned retail brokers, the very concept of the next big neighborhood in a city that has been developed several times over is, well, naïve. Still, as The Commercial Observer recently learned, most are still looking for a reason to believe.

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By Daniel Edward Rosen 12/07/11 1:00pm

Whale Watch

The Category Killer.

Wooing Walmart: NYC brokers still have eyes for elusive retailer

The weekly phone calls. The dinner invites. The gifts.

When representatives from Walmart, the nation’s largest retailer, waltz into the New York Hilton for this year’s two-day International Council of Shopping Centers conference, many of the city’s most intrepid retail brokers will be close behind them, perhaps even plying those officials with compliments, dinner invitations and business opportunities.

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By Jotham Sederstrom 12/07/11 11:40am

the sit-down

Patrick Breslin. (Illustration: Joao Maio Pinto)

Patrick Breslin, Studley’s East Coast Retail Services Pro

In September, retail brokerage veteran Patrick Breslin joined Studley as executive vice president of East Coast Retail Services, a division that, until now, the international real estate firm never had reason to focus on. The former president of Grubb & Ellis’s U.S. retail division and a retail broker at CBRE, Mr. Breslin, 50, spoke about his strategy at the International Council of Shopping Centers this week, his goals for Studley’s new East Coast Retail division and father Jimmy Breslin’s views on commercial real estate.



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By Daniel Edward Rosen 11/17/11 12:44pm

The Lease Beat

681 Fifth Avenue is filling up quick.

Three Tenants Sign at 681 Fifth Avenue

The owners of 681 Fifth Avenue, a building that already counts aspiring global fashion company Belstaff as a tenant, has brought on three new tenants into its fancy fold, including financial firms Peregrine Financial Group and Altum Capital Management.

Apex Bulk Carriers, an international owner of large shipping vessels, also signed a lease to take up the entire 11th floor.

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2 By Jotham Sederstrom 11/16/11 12:46pm

The Plan

CO-Page 34-The Plan

The Plan: Quirky, 601 West 27th Street

In June, the rapidly growing product development social network Quirky inked a deal for 27,500 square feet at 601 West 27th Street, a former ministorage facility currently in the process of converting into offices for a number of other tech companies. Otherwise known as the Terminal Warehouse Building, the seven-story, 1.2 million-square-foot property near 11th Avenue was built in the late 19th Century, yet only just began leasing space to office tenants several years ago. As such, Quirky, which quadruples in size from its current space at 628 Broadway, took advantage of raw space, high ceilings and start-up friendly, loft-like floor plates. After the jump, Ben Kaufman, the company’s 25-year-old founder and chief executive and Greg Taubin, a senior managing director at the real estate firm Studley who inked the deal, reviewed the floor plan and discussed what impressed them the most.

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1 By Jotham Sederstrom 8/11/11 9:20am

lease beat

(Photo: Loopnet)

Nonprofit Growing in Newmark’s 505 Eighth

Cicatelli Associates, a public health nonprofit that uses education and research to foster healthful living, has signed a long-term renewal and expansion at the Newmark Holdings-owned 505 Eighth Avenue. Under the new deal, the group, which previously occupied part of the second floor, as well as all of the 16th and 20th will vacate its space on the second in exchange for the entire 19th, brokers involved with the deal told The Commercial Observer. Read More

1 By Jotham Sederstrom 8/11/11 9:11am

lease beat

(Photo: Trinity)

American Idol Producer to Move Into Trinity Church’s 435 Hudson

FremantleMedia, among the largest producers of reality television brands in the world, including American Idol, America’s Got Talent and loads of other shows your kids watch, has signed an 8,000-square-foot lease at 435 Hudson Street. The group will occupy part of the fourth floor of the building, in part to consolidate all of its operations under one roof. In October, the group acquired a 60 percent share of @radical.media, a global media business that is also housed at the Trinity Real Estate-owned building. FremantleMedia is expected to relocate later this year after the space is renovated. Read More

By Laura Kusisto 5/09/11 8:29pm

lease beat

Resnick Flying High on Pharma Lease

110 East 59th Street

We can't tell if it's the pre-Lehman asking rents or the prescription pharmaceuticals, but it's a little dizzying atop Jack Resnick & Sons signature tower abutting Park Avenue.

RP Management, the investment manager for pharmaceutical royalties firm Royalty Pharma, has inked a 10-year lease for 13,284-square-foot on the entire 33rd floor. The firm Read More

By Jotham Sederstrom 3/01/11 2:14pm

power broker

David Goldstein, the Skyline Changer

It was for Burberry, the iconic clothier most famous for its butterscotch-plaid scarves, that the Studley broker David Goldstein made his most memorable mark on New York's fashion industry.

During a relationship that stretches back to 2007, Burberry's executives called upon Mr. Goldstein to devise a plan for the London-based company to exit its lease Read More


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