NEW YORK CITY-Officials at the San Francisco-based firm are seething over a published report stating that it had submitted one of the many losing bids to buy the building and insinuating that it was booted from leasing and management duties at the property.
NEW YORK CITY-Two law firms move into newly renovated spaces; one a full floor at the just-refurbished 430 Park, the other a two-floor arrangement at 488 Madison. Aggregate space exceeds 50,000 sf.
NEW YORK CITY-The Germany-based global bank will run its US operations from a 25,000-sf space in the former IBM building. New trading floors, data rooms and offices under construction.
NEW YORK CITY-The vitamin and nutritional supplement manufacturer chooses New York over Illinois in stiff competition. The new plant will be constructed adjacent to the Long Island-based company's soft gel cap facility in Islip's Bayport community.
NEW YORK CITY-Huntington, Long Island-based Winona Realty Ventures closes on the land, located within the New Horizons Planned Industrial Park, and now plans to develop it. Insignia/ESG, which brokered for the seller, has been hired to market the planned building.
NEW YORK CITY-Established Downtown Antiques seller Henro leaves its eight-year home at 462 Broome St. for more than twice the space at 66 Crosby St. The 10-year deal was signed at close to $60 per sf.
CAMBRIDGE, MA-Clark, Hunt & Embry, a general practice law firm that is looking to expand, signs an 11,180-sf lease at 55 Cambridge Pkwy. The 276,000-sf building, located on the Charles River, will be nearly leased up once a number of pending contracts are finalized.
NEW YORK CITY-Insignia Financial Group has signed an agreement with Cape Town-based Broll Property Group that will extend Insignia's reach throughout South and Sub-Saharan Africa, including Madagascar, Seychelles, Mauritius and Comores.
NEW YORK CITY-NTV International takes roughly 5,000 sf of ground floor retail space at 304 Hudson St. to house its broadcasting facilities and leases more than 11,000 sf of office space on the building's fourth floor.
NEW YORK CITY-Increased governmental scrutiny and litigation fears are making environmentally damaged properties a tougher sell than ever. New Research released by Chubb Environmental Solutions says less than half of such deals ever make it to closing.