NEW YORK CITY-The 132,000-sf store is one of the anchors of the Galleria Mall in York, PA. Both properties were acquired for approximately $12 million.
NEW YORK CITY-During the last six years he has been involved in asset sales of more than $11 billion and over the past 10 years he has closed on the disposition of more than 55 million sf of space.
NEW YORK CITY-Only 1% of respondents said they were refused requests to use the services of a provider that was not a building vendor. And 40% said they'd consider relocating if they weren't getting the telecommunications services they needed when their lease came up for renewal.
NEW YORK CITY-The money will be spent on occupied multifamily, vacant, rental and for-sale properties that are in need of major work, along with mixed-use facilities that include retail, office and residential space. Space that is exclusively commercial will not receive funds.
NEW YORK CITY-Allen & Overy, is taking three floors at 1221 Sixth Ave. for 15 years. It will move into the space over the next two year as it starts to become available toward the end of 2001.
NEW YORK CITY-Timothy Baydala also served with investment banker Cowen & Co. and as VP and group head of Chemical Bank's real estate investment advisory service group. Jeffrey Norman worked in national institutional investment marketing at Landauer and was VP of its valuation and technical services division.
NEW YORK CITY-As part of the deal, Cogent will use the NY Global Connectivity Center at 32 Sixth Ave. that Rudin is redeveloping as its local hub site. Cogent plans to expand its four-city base to 14 by the end of the second quarter.
NEW YORK CITY-The software can predict commercial mortgage behaviors, and ultimately, bond behavior. The acquired company is also about to introduce a risk-management application for the commercial real estate market geared toward banks and insurance companies.
NEW YORK CITY-This signing brings occupancy in the 324,000-sf property to more than 50%. Cushman& Wakefield expect to lease up 10% of what's left before the building opens in the next 45 days.
NEW YORK CITY-The property, purchased for $22 million, is worth $30 million, according to the firm that bought it. A distinguishing sculptural screen, which belongs to the former owner, Chase Manhattan, will remain as long as Tahl Propp owns the building.