Sard Verbinnen & Company, the go-to public relations firm for Wall Street firms during crises, will move its offices to 65,068 square feet at 909 Third Avenue, according to a broker on the deal. The PR firm signed a 15-year lease to take over the entire 31st and 32nd floors of Vornado Realty Trust’s 33-story building between East 54th and East 55th Streets, as The Real Deal first reported. Alan Friedman of Lee & Associates NYC…
Lee NYC Hosts 1st Ever Leasing Symposium 10/29, 8am “Executing the Deal”
Lee & Associates NYC will host its first-ever panel event on Monday, October 29, 8 to 11 a.m., at Club 101 at 101 Park Avenue, between 40th and 41st Streets. Entitled “Executing the Deal,” the symposium will welcome both tenants and landlords. The event will comprise two panels, “Describing the Leasing Process” and “Issues to Be Considered.” Sponsoring the event will be the national accounting firm, Withum, the national architectural/interior design firm, Environetics, and the…
Eastern Consol. Pro to Build L&A Investment Sales Division
Longtime investment sales broker Ben Tapper has landed at Lee & Associates NYC after nearly 15 years at Eastern Consolidated, which shut down earlier this summer. Tapper, 42, started Sept. 5 as a senior managing director at Lee’s newly launched investment sales division, the firm’s spokeswoman told Commercial Observer. He spent 14.5 years selling development sites, commercial condominium units, residential properties and mixed-use buildings, in addition to hammering out long-term leaseholds and 1031 exchanges. Click here…
Not-for-Profit Foster Care Program Relocating Within Upper Manhattan
Lutheran Social Services of New York (LSSNY) has taken 11,366 square feet at 75 West 125th Street to house its foster care program, Commercial Observer has learned. The space spans the third and fourth floors of the four-story, 27,933-square-foot property between Fifth and Lenox Avenues, according to information provided by Lee & Associates NYC, the tenant’s broker. Click here to read the full article from Commercial Observer.
Lee & Associates NYC Launches New Residential Division
Lee & Associates NYC, previously focused on retail and office leasing and having recently formed an investment division, has now branched into residential services. Joel Herskowitz, an investor in Lee & Associates NYC and the COO, who was instrumental in bringing the company to Manhattan in November 2011, will oversee management of the new division. Previously, Herskowitz served as a senior director at Cushman & Wakefield from 2008 to 2010, president and CEO of Grubb…
Lee National — 2Q18 Markets Report
We think smarter about real estate. Lee & Associates’ state-of-the-market reports issued quarterly for industrial, retail, and office markets offer trend-tracking insight you’ll find nowhere else. Teams across our national company write articles on nation-wide, industry-related topics and highlight significant deals, sales, deliveries and construction. Q2 2018 Market Reports (Interactive)
Lee & Associates NYC Establishes New Investment Sales Division
At a time when investment sales firms are finding their footing, the seven-year-old leasing-heavy Lee & Associates NYC has joined the investment sales fray with a new nine-person division. Click here to read the full announcement from Commercial Observer.
Lee NYC Positions NOBULL at 68 Prince Street in Soho
Mark Kapnick, Executive Vice President/Principal, at Lee & Associates NYC has arranged a 950-square-foot, two-year lease at 68 Prince Street, between Lafayette and Crosby Streets, for NOBULL, an athletic footwear, apparel and accessories brand designed for the serious athlete. The space also includes 510 square feet on the lower level. This will be the first store location for the company. Click here to read the full story from CityBizList.
Why Non-hotel Retailers Are Diving Into Hospitality
As retailers look to diversify, engage in community building and be experiential, some brands like Equinox, Restoration Hardware and Shinola are getting into the hospitality business. Commercial Observer spoke with retail pro Peter Braus of Lee & Associates NYC on why brands are making the leap into the hospitality arena. Click here to watch the video from Commercial Observer.