One World Trade Adds 11th Broadcaster to Tenant Roster
WMBC-TV has signed a 10-year lease to relocate from Montclair, NJ to One World Trade Center. The independent station will join 10 other New York City-area stations already broadcasting full-time from the Lower Manhattan landmark “We are thrilled to have WMBC broadcast from One World Trade Center,” said Jonathan (Jody) Durst, president of The Durst Organization, which markets and leases the tower on behalf of the Port Authority of New York and New Jersey. “OWTC is the zenith of broadcasting for the tri-state area, and we look forward to adding another station to its dial in 2022.” SVP of business…
Date 2022-01-14
Author Paul Bubny
Deals of the Day: Jan. 13
**LEASES** **WMBC-TV ditches New Jersey for Manhattan** Address: 1 World Trade Center, Manhattan Landlord: Durst Organization Tenant: WMBC-TV Lease term: 10 years Asset type: Broadcasting facility Brokers: Senior Vice President of Business and Strategic Partnerships Robert Becker and Director of Broadcast Communications Marc Musgrove of the Durst Organization handled negotiations for Durst Broadcasting LLC with Robert M. Kessler, member, and Jean S. Tom, counsel, of Rosenberg & Estis P.C. representing the Durst Organization in the transaction. **Western Alliance Bank inks new Midtown lease** Address: 477 Madison Ave., Manhattan Landlord: RFR Realty Tenant: Western Alliance Bank Lease size: 12,437 square feet…
Date 2022-01-13
Author Natalie Sachmechi; Eddie Small
WMBC-TV RELOCATES BROADCASTING TO ONE WORLD TRADE CENTER
WMBC-TV Signs 10-Year Broadcasting Lease at One World Trade Center
Author The Durst Organization
CLSA SIGNS LEASE FOR 17,000 SQUARE FEET AT THE DURST ORGANIZATION’S 1155 AVENUE OF THE AMERICAS
Financial Services Firm CLSA Takes Full Floor at 1155 Avenue of the Americas The Durst Organization today announced that CLSA has signed a 10-year lease for 16,563 square feet on the 17th floor of 1155 Avenue of the Americas. CLSA is moving from their offices 10 blocks north at 1301 Avenue of the Americas. 1155 Avenue of the Americas was completed in 1984 and designed by Emery Roth & Sons. The building, LEED v4 Silver certified under the EBOM rating system (Existing Buildings Operations Maintenance), has undergone a $130 million capital improvement program. 1155’s upgrades include a new lobby, new…
Author The Durst Organization
‘C-Note’ leases – north of $100 per square foot – are enriching Manhattan
To office landlords’ joy, C-Note leases – those with starting rents of $100 and up – are making a robust rebound, helping to quell fears about the office market’s long-term health CBRE reported that some 105 C-note leases comprising 2.7 million square feet of prime space in Manhattan were signed in 2021. Not only did the total number more than double the meager 49 completed in 2020, it also topped the five-year historical average by 18 percent. The $100-plus lease has long been the bragging-rights gold standard in a market where most rents average $60 to $80 per square foot.…
Date 2022-01-12
Author Steve Cuozzo