Santander’s East Midtown tower has new owner with modern vision
East Midtown, a favored location for hedge funds and small financial firms, will soon have a prestigious new location for them After serving as Santander’s New York headquarters since 1991, the 134,000 square-foot boutique office tower at 45 E. 53rd St. is finally to be made available for other tenants. A joint venture of ZG Capital and Rialto Capital Management quietly signed a contract last week on an off-market deal to buy the tower for $105 million, Realty Check has learned. The seller was Florida-based MEK Management Services. The deal will close in 30 days. The new owners plan a…
Date 2022-04-26
Author Steve Cuozzo
Brewery To Open In New Long Island City Apartment Tower
LONG ISLAND CITY, QUEENS — The new luxury apartment tower that now glistens next to Queens Plaza has a new amenity to add to its list: a brewery Finback Brewery, based out of Glendale, has signed a lease to open a 3,800-square-foot location in Sven, the recently completed tower at the corner of Queens Plaza and Northern Boulevard, developers announced Monday. Consisting of a taproom and on-site "microbrewery," the ground-floor space will open in late 2022, according to the Durst Organization, which built the glass tower that curves around the landmark Chase Manhattan Bank building. Besides its Queens headquarters, Finback…
Date 2022-04-26
Author Nick Garber
Experts: Commercial real estate in New York City doing better than originally thought
NEW YORK -- Many thought the pandemic left much of the city's commercial office space vacant. But it turns out that's not exactly the case As CBS2's Kevin Rincon reported Thursday, some buildings are hot, some are not, and some may be repurposed to draw people back to the city. There is no shortage of commercial real estate in the city. But much like the housing market, the newer, renovated spaces, are in high demand. "We just hit 95 percent occupancy, which is the highest occupancy number in the history of the building," said Jordan Barowitz, VP of public affairs…
Date 2022-04-08
Author Kevin Rincon
Durst Leases Penthouse Space at Manhattan High-Rise
An information management company committed to the pavilion that caps 1155 Avenue of the Americas.
Date 2022-04-07
Author Barbra Murray
Sixth Avenue tower lures new tenant as pace of Midtown deals increase
Manhattan’s leasing market showed renewed vigor after a mostly slow first quarter The $130 million capital improvements program at 1155 Sixth Ave. continues to pay off for the Durst Organization. Some 200,000 square feet of leases were signed in the past twelve months. Now, a just-signed deal for 77,000 more square feet at the 740,000 square-foot tower’s “Apex” has boosted occupancy to over 70%. Global Relay USA, a division of a Canada-based firm that provides tech services to financial companies, is leaving a small office at 286 Madison Ave. for the 1155 Sixth Apex — a five-story block on floors…
Date 2022-04-07
Author Steve Cuozzo
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