Regions Northeast | New York
Broadway Partners Signs 5 Leases Totaling 119,000SF in NYC
May 22, 2008

Broadway Partners announced the completion of five lease transactions totaling 119,485 square feet at 340 Madison Avenue in New York City. The leases bring occupancy at the class A midtown Manhattan tower to approximately 92 percent.  CB Richard Ellis Inc.
represented Broadway on all of the transactions, which include the following:

•    Office of the Comptroller of the Currency has leased 50,519 square feet.  The tenant was Studley.

•    PNC Financial Services Group, a unit of PNC Bank, has signed a lease for 40,310 square feet.  GVA Williams represented the tenant in the transaction.

•    Banco Espirito Santo Investment has signed a lease for 13,328 square feet.  Studley represented the tenant.

•    Unison Site Management has leased 11,113 square feet.  

•    Investment firm Zenkyoren Asset Management of America Inc. has leased 4,115 square feet.  Jones Lang LaSalle represented the tenant.       


 
Recent New York Headlines
Developers Move Ahead with Plans for 60-Story NYC Tower
Nov. 21, 2008
Banking that the healthcare industry will stay healthy despite the tough economic times, developers are moving ahead with plans to build the World Product Centre, a 60-story tower on Manhattan’s West Side that would showcase medical diagnostic and device companies and serve as an international educational center.
pier 57 NYC's Pier 57 Attracts Trio of Renovation Proposals
Nov. 21, 2008
At the edge of Manhattan’s Meat Packing District in Chelsea, Pier 57 abuts an area that has seen a burst of activity over the last decade. Located at the end of West 15th St. and encompassing some 375,000 square feet of waterfront space plus rooftop area, the pier is now the focus for three bids for renovation.
Economou Joins Grubb as EVP
Nov. 19, 2008
Richard Economou has joined Grubb & Ellis Co.'s New York office as executive vice president.  Specializing in the finance, insurance and real estate sectors, he brings more than two decades of commercial and retail real estate experience to the firm, including experience with real estate turnaround transactions.
CBRE Promotes 4 to SVP
Nov. 18, 2008
CB Richard Ellis has promoted Sacha Zarba, Doug Lehman, Andrew Sussman and Bill Mooney to senior vice president.  They were previously first vice presidents.
$2B Deal for Pair of NYC Offices Reportedly Falls Through
Nov. 18, 2008
Two New York City office properties are back on the market, as a deal under which George Comfort & Sons would have acquired the assets--1540 Broadway and Worldwide Plaza--for some $2 billion has fallen through.