Friday July 05, 2013
|
|
 |
|
| Colbert-Backed Charity Relocates in Midtown |
|
|
|
|
BY GUS DELAPORTE
DonorsChoose.org has signed a 10-year lease for the entire 10,000-square-foot 11th floor at 134 West 37th Street, The Commercial Observer has learned. Touted by Oprah Winfrey and Stephen Colbert, the charity will relocate from nearby 213 West 35th Street.
DonorsChoose.org allows public school teachers across the country to post classroom project requests online. Donors are able to view each request and make donations online and once the funding goal is reached, DonorsChoose.org sends materials to the school.
To read the full story, click here.
|
|
|
| Storefront Aims to Create Pop-Up Marketplace |
|
|
|
|
BY AL BARBARINO
San-Francisco-based Storefront, a company that helps match pop-up retail tenants with short-term space, has launched its New York City arm.
The firm streamlines the process for short-term retail tenants looking to avoid the inevitable hassles of longer term leases, company executives told The Commercial Observer.
“They run into the same hurdles as a tenant signing a 10-years lease,” said Michael Gray, the company’s head of business development. “We streamline the lease documents and enable them to have the entire experience online.”
To read the full story, click here.
|
|
|
| Gotham Inc. Relocates Near Herald Square |
|
|
|
|
BY BILLY GRAY
Advertising behemoth IPG expanded its Bryant Park-Herald Square corridor holdings with subsidiary Gotham Inc.’s 25,000-square-foot lease at 104 West 40th Street.
The boutique wing of the ad company’s new digs are blocks away from IPG’s offices at 100 West 33rd Street, the site of a 100,000-square-foot expansion last year, and 1400 Broadway, where IPG in April inked a 90,000-square-foot deal.
To read the full story, click here.
|
|
|
| Market Perspectives: New Construction City |
|
|
|
|
BY KEN MCCARTHY
Manhattan is in the midst of a construction mini-boom.
Between May 2013 and May 2014 five new office towers will be completed, adding more than 6.5 million square feet of office space to the market. That’s the largest volume of new office space to be completed over a 12-month period since 1989.
To read the full story, click here.
|
|
|
| Saving on Construction Within Owner’s Grasp |
|
|
|
|
BY BARRY LEPATNER
As I have discussed in previous columns, owners, investors, and builders would be well served if they followed the following three steps for any and all construction projects:
Avoid “Fast-track” Projects
Contractually require the construction team to assume the risk of completing the project on time and on budget
Retain an independent cost estimator to provide the owner with the cost of the completed design documents before sending them off to bid
This is smart business on a case-by-case basis, but let’s talk about the greater effect these tactics would have on the country at large.
To read the full story, click here.
|
