BY BILLY GRAY

Wisdom Tree Investments, Inc. signed a 15-year, 37,923-square-foot lease at 245 Park Avenue, The Commercial Observer has learned.

The asset manager and fund sponsor will move to the entire 35th floor of the 1.7-million-square-foot Grand Central area tower and nearly double the size of its current office at 380 Madison Avenue. A rapid construction handled by Studley's management crew will have the tenant build out and move in in just four months.

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BY GUS DELAPORTE

Three financial services firms have signed leases at Mitsui Fudosan America’s 527 Madison Avenue, according to an announcement this week by Cassidy Turley, the landlord broker.

Nashville-headquartered brokerage Wunderlich Securities signed the largest of the three deals, securing the entire 8,600-square-foot 10th floor for five years. The tenant converted a sublease deal, set to expire in late fall, to a direct lease. Wunderlich, which has offices in 15 states, also operates in Downtown Manhattan at 200 Liberty Street.

Elsewhere in the building, hedge fund Long Pond Capital has signed a four-year deal for the entire 8,200-square-foot 15th floor. In order to secure the deal, Cassidy Turley helped secure an early termination of current tenant Sanders Morris Harris’ lease to help expedite Long Pond’s move in.

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BY AL BARBARINO

A new report from Global Parking Association Leaders argues that parking around the world is becoming greener and more tech-savvy – but there’s still work to be done to reduce emissions.

The group, launched by U.S.-based International Parking Institute in 2012 and comprised of parking associations around the world, surveyed parking professionals from 21 countries regarding advances in parking.

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BY ROBERT SAMMONS

Tracking true vacancy as well as total availability for Manhattan, as we do here in the Research Wonk Center at Newmark Grubb Knight Frank, I thought it would be interesting to take a look at a few statistics comparing the two—especially over what one might consider the last cycle (in this case, beginning of recession, end of recession and current).

In addition, I also wanted to examine the differences regarding how these variables affected direct and sublet space. Just a couple of quick definitions for you: True vacancy is just that—space that is not physically occupied; it allows for a great snapshot as of the current point in time. Total availability is all space that is being marketed, whether vacant or occupied, though it does not include space under construction; this is highly important as it points to any future economic impact on the market, real estate and otherwise. One other note: The following numbers have been rounded off to keep your brain from short-circuiting.

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