Thursday October 03, 2013
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| Alok Industries Leads the Way as 105 Madison Avenue Welcomes Two New Tenants |
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BY GUS DELAPORTE
Global textile manufacturer Alok Industries has signed the larger of two new long-term leases at 105 Madison Avenue, The Commercial Observer has learned.
The Mumbai-based company has snapped up the entire fourth floor and part of the fifth floor at the Nomad property, in a deal totaling 17,600 square feet.
To read the full story, click here
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| Springhouse Buys BK Apartment Building |
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BY AL BARBARINO
Springhouse Partners has teamed up with Avenue Realty Capital in the $18.2 million off-market purchase of 902-908 Bedford Avenue, The Commercial Observer has learned.
The 65,000-square-foot building is located in the Clinton Hill neighborhood of Brooklyn, just a few blocks from the Pratt Institute.
To read the full story, click here
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| Eastern Markets $9.8 Million UES Building |
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BY BILLY GRAY
A four-story mixed-use Upper East Side building is on the market for $9.8 million, The Commercial Observer has learned.
The 5,309-square-foot property at 1128 Third Avenue (aka 168 East 66th Street) is anchored by a ground-floor Starbucks. Current commercial tenants also include Tao Yoga & Tai Chai and a third-floor office user. In addition to the three commercial spaces, the building holds one residential apartment on the fourth floor.
To read the full story, click here
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| Even as Manhattan Leasing Market Segments, Landlords Reap Advantages |
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BY DAVID GREENE
Doing business in New York or, for that matter, anywhere in the world is much more difficult if you don’t have all the facts and can’t figure out what will happen next.
Though the overall Manhattan office leasing market remains segmented in several submarkets, the landlord has the advantage. On Park Avenue South, from 16th to 32nd Streets, in the 2,000-square-foot to 10,000-square-foot range, there are just 33 spaces available on 17 blocks.
To read the full story, click here
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