Tuesday October 15, 2013
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| Sumitomo Mitsui Banking Corp. Inks Sublease |
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BY GUS DELAPORTE
Sumitomo Mitsui Banking Corporation has expanded at 277 Park Avenue, signing a 38,249-square-foot sublease from The Hartford on the 15th floor, The Commercial Observer has learned.
The tenant will pay rent starting at approximately $50 per square foot in a deal through January 2021, according to data from CompStak.
To read the full story, click here.
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| Software Company Inks 10-Year Deal at 3 Park |
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BY AL BARBARINO
Cintra Software & Service Inc. has signed a 10-year, 8,424-square-foot lease on the 32nd floor of Cohen Brothers Realty‘s 3 Park Avenue.
The Oracle database and business service provider was drawn to the 42-story, orange brick building because of its convenient location and flexible floor plans, with plans to use the space for general and executive office space.
To read the full story, click here.
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| By The Way Bakery to Make Manhattan Debut |
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BY BILLY GRAY
It won’t be adding wheat, dairy or eggs to its recipes, but By the Way Bakery has thrown a Manhattan outpost into the mix.
The gluten-free sweet purveyor signed an eight-and-a-half year, 700-square-foot lease at 2442 Broadway for what will be the first city outpost of the Hastings-on-Hudson original store, The Commercial Observer has learned.
To read the full story, click here.
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| Networking: Why It’s More Important Than Ever |
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BY ROBERT KNAKAL
There are many characteristics top brokers in our industry possess.
This long list includes passion, an intense work ethic, integrity, specialization (to create a competitive advantage that allows an agent to differentiate themselves from others), a long-term perspective and the ability to manage a limited amount of time well.
To read the full story, click here.
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| 11.7 Million Square Feet Coming to 1 WTC |
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BY RICHARD PERSICHETTI
In January, I took us on a trip to New York City 100 years ago. This week, we’re going to hop back into the DeLorean, but we’ll jump ahead five years, to October 15, 2018, and head down to Lower Manhattan.
Standing in the middle of what was once known as the World Trade Center Development site, I see a thriving office community made up of workers from a multitude of industries. New York City and federal government, media and financial firms lead the mix of the employment base in this office complex. Yes, the financial-services industry is finally back in full force in 2018.
To read the full story, click here.
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