BY JOTHAM SEDERSTROM

When Corporate Suites unveils its latest labyrinth of temporary offices at 1180 Avenue of the Americas in January, it will mark the workplace solutions company’s eighth location in Manhattan.

Despite a relative glut of so-called co-work spaces across the five boroughs, Corporate Suites’s principal, Hayim Grant, has managed to rise above his competition by scouting well-lit, expansive locations in easily accessible transit hubs across the borough. And the 23,165-square-foot floorplate on the eighth floor of 1180 Avenue of the Americas is no different, said Garett Varricchio, an in-house leasing agent for the building’s co-owner, Murray Hill Properties.

“We actually had a broker event here on the eighth floor this summer,” said Mr. Varricchio. “We met their broker, and a couple days later we got the offer.”

After the jump, Mr. Varricchio reviews Corporate Suites’s plans with The Commercial Observer last week and explains what drew the growing workplace solutions company to 1180 Avenue of the Americas.

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BY ROBERT SAMMONS

Net absorption (net change in occupied space) wrapped up the first 10 months of 2012 at a little more than 1.6 million square feet.

It could be worse … but it could also be better.

This year, firms haven’t been expanding in or relocating to Manhattan at the same speed they did even in 2010 and 2011. And unless some growth explosion happens over November and December, this will be the worst year for absorption since the sharply negative 2009.

Thus far, it’s been a tale of two markets in 2012: Midtown Class A and essentially everything else. Financial services has remained in the doldrums, and space continues to be added within its primary territory from Bryant Park north to Central Park. That’s been the major reason that the net absorption figure finished in the red in six out of the 10 months of the year to date.

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BY MICHAEL EWING

A Classic Time Watch Company, Inc. has inked a renewal deal for its office.

The watch company, which specializes in importing, wholesaling, and manufacturing, will continue to operate out of a 14,295-square-foot space on the eighth floor of 10 West 33rd Street. The company’s 10-year lease was nearing expiration and officials signed on to stay on for another 10.

The office houses several aspects of the business, including general and executive offices, showroom, and a packing and shipping center.

“Ten West 33rd St. continues to be a priority building for fashion accessories companies with a loyal tenant base,” said David Levy, a principal at Adams & Co. “We are happy to see A Classic Time Watch Company renew their lease and look forward to their continued success and tenancy.”

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BY MICHAEL EWING

N+S Wines is set to open up shop in Queens.

The newly established liquor store will be opening a location in the shopping plaza at 5850 Francis Lewis Boulevard in Flushings, brokers told The Commercial Observer.

“It’s a great location with a lot of residential customers,” said Grant Dolgin, a broker at Kalmon Dolgin Affiliates. “A lot of liquor stores called up on the location.”

The space features an open floor plan with its 8,000 square feet divided between 4,000 square feet on the ground floor and 4,000 square feet of basement and storage space.

“They wanted an area with a lot of customers coming in and out,” Mr. Dolgin added.

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