BY GUS DELAPORTE

Macy’s has renews its lease for the 646,000-square-foot space at 11 Penn Plaza, it was announced this week. The new lease runs through 2035, according to a statement from Vornado Realty Trust. Financial terms were not disclosed.

Vornado owns close to 9 million square feet of office, retail and hotel space in the Penn Plaza district. The total building space at 11 Penn Plaza is 1.1 million square feet.

Macy’s merchandising group is based at 11 Penn Plaza, according to the company’s website. The department store’s flagship location is in nearby Herald Square at 151 West 34th Street, which also houses the company’s corporate marketing and corporate services offices.

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BY AL BARBARINO

Things will get hot and slippery in Harlem this summer with the arrival of Unity Yoga, a hot yoga studio set to open July 1 at 311 West 127th Street – but not too hot.

Yoga instructor Sarah Rehman, who lives in the 156-unit residential building, known as The Balton, has signed a 10-year lease for the property’s 2,500-square-foot retail space. She will offer her specialty: a less scorching version of hot vinyasa yoga, along with a café and an industrial vibe, in a neighborhood that she said suffers from a yoga void.

“Yoga is very much a part of my everyday life and I have to go all the way Downtown or even to Brooklyn to take the kinds of classes that I like,” the yoga aficionado, social worker and graduate student at New York University’s Silver School of Social Worksaid. “But there’s nothing like this Uptown.”

Hot vinyasa yoga is a rigorous yet disciplined form of yoga, normally practiced under extreme heat, which is thought to intensify workouts and cleanse the body. Temperatures can range well above 100 degrees Fahrenheit, but Ms. Rehman said she will offer classes at a comparatively cool 90 degrees.

“It’s safer and you can work harder when it’s not as slippery,” she said.

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BY BILLY GRAY

Avison Young was named the exclusive agent on a 29-year leasehold at 16 West 36th Street, the Canadian firm's fast-growing New York office announced yesterday.

Neil Helman and Charles Kingsley, both principals and members of the firm's Capital Markets Group, will lead the team representing 16 W. 36th Associates LLC, the landlord of the 13-story Midtown property with 67,271 rentable square feet.

The landlord is a partnership between a private real estate investment fund and local investor, both of whom wish to remain anonymous at this time.

Last March, owner NorthEnd Equities acquired the building from Beach Plaza Associates for $8.2 million. 16 West 36th Street is about 96 percent occupied, with several of its 24 office tenants paying below market rates (an average $27 per square foot versus $32 per square foot).

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BY MICHAEL EWING

Join more than 350 professionals at CRE’s Second Annual Greater New York Data Center Summit & Expo. The conference will focus on key issues in data center investment, design, development and technology infrastructure. Speakers include prominent figures in the data community such as John Sabey of Sabey Data Centers, Tim Huffman of Colliers International and Todd Traver of IBM Data Center Management & Optimization.
CRE’s Second Annual Greater New York Data Center Summit & Expo, New York City Bar Association, 42 West 44th Street; 8am to 4pm, contact Ronnie Niederman at (212) 873-3484 for more information.

Ballard Spahr LLP will be hosting a CRE Finance Council mini-conference on the outlook for commercial real estate finance in 2013. The conference will discuss macroeconomic factors affecting commercial real estate in the United States and the future of commercial real estate lending.
CRE Finance Council Mini-Conference: 2013 Commercial Real Estate Finance Outlook, Washington Marriott Metro Center, 775 12th Street NW, Washington, D.C.; visit www.crefc.org for more information.

Join Faith Hope Consolo, the prominent New York retail consultant and chairman of Douglas Elliman’s retail group, at a Women’s Forum panel discussing retail real estate industry lenders. Speakers will include professionals from Crown Acquisitions, Union Square Partnership, Massey Knakal, L&L Holding Company, Brooks Brothers Group and lululemon athletica.
Women Who Shop: A Discussion of Retail Real Estate Industry Lenders, McGraw Hill Conference Center, 1221 Avenue of the Americas; 12:30pm to 1:30pm, visit www.rewomensforum.com/register for more information.