News: Brokerage

BSD signs leases totaling 52,300 s/f at 61 & 55 Broadway

Broad Street Development (BSD), led by Raymond Chalmé and Daniel Blanco, completed 52,300 s/f in leases at two of its downtown properties. Deals totaling 40,000 s/f were signed at 61 Broadway, another 12,300 s/f were inked at 55 Broadway. Recent deals at 61 Broadway include: * A new 18,214 s/f lease was signed by Furman, Kornfeld & Brennan LLP on the 26th floor; * HCL America recommitted to 4,000 s/f on the 20th floor; * A new 3,707 s/f lease for Sigma-HR USA Inc. on the 26th floor; * A renewal for 3,566 s/f on the 30th floor by Mongoose Atlantic; * A 2,808 s/f renewal by RCWH, LLC on the 10th floor; * Samuel A. Ramirez & Co., expanded by 2,410 s/f on the 29th floor; * Gruvman, Giordano & Glaws, LLP, renewed its 1,911 s/f suite on the 27th floor; * A 1,799 s/f expansion for Professional Staffing Congress/CUNY on the 16th floor; * Moneybookers USA signed a lease for 1,372 s/f on the 16th floor. Deals at 55 Broadway included: * A 10,370 s/f renewal and expansion for Dolan Media Co. on the 6th floor; * FedEx Office and Print Services, Inc.'s renewal of its retail location on the ground floor for 1,923 s/f. "While the overall leasing market saw a slowdown in 2009, we are pleased to report solid activity at our properties. We attribute a big part of our ongoing success to our well-established pre-built/built-to-suit program and accessible management," said Blanco. David Israni, managing director of BSD said, "We are proud to have so many tenants sign new leases and renewals at our properties, and we remain committed to offering them the level of service, value and amenities for which our firm is well known."
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
AI comes to public relations, but be cautious, experts say - by Harry Zlokower

AI comes to public relations, but be cautious, experts say - by Harry Zlokower

Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,
Strategic pause - by Shallini Mehra and Chirag Doshi

Strategic pause - by Shallini Mehra and Chirag Doshi

Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent
Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Let’s be real: if you’re still only posting photos of properties, you’re missing out. Reels, Stories, and Shorts are where attention lives, and in commercial real estate, attention is currency.
Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

The state has the authority to seize all or part of privately owned commercial real estate for public use by the power of eminent domain. Although the state is constitutionally required to provide just compensation to the property owner, it frequently fails to account