News: Brokerage

M. and E. Meyer of Savanna lease 22,204 s/f at 1375 Broadway

According to Savanna, a New York-based real estate private equity and asset management firm, Smartling, Inc. has signed a new lease at 1375 Broadway for the entire 14th floor, totaling 22,204 s/f. In the past six months, Savanna has leased all full-floor vacancies at the building, representing a total 90,000 s/f. Smartling, Inc., the cloud-based enterprise translation management company, simplifies and accelerates translation and localization for companies reaching a global market. Smartling helps companies manage all translation requirements to ensure global online and offline content — from business documents, websites, web applications, and mobile apps to catalog feeds and long-tail digital content — is up-to-date and in the native language of every region. By putting the entire translation process in the cloud, Smartling enables translation at the speed of business today, improves quality and speeds deployment exponentially, while meeting the strict standards of the largest consumer web, mobile, Fortune 500 and Global 2000 companies. 1375 Broadway is a 508,000 s/f office building located on the northwest corner of 37th Street and Broadway. Savanna completed a major capital improvement plan at the building in 2012 which included a fully renovated lobby and entrance, new storefronts, and a restored façade. "We are excited to welcome Smartling to 1375 Broadway," said Cooper Kramer, vice president at Savanna. "Savanna's renovations have transformed the building into a leading destination for tenants who are seeking a price alternative to both Midtown and Midtown South. We have seen strong interest from tenants attracted to 1375 Broadway due to its pre-war façade, modern lobby and prime location near numerous transportation options." Marty Meyer and Eric Meyer represented Savanna in the lease transaction, while Eric Ferriello and Robert Tunis, also of Colliers, represented the tenant.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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
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
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.
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,