The Dragon Speaks tries to keep you up to date on the Manhattan commercial real estate scene. From office space news to commercial real estate trends; leases, developments and everything in between. In case you missed them, here are some recent real estate news stories worth checking out.
- One of the largest occupiers of office space in New York City, accounting firm Deloitte is asking the city for at least $10.65 million, and could rise up to $21 million, in tax breaks as incentive for them to keep their US headquarters on Manhattan rather than moving to New Jersey. The current headquarters are located at 1633 Broadway with offices at 25 Broadway and the World Financial Center. The Real Deal
- Newsweek Magazine has canceled their move from current location at 395 Hudson Street to midtown’s 888 Seventh Avenue until the magazine is sold. The current staff will be consolidated from two floors to one at the Hudson Street building. The Commercial Observer
- The CBS broadcasting company has renewed its lease on 281,896 square feet at 555 West 57th Street for another 13 years. Associates of CB Richard Ellis represented the tenant and associates of SL Green represented the owner, SL Green Realty Corp. The Commercial Observer
- The National Football League has signed a 20 year lease on 345 Park Avenue. The current headquarters are at 280 Park Avenue. The new space will give the NFL 175,000 square feet in the 44 story tower. Associates of Cushman & Wakefield and of Jones Lang LaSalle represented the NFL and Associates of Rudin Management represented the owner, Rudin. The Commercial Observer
- SL Green Realty Corp has found a tenant for some of the space in the 1 million square foot building at 100 Church St. Nonprofit managed-care provider, Healthfirst, has signed a lease for 172,000 square feet for an asking rent of $40 per square foot. SL Green is still looking for tenants for the unoccupied 330,000 square feet. The New York Post
- The FDM group, an international IT service provider, has just rented 6,709 square feet at former JPMorgan residence on the 31st floor of 14 Wall Street. The asking price was $50 per square foot. The tenant was represented by associates of UGL Equis and the owner, Capstone Equities, was represented by associates of CB Richard Ellis. The New York Post