Leases

Consulting Firm Ankura Expands by 30K SF at 485 Lexington Avenue

Oct 23, 2019

Consulting Firm Ankura Expands by 30K SF at 485 Lexington Avenue

Business consulting firm Ankura Consulting Group is doubling the size of its offices at 485 Lexington Avenue to nearly 60,000 square feet after inking a roughly 30,000-square-foot expansion at the SL Green Realty Corp. -owned Midtown East office tower, Commercial Observer has learned.

Ankura signed a 15-year lease last month to take an additional 29,698 square feet at the 32-story,…

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BK’s CakeBoi Bakery Operator Opening Upscale Burger Joint in Bed-Stuy

Oct 23, 2019

BK’s CakeBoi Bakery Operator Opening Upscale Burger Joint in Bed-Stuy

The locals behind the cool CakeBoi bakery in Bedford-Stuyvesant, Brooklyn, are opening a high-end burger joint called Spudz in the neighborhood, Commercial Observer has learned.

Bed-Stuy residents Khayri Ayers , called CakeBoi, and Forrest Greene are planning to open “an upscale American burger Joint concept,” at 1460 Fulton Street , Tri State Commercial ’s Avi Akiva told CO. He represented the…

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Title Insurance Firm Renews Full-Floor Lease at 485 Lex

Oct 23, 2019

Title Insurance Firm Renews Full-Floor Lease at 485 Lex

Fidelity National Title Insurance Company has renewed its nearly 28,000 square feet of office space at SL Green Realty Corp. ’s 485 Lexington Avenue in Midtown East, Commercial Observer has learned.

The title insurance firm inked a 10-year lease to keep its New York City offices at the 32-story, 930,000-square-foot building between East 46th and East 47th Streets, representatives for SL Green…

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The Learning Experience Takes 10K SF for Williamsburg Day Care Center

Oct 23, 2019

The Learning Experience Takes 10K SF for Williamsburg Day Care Center

The Learning Experience , which has provided day care and early education programs throughout the country since its launch in Boca Raton, Fla. in 1980, is planning to open a new facility in Williamsburg, Brooklyn, Commercial Observer has learned.

The national preschool center took 10,000 square feet of retail space on the ground floor of the six-story 185 Marcy Avenue , a 70,000-square-foot Class…

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Calexico Taqueria Making Return to Lower East Side

Oct 23, 2019

Calexico Taqueria Making Return to Lower East Side

Three years after shuttering its Lower East Side outpost, New York-based Cal-Mex restaurant chain Calexico is planning a return to the neighborhood, Commercial Observer has learned.

The award-winning eatery has signed a 10-year lease at MGM Management ’s 99 Second Avenue between East Fifth and East Sixth Streets and is slated to open in the first quarter of next year, according to information…

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Strategic Funding Expands to 26K SF at 120 West 45th Street

Oct 23, 2019

Strategic Funding Expands to 26K SF at 120 West 45th Street

A small-business focused finance lender, Strategic Funding Source , upped its presence in a Midtown tower by 10,207 square feet, Commercial Observer has learned.

Strategic Funding signed a 10-year lease for the entire fourth-floor of Kamber Management Company ’s 120 West 45th Street , also known as Tower 45 , between Avenue of the Americas and Seventh Avenue, according to Avison Young , which…

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Marine Parts Distributor Subleases 34K SF From Diddy in Midtown

Oct 23, 2019

Marine Parts Distributor Subleases 34K SF From Diddy in Midtown

A company that supplies parts for RVs and Jet Skis has subleased office space from Sean ‘Diddy’ Combs at 1440 Broadway in Times Square, Commercial Observer has learned.

Land N Sea Distributing has inked a 33,893-square-foot sublease with Sean Combs Enterprises on the third floor of the 27-story building owned by CIM Group between West 40th and West 41st Streets, according to the brokers on the…

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Compass Nabs 11K SF in Downtown Brooklyn for Fourth Borough Office

Oct 23, 2019

Compass Nabs 11K SF in Downtown Brooklyn for Fourth Borough Office

Residential brokerage Compass plans to open a fourth Brooklyn office in the borough’s current tallest tower, brokers on the deal confirmed to Commercial Observer.

Compass signed a 10-year lease for 11,000 square feet at Steiner NYC ’s residential tower 333 Schermerhorn Street , also known as The Hub , between Nevins Street and Third Avenue, Crain’s New York first reported. The brokerage will have…

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Cornell Realty Management Leases 44K-SF Building in W’burg for Redevelopment

Oct 23, 2019

Cornell Realty Management Leases 44K-SF Building in W’burg for Redevelopment

Brooklyn-based real estate development firm Cornell Realty Management has signed a “long-term” lease for the entire 40,500 square feet of interior space and 3,500 square feet of outdoor space at 75 Metropolitan Avenue in Williamsburg, Brooklyn, Commercial Observer has learned.

As part of his deal, the Isaac Hager -led company—which is co-developing a ground-up commercial project nearby at 200…

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Investment Firm One William Street Shrinking Digs With Move to 299 Park Avenue

Oct 23, 2019

Investment Firm One William Street Shrinking Digs With Move to 299 Park Avenue

One William Street Capital Management plans to move its offices to Fisher Brothers ’ 299 Park Avenue , the landlord confirmed to Commercial Observer.

The investment firm signed a 12-year lease for 29,754 square feet on the entire 25th floor of the 45-story tower between East 48th and East 49th Streets, The Real Deal first reported. Asking rent for the space was $95 per square foot, according to a…