- Posted at 1:57, November 21, 2013
- By Russ Bleemer
Here's some from Wednesday:
A big law firm signed a big lease Wednesday at Paramount Group’s 1633 Broadway, for 225,000 square feet of space, in a 20-year renewal that will involve a complete renovation. Real Estate Week has the details on the lease for the headquarters office of Kasowitz, Benson, Torres & Friedman, which was represented by brokers at Douglas Elliman and Newmark Grubb Knight Frank.
We gave you CBRE’s retail report early on Wednesday afternoon. Since then, the Real Estate Board of New York released its Fall 2013 Retail Report, here. Compare and contrast. Even the most jaded will take note of the fact that retailers on the "Fifth Avenue Corridor," between 49th and 59th streets, have an average rent of $3,170 per square foot, a 4% increase from spring and an 18% leap from a year ago.
Here's your look ahead:
In tomorrow’s New York Post, a big report on luxury real estate in Boomtown aka FiDi aka Wall Street—still seen as a good value!--here.
In Thursday's Daily News, the state has approved the National Urban League’s plan to develop new headquarters and a museum on 125th St. in the face of significant local opposition, as well as support by, among others a group of Harlem clergy. Link. We first looked at this issue, again via the Daily News, here, in Tuesday's wee hours.