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NEWS
Ad Agency Moves
2008-03-06 00:00:00
Global Advertising Strategies moved its offices from 55 John Street where they had just under 7,000 sf to 55 Broad Street where they leased the entire 19th Floor of 10,105 sf. Gene Baumstein represented the building owners, Rudin Management. Vlad Porter of VB Porter & Company represented Global which is an international advertising company that also has offices in Moscow. Global was forced to move due to its company’s expansion and the conversion of 55 John to residential. The asking rent at 55 Broad Street was $31 psf.
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- A large international Turkish construction firm, U.F.U.K also known as Memobay made their US headquarters at 55 Broad Street, taking a 7 year lease in the Class A office building. more info...
- Global Brokerage Corp. moves to 50 Broadway with furniture and a phone system included in a direct 5 year lease. more info...
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- Several community and regional banks, already squeezed by the subprime mortgage crisis, tightened consumer lending and falling share prices, are following the lead of some banking giants and pursuing sale-leasebacks as a hedge against current economic volatility. The strategy allows banks to raise cash while pruning unneeded brick-and-mortar assets from their balance sheets. In addition to large deals by the likes of Citi, Wachovia and SunTrust to monetize a portion of the...
more info...
- A new fancy Italian Restaurant will be opening in the heart of the FlatIron District more info...
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