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NEWS

Brokerage Technology firm relocates on Broadway

2008-07-31 00:00:00

Global Brokerage Corp. took a partial 10th floor at 50 Broadway for a 5 year lease after subleasing a space at 120 Broadway for the past 12 years. The premise is 1,820 sf and includes furniture and a phone system. Global Broekrage was represented by VB Porter & Company and 50 Broadway was prepresented by Colliers ABR. The asking rents at 50 Broadway are $40 psf.

News
  • 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...
  • 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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