Business Specialties Leasing
RSM McGladrey Leases 164,771 SF in Manhattan
July 2, 2008

CB Richard Ellis arranged a long-term, 164,771-square-foot lease renewal and expansion at 1185 Avenue of the Americas in New York City on behalf of RSM McGladrey Inc., a division of H&R Block.  The landlord, SL Green Realty Corp. iwas represented internally. RSM McGladrey currently occupies floors 4, 5, 6, 8 and 19 and through the expansion will also occupy the 7th floor in the fall.  The firm consolidated and disposed of its space at 750 Third Avenue.

 
Recent Leasing Headlines
Extell Development Puts Manhattan Retail on Block
Aug. 20, 2008
A retail co-op occupied by Duane Reade in New York City is being put on the block by Extell Development, according to Eastern Consolidated, which is acting on behalf of the seller.
South Pacific Development Group Secures Land Lease for $450 Million Samoan Resort
Aug. 20, 2008
Hawaii-based South Pacific Development Group has obtained a 120-year lease for 600 acres of prime oceanfront land on Savaii Island in Samoa to develop the Sasina Village Resort.
Kosmos Energy Signs Lease at Park Lane in Dallas
Aug. 19, 2008
Harvest Partners said today that Kosmos Energy L.L.C. has signed an office lease for more than 50,000 square feet at Park Lane, a 33.5-acre mixed-use development currently
under construction in Dallas. This marks the first office lease signed in one of the new buildings at Park Lane.
RFP Closes 86,000 SF of Renewals, Expansions at RiverEdge in Atlanta
Aug. 18, 2008
RFP Mainstreet RiverEdge L.L.C. has closed more than 86,000 square feet of renewals and expansions at its RiverEdge office development in Atlanta’s Northwest submarket. The firm was represented by Jones Lang LaSalle. RFP Mainstreet RiverEdge acquired RiverEdge, a two-building, nearly 500,000-square-foot office complex, last year.
100 Park Ave BDO Seidman Inks 121,000SF Lease at 100 Park Avenue
Aug. 11, 2008
BDO Seidman signed a 15-year lease to occupy 121,400 square feet of office space on three floors at Manhattan's 100 Park Avenue.The transaction, for which financial terms were not disclosed, raises building occupancy from 67 percent to 80 percent.
 

 

220-Acre Mixed-Use in Works Near University of Missouri
August 20, 2008
By Barbra Murray, Contributing Editor -- A 220-acre parcel near the University of Missouri's Discovery Ridge research park in Columbia is on tap to sprout a gargantuan mixed-use project. Forum Development Group, the owner of the land, recently wrapped up...

Icahn Nabs AT&T's Dallas HQ in Sale-Leaseback
August 20, 2008
By Tonie Auer, Southwest Correspondent -- Transferring its headquarters from San Antonio to Dallas, telecom giant AT&T Inc. has moved into a 37-story high-rise and sold the building in a sale-leaseback deal to Icahn Enterprises for an undisclosed amount. The...

W.P. Carey Closes $58M Sale-Leaseback in Germany
August 20, 2008
By Barbra Murray, Contributing Editor -- New York City-headquartered W.P. Carey, acting through its publicly held non-traded REITs CPA(R):15 and CPA(R):17 - Global, has completed a sale-leaseback transaction in Germany with U.K.-based automotive supplier Wagon Plc. The properties involved are...

Och-Ziff, Kolter in $1B Southeast Residential JV
August 20, 2008
By Scott Baltic, Contributing Editor -- New York-based Och-Ziff Capital Management Group and Kolter Group of West Palm Beach, Fla., have announced the formation of a $1 billion joint venture that will target residential properties in the Southeast that are...

REal Talk with Adam Perrotta-Tuesday
August 19, 2008
By Adam Perrotta, News Writer --In the latest example of a firm looking to snap up debt in the wake of the credit crunch, Apollo Real Estate Advisors has pumped up funding for its debt investment fund to $930 million....

Is Family Business a Good Idea?
August 15, 2008
By Mike Myatt, Chief Strategy Officer, N2growth --Oh what a conundrum! Family business: Should I, or shouldn't I? In my opinion there really isn't a right or wrong answer to this question. It is simply a matter of personal preference....

What to Do When Marketing Goes Wild
August 08, 2008
By Mike Myatt, Chief Strategy Officer N2growth --Have your company's marketing initiatives wandered astray? Is the proverbial tail starting to wag the dog with respect to your current marketing campaigns? How do you know when marketing is out of control?...

Six Mistakes Real Leaders Avoid
August 01, 2008
By Mike Myatt, Chief Strategy Officer, N2growth --I recently had a reader ask: "Is there a simple test that can be used to quickly determine an executive's leadership ability?" The short answer is yes. There are, in fact, a great...

Top Brokers Do Deals in Bad Markets, Too
July 18, 2008
By Mike Myatt, Chief Strategy Officer N2growth --Many in the industry long for the frothy markets of 2005 when sellers experienced record low cap rates, buyers were aided by loose credit and a strong flow of funds from the capital...

Know Thy Customer
July 11, 2008
By Mike Myatt, Chief Strategy Officer, N2growth --How well do you really know your customer? Let me put this as simply as I can. If you want to succeed in business you must be in touch with the demands of...