Regions Northeast
Sony Building Chosen Corporate Facility of the Year
May 7, 2008

Grubb & Ellis Co. has announced that 550 Madison Ave. was selected by the Mid-Atlantic Building Owners and Managers Association as Corporate Facility of the Year. Also known as The Sony Building, 550 Madison Avenue is managed by a Grubb & Ellis team led by John McGinley and Bart McDade.  As a result of the regional award, the building is now a contender for BOMA’s National Corporate Facility of the Year award, to be announced in June.

 
Recent Northeast Headlines
666 Fifth Ave Carlyle, Crown Take Controlling Stake in 666 Fifth Ave. Retail for $525M
Kushner Cos. has sold a controlling interest in the 90,000 square feet of retail space at 666 Fifth Ave. in Manhattan to The Carlyle Group and Crown Acquisitions for $525 million, the companies announced today.
RSM McGladrey Leases 164,771 SF in Manhattan
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.
Mack-Cali Realty Announces Lease  Renewal/Expansion in Jersey City
Mack-Cali Realty Corp. said today that Tullett Prebon Holdings Corp. has leased 100,759 square feet at 101 Hudson Street in Jersey City, N.J.
PropertyShark.com, Corcoran Group Release First Corcoran Report
PropertyShark.com, in collaboration with the Corcoran Group, released the first Corcoran Report with sales data audited and supplemented by PropertyShark.com. The report covers Manhattan residential real estate sales for the second quarter of 2008.
The Hampshire Cos Inks Lease at Industrial Building in New Jersey
The Hampshire Cos. has inked a 20,851-square-foot lease deal with More Specialized Transportation at its industrial building located at 30 Wesley Street in South Hackensack, N.J.