Regions Northeast | New York
CBRE Arranges 12,837-SF Lease in Manhattan
Oct 1, 2008

CB Richard Ellis Inc. arranged both sides of a 12,837-square-foot lease at 5 Penn Plaza in New York City, where software vendor Microstrategy relocated within the building.  Moving to the 9th floor from the 14th floor, Microstrategy took almost five times the amount of space to accommodate its growth.  The new lease runs through March 2014.  Eighth Avenue Associates is the landlord.

 
Recent New York Headlines
Mack-Cali Taps CBRE as Leasing Agent for Manhattan’s 125 Broad St.
Jan. 07, 2009
CB Richard Ellis has been selected by Mack-Cali Realty Corp. as the exclusive agent to lease a portion of its office holdings at 125 Broad St. in New York City.
Trump SoHo Condo Hotel Clears NY Supreme Court Hurdle
Jan. 07, 2009
New York Supreme Court Justice Kibbie Payne has denied a petition by Soho Alliance Inc. that challenged Trump SoHo’s status as a lawful hotel condominium.
Philips Plans Manhattan Office Condos
Jan. 07, 2009
Philips International has acquired a 100,000-square-foot building in Manhattan, which it will redevelop into for-sale office condominiums.
Cushman Report: Even Manhattan Humbled in 2008 
Jan. 06, 2009
After a steep decline in office rents and leasing activity at the end of 2008, many owners are attempting to lure tenants with aggressive deals, according to Cushman & Wakefield Inc.’s year-end report on the Manhattan office market.
brooklyn bridge $48M First Phase of Brooklyn Bridge Park Project Breaks Ground
Dec. 31, 2008
Reusing and revitalizing Brooklyn’s deteriorated East River waterfront began with a groundbreaking in February on the piers area and now a $48 million contract was awarded to Skanska for Phase I of the Brooklyn Bridge Park project in New York City.
 
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