New York Office Leases:

• Total Manhattan Office Class A vacancies rose from 14.23 million RSF to 14.67 million RSF, as total vacancy rose from 23.69 million RSF to 24.07 million RSF.
• Total New York City Office direct lease vacancy rose from 19.98 million RSF to 20.18 million RSF, as sublease vacancy rose from 3.72 million RSF to 3.90 million RSF.
• Total New York City Office Market vacancies rose from 23.69 million RSF to 24.07 million RSF.
• Midtown South Office vacancy increased from 4.30 million RSF to 4.35 million RSF.
• Total Midtown Office vacancy rose from 11.80 million RSF to 12.39 million RSF.
• Total New York City Downtown vacancy decreased from 7.59 million RSF to 7.33 million RSF.
• Total vacant Office Space in Midtown New York City in sublease space rose from 2.212 to 2.449 million RSF. Total vacant direct space increased from 9.59 million RSF to 9.94 million RSF.
• Midtown South Office direct lease vacancy rose from 3.80 million RSF to 3.88 million RSF. Sublease vacancies decreased from 0.50 to 0.47 million RSF.
• Total Downtown New York City Office vacancies decreased with direct lease space decreasing from 6.59 million to 6.36 million RSF.
• Total vacant sublease space continues to decrease from 0.999 to 0.975 million RSF.

NYC Retail Leases:

• Total available New York City Retail Space dropped from 0.77 to 0.63 million RSF.
• Midtown South Retail space vacancies decreased from 0.46 to 0.32 million RSF.
• Midtown vacancy rose from 0.17 million RSF to 0.18 million RSF.
• In Downtown, retail vacancy stayed at 0.14 million RSF.

New York Industrial Leases:

• Total vacant New York City Industrial Space rose from 0.34 to 0.36 million RSF.
• Midtown Vacancy stayed at 0.16 million RSF.
• Midtown South Vacancy rose from 0.14 to 0.16 million RSF.

Manhattan Office Rentals:

• The Administration for Children's Services leased 450,000 SF at 150 William Street.
  The agency signed a 15-year lease. Rent is $9 million per year for the first five years, $11 million per year for the next five years, and will increase by $1 million per year for each of the last five years.
• Morgan Stanley leased 308,000 SF at 1221 Sixth Avenue (McGraw-Hill Building).
  Branch office moves from 1345 Sixth Ave
• D.E. Shaw leased 112,270 SF at 1166 Sixth Avenue.
  The hedge fund inked an 11.5-year sublease for the entire fourth to sixth floors. It will also remain in the 185,000 square feet it occupies at 120 West 45th Street. With the completion of this lease and the below-listed Christian & Timbers lease, the 44-story, 1.5-million-square-foot class A office tower is now fully occupied.
• EMI Music Publishing leased 65,493 SF at 75 Ninth Avenue.
  The world's largest music publisher signed a 10-year lease for a portion of the fourth floor in the eight-story, 1-million-square-foot office building. The tenant is consolidating operations from 810 Seventh Avenue and 1290 Sixth Avenue.
• O'Melveny & Myers leased 57,000 SF at 7 Times Square.
  The law firm, which already occupies 298,000 square feet of space in the property, inked a long-term sublease for the entire 36th and 37th floors. The space is currently leased to Clarendon, with a reported asking rent of $85 a square foot.
• Delia's leased 52,220 SF at 50 West 23rd Street.
  The international fashion retailer inked a deal for the entire 10th floor and a section of the ninth floor in the 13-story, 333,000-square-foot office property. With the execution of this lease, the property is now 100 percent occupied.
• Covenant House leased 40,000 SF at 5 Penn Plaza.
  The country's largest privately funded child care agency inked a new lease.
• Government of Singapore Investment Corporation (GIC) leased 39,682 SF at 335 Madison Avenue.
  The tenant is consolidating two offices, located at 17 State Street and 665 Fifth Avenue, into the new location and expanding its overall space by approximately 80 percent.
• GSC Group leased 39,600 SF at 888 Seventh Avenue.
  Vornado terminated leases with Hearst and Computer Associates to make room for the investment firm, with which the REIT has a strong working relationship. The firm will take space on the 26th and 27th floors, where asking rents are reportedly around $90 per square foot. The tenant is relocating from a 7,000-square-foot space at 12 East 49th Street.
• Christian & Timbers leased 37,418 SF at 1166 Sixth Avenue.
  The recruiters inked a 10-year sublease for the entire third floor. The firm will relocate and expand from the 25,000 square feet it currently occupies at 1177 Sixth Avenue.
• Gilder Gagnon Howe & Co. leased 36,000 SF at 1775 Broadway (Newsweek Building).
  The investment firm inked a 10-year renewal and expansion lease for the entire 24th to 26th floors. The expansion secures the portion of the 24th floor that had previously been occupied by another tenant.
• Centerbridge Capital Partners, L.P. leased 33,000 SF at 375 Park Avenue.
• Haworth leased 31,000 SF at 125 Park Ave.
  The manufacturer of workspaces and office furniture inked a lease for showroom and office space in the former Satellite Airline Terminal.
• Levitz Furniture leased 30,000 SF at 233 Broadway (The Woolworth Building).
  The specialty furniture, bedding and home furnishings retailer inked a sublease for its new headquarters in the 54-story, 855,000-square-foot building. Levitz will continue to maintain operations in its current Woodbury, NY location.
• Paychex Inc. leased 28,640 SF at 1250 Broadway.
  The professional services provider signed a lease renewal and expansion. The transaction included a simultaneous lease buyout by the prior tenant, the US Postal Service. With the execution of this lease and the below-listed Archstone-Smith lease, the building is now at 100 percent occupancy.
• Hodgson Russ leased 27,300 SF at 1540 Broadway.
  The law firm inked a deal to take the entire 24th floor, which had been occupied by Bertelsmann AG before it sold the property to Equity Office Properties earlier this year. The tenant is relocating from 21,000 square feet at 230 Park Avenue. Asking rents in the building, which is now 89 percent occupied, are reported to range from $70 to $90 per square foot.
• Wall Street Systems leased 25,889 SF at 1290 Sixth Avenue.
  The tenant signed a sublease for the entire 22nd floor to consolidate several spaces it had at 30 Broad Street. The asking rent was reportedly $60 per square foot, nearly twice what the tenant was paying at 30 Broad.
• Archstone-Smith Operating Trust leased 22,284 SF at 1250 Broadway.
  The multifamily REIT inked a lease for the entire 12th floor.
• New York Presbyterian Hospital leased 22,070 SF at 673 First Avenue.
  Lease for 15 years includes 165,000 sf expansion
• Sextant Search Partners leased 20,426 SF at 521 Fifth Avenue.
  Executive search firm subleases part of 16th floor
• Whatley Drake & Kallas leased 18,830 SF at 1540 Broadway.
  The law firm inked a deal to take the entire 37th floor, which had been occupied by Bertelsmann AG. The Birmingham-based tenant is opening its first New York office.
• Globe Tax Services leased 17,880 SF at 90 Broad Street.
  The tenant inked a 15-year lease.
• Visit Britain leased 14,724 SF at 551 Fifth Avenue.
• Vega Plus Capital Partners leased 14,300 SF at 623 Fifth Avenue.
  The fund manager has offices in New York, London and Madrid.
• Arup leased 12,701 SF at 155 Sixth Avenue.
  The global engineering and design firm inked an expansion lease that increases its total occupancy in the property to 70,000 square feet. Asking rent for the space was reported to be in the high $30s.
• Offset Paperback Manufacturers leased 12,210 SF at 1700 Broadway.
  The wholly owned subsidiary of Bertelsmann AG leased the entire 26th floor for 10 years and relocated from 1540 Broadway.
• News Broadcast Network leased 10,400 SF at 75 Broad Street.
  The New York-based broadcast news public relations firm will occupy space on the 15th floor. It is relocating from 352 Park Avenue South.

New York Retail Leases:

• Best Buy leased 46,000 SF at15 Central Park West.
  Electronic superstore already has location in Chelsea/Flatiron area
• Gucci leased 44,000 SF on 4 levels at Trump Tower.
  The four-level store will be Gucci's largest worldwide when it opens in 2008. The 6,000 square feet on the ground floor rented for a record $1,500 per square foot.
• Club H Fitness leased 28,250 SF at 222 East 34th St (The Anthem).
  The upscale fitness club inked a lease for a two-story gym and spa that will include 4,750 square feet on the ground floor and the entire 23,500-square-foot second floor. Asking rents were reported to be $80 per square foot for the ground-floor space and $45 per square foot for the second-floor space.
• Valley National Bank leased 20,000 SF at 924 Broadway.
  The space represents the entire four-story property, which was offered on a triple-net lease basis at $850,000 per annum for a 15-year lease. The bank will operate a branch on the ground floor and will house corporate offices on the three floors above. The building was previously leased to Eneslow Shoes, which moved to 470 Park Avenue South.
• Daffy's leased 8,000 SF at 111 Fifth Avenue.
  One year after leaving the space in the building that is now leased to H&M, the tenant has returned to the property to occupy a space behind and below its former location. The new store is expected to open in time for the 2006 holiday shopping season.
• ANC Home Décor leased 11,250 SF at 370 Broadway.
  The home furnishings company, which deals in original Chinese antiques and reproductions, inked a five-year lease with a five-year option for 3,750 square feet of ground-floor retail space and 7,500 square feet of basement and sub-basement space. The landlord had been asking about $42 per square foot on the ground floor, and is reportedly expecting rents in the area to rise significantly by the time the renewal option is exercised.
• Cadence Cycling & Multisport Centers leased 11,000 SF at 174 Hudson Street.
  The athletic equipment and training company inked a lease for its first Manhattan location, which is expected to open in spring 2007.
• Ricky's Urban Groove leased 10,750 SF at 373 Broadway.
  Ricky's inked a new lease for ground-floor and basement space. The location will be its 20th store.
• UGG leased 4,250 SF at 79 Mercer Street.
  The Australian sheepskin boot brand inked a ten-year lease for bi-level showroom space that will house its first New York store. The asking rent for the ground-floor space was reportedly $100 per square foot.
• Central Group Management leased 3,075 SF at 130-8 Seventh Avenue South.
  The restaurant owner and operator signed a 10-year lease for the space, which was offered with at asking net rent of $150 per square foot. Two separate restaurants will open at the location, one serving New American cuisine and the other serving tapas.
• Hus leased 2,587 SF at 11 Christopher Street.
  The store inked a lease for 1,765 square feet on the ground floor and 822 square feet in the basement. The lease has an initial 10-year term with an additional five-year option at 95 percent of fair market value. The reported asking rent was $125 per square foot.
• Lululemon Athletica leased 2,400 SF at 1930 Broadway (The Grand Tier).
  The yoga-inspired athletic apparel company inked a deal for space in the luxury residential building. The store is scheduled to open during the 2006 holiday shopping season.

New York City Buildings Sold:

• Stuyvesant Town and Peter Cooper Village, a 11,232 residential units in 110 buildings was sold to Tishman Speyer, Blackrock Realty for $5.4 billion.
• 666 Fifth Avenue was sold to Kushner for $1.8 billion or $1,200/RSF. Kushner is reported to be selling the retail space of 99,000 SF for $640 Million.
• 350 Park Avenue, a 37-story, 538,000 sf office building, was sold to Vornado Realty Trust Holdings for $542 million.
• 1330 6th Avenue was sold to Macklow for $498 million. 1330 6th Avenue is a 522,000 RSF class A office building.
• 2207 Broadway and 390 West End Avenue (The Apthorp), a 163-unit apartment building, was sold to Maurice Mann for $425 million.
• 201 Park Avenue South ( W New York Union Square Hotel), a 270-room hotel, was sold to Istithmar for $285 million.
• 95 Christopher Columbus Drive (Jersey City), a 19-story, 629,922 sf office building, was sold to Wells Real Estate Investment Trust II Inc. for $193 million.
• 3 Mitchell Place (Beekman Tower Hotel), 222 East 39th Street (Eastgate Tower Hotel), two hotels with 359 rooms total, was sold to Peninsula Real Estate Fund I for $151 million.
• 545 Madison Avenue, a 17-story, 140,000 sf office building, was sold to LCOR, Lehman Brothers, and Blackrock.
• Queens West parcel (Long Island City), a 24-acre development site, was sold to City of New York for $100 million.
• 140 West 42nd Street, a Development site, was sold to Istithmar for $76 million.
• 139 Centre Street, a 177,000 sf office building, was sold to Angelo Gordon & Co., and Young Woo & Associates for $55 million.
• 60-90 Metropolitan Avenue in Brooklyn, a Development site, was sold to Steiner Equities for $25 million.
• 527 Greenwich Street, a 5-story, 38,000 sf office building, was sold to Beck Street Capital for $21 million.
• 425 Fifth Avenue, a 9,200 sf commercial condo, was sold to Titanium Marketing Inc.
• 901 Broadway, a 5-story, 19,400 sf mixed-use building, was sold to a New York City investor for $17 million.
• 36-38 Hudson Street, a 6,598 sf retail condo, was sold to Louie Lanza, L2 Tribeca LLC for 3 million.

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