New York Office Leases:

• Total Manhattan Office Class A vacancies dropped from 13.95 million RSF to 13.11 million RSF, as total vacancy dropped from 23.59 million RSF to 22.60 million RSF.
• Total Manhattan Office direct lease vacancy dropped from 19.93 million RSF to 19.09 million RSF, as sublease vacancy dropped from 3.67million RSF to 3.51 million RSF.
• Total Manhattan Office Market vacancies dropped from 23.59 million RSF to 22.60 million RSF.
• Midtown South Office vacancy dropped from 4.48 million RSF to 4.07 million RSF.
• Total Midtown Office vacancy dropped from 12.26 million RSF to 12.05 million RSF.
• Total Manhattan Downtown vacancy dropped from 6.86 million RSF to 6.48 million RSF.
• Total vacant Office Space in Midtown Manhattan in sublease space dropped from 2.417 to 2.281 million RSF. Total vacant direct space dropped from 9.84 million RSF to 9.77 million RSF.
• Midtown South Office direct lease vacancy dropped from 3.98 million RSF to 3.56 million RSF. Sublease vacancies rose from 0.50 to 0.51 million RSF.
• Total Downtown Manhattan Office vacancies dropped with direct lease space decreasing from 6.11 million to 5.76 million RSF. Total vacant sublease space continues to decrease from 0.751 to 0.718 million RSF.

NYC Retail Leases:

• Total available Manhattan Retail Space increased from 0.64 to 0.69 million RSF./li>
• Midtown South Retail space vacancies increased from 0.34 to 0.36 million RSF./li>
• Midtown vacancy increased from 0.17 million RSF to 0.18 million RSF./li>
• In Downtown, retail vacancy increased from 0.13 million RSF to 0.15 million RSF./li>

New York Industrial Leases:

• Total vacant Manhattan Industrial Space decreased from 0.78 to 0.56 million RSF.
• Midtown vacancy decreased from 0.56 million RSF to 0.36 million RSF.
• Midtown South vacancy decreased from 0.18 to 0.16 million RSF.

Manhattan Office Rentals:

• MetLife rented 410,000 RSF at 1095 Sixth Avenue.
  The insurance firm inked a 21-year lease for space it will begin occupying in the fourth quarter of 2008. MetLife is moving from Long Island City back to Manhattan, but the company says one-third of its 1,834 employees will remain in Queens.
• AIG rented 250,000 RSF at 32 Old Slip (Financial Square).
  The insurance firm inked a long-term lease. It is moving into some of the space immediately, and will occupy the rest in March 2007 following a custom build-out. The lease brings the building to more than 95 percent occupancy.
• MTV Networks rented is relocating into 250,000 RSF at 345 Hudson.
• Moody's rented is expanding and taking 80,000 RSF more square feet at 7 World Trade Center.
• Royal Bank of Canada rented 240,000 RSF at 3 World Financial Center.
  The bank inked a 15-year lease. The rent is reported to be $40 per square foot at the start of the lease; it will increase to $50 per square foot by the end of the lease.
• Phillips-Van Heusen Corporation rented 200,000 RSF at 200 Madison Avenue.
  The international apparel firm inked a renewal and expansion lease. In total, the firm now occupies approximately one-third of the 26-story, 600,000-square-foot building. The landlord is a partnership between George Comfort & Sons and Loeb Partners Realty.
• Blackrock rented 150,000 RSF at 55 East 52nd Street (Park Avenue Plaza).
  Blackrock subleased the space from the Dutch financial firm.
• DKNY rented 143,800 RSF at 240 West 40th Street.
  The fashion firm, a division of LVMH, inked a 10-year lease for office, showroom and design space. Its headquarters will remain in 50,000 square feet at 550 Seventh Avenue.
• ABN Amro rented 140,000 RSF at 7 World Trade Center.
  The Dutch banking giant signed a 15-year lease to occupy space on floors 30 to 33. It will move 500 employees from Midtown in late 2007 or early 2008. The lease includes the option to expand by 20,000 square feet in the first quarter of 2007, and by another 20,000 square feet within six to eight years.
• Sidley Austin rented 90,000 RSF at 1251 Sixth Avenue.
  The law firm inked a lease for the 48th and 49th floors of the building. The space, which had been occupied by Ropes & Gray, had an asking rent of $100 per square foot. The deal is reported to have been signed at $90 per square foot.
• CBS Radio rented 80,000 RSF at 345 Hudson Street.
  The broadcasting company took space on the 10th and 11th floors of the 17-story building. The lease includes expansion rights that could double CBS's presence in the next few years.
• Marathon Asset Management rented 75,000 RSF at One Bryant Park.
  The hedge fund inked a deal for the entire 38th and 39th floors of the 54-story, 2.1-million-square-foot property under development by the Durst Organization and Bank of America. For floors that remain available; asking rents are reported to be $115 per square foot.
• Sullivan & Cromwell rented 66,948 RSF at 55 Water Street.
  The law firm, which will maintain its global headquarters at 125 Broad Street, took space in the 3.8-million-square-foot office complex. The building, which was more than 14 percent vacant in 2005, is now 98 percent occupied.
• The Conference Board rented 64,100 RSF at 845 Third Avenue.
  The firm responsible for generating the Consumer Confidence Index signed a 15-year lease renewal. It has been headquartered in the 21-story property for 43 years.
• New York City Department of Juvenile Justice rented 47,500 RSF at 110 William Street.
  The tenant inked a lease for the entire 13th floor and part of the 14th floor. The 32-story, 900,000-square-foot building is now 99.6 percent occupied.
• Laurus Capital Management rented 38,366 RSF at 335 Madison Avenue.
  The hedge fund inked a six-year sublease for the entire 10th floor at a reported asking rent in a range of $75 to $80 per square foot. The tenant is relocating from a 10,000-square-foot space at 825 Third Avenue, while the sublessor is consolidating its operations in a 54,000-square-foot space at 1633 Broadway.
• The Consulate General of Ireland rented 34,968 RSF at 345 Park Avenue.
  The tenant has been subleasing space in the 1.6-million-square-foot property since 1991.
• LinkShare Corporation rented 33,000 RSF at 215 Park Ave South.
  The marketing solutions firm inked a 10-year renewal and expansion lease in the 20-story, 300,000-square-foot office tower.
• Elie Tahari rented 29,674 RSF at One Bryant Park.
  The fashion firm inked a 15-year lease for the entire 50th floor in the 51-story property.
• First Investors Management Company rented 28,000 RSF at 110 Wall Street.
  The investment advisory firm will move into the space, where asking rents are reported to be $35 per square foot, in summer 2008. The tenant, which had been subletting space from JP Morgan Chase at 95 Wall Street, was forced to move when JP Morgan made a deal with 95 Wall Street owner Joseph Moinian to vacate the building.
• Town Sports International rented 27,877 RSF at 5 Penn Plaza.
  The tenant is relocating from 888 Seventh Avenue and expanding by 10,000 square feet.
• Piper Jaffray rented 26,000 RSF at 150 East 42nd Street.
  The investment bank subleased space.
• The New York Diamond Dealers Club rented 25,000 RSF at 580 Fifth Avenue.
  The diamond bourse, which has occupied space in the 38-story tower for 22 years, inked a long-term lease renewal. The tenant had reportedly been aggressively pursued by Extell Development to take space in a new development on 47th Street, but elected to remain in 580 Fifth Avenue.
• Sichenzia Ross Friedman Ference LLP rented 23,750 RSF at 61 Broadway.
  The tenant is relocating from 1065 Sixth Avenue and expanding by 15,000 square feet.
• Broadway Dance Center rented 22,500 RSF at 322 West 45th Street.
  The open-class dance studio, which is relocating from 221 West 57th Street, entered a six-and-a-half year sublease for the entire third floor. The lease includes an option to extend for an additional three years. Christel Engel of GVA Williams represented the building owner.
• Eileen Fisher rented 20,300 RSF at 530 Seventh Avenue.
  The tenant inked a 10-year lease renewal for showroom space.
• Magnetar Capital rented 19,158 RSF at 500 Park Avenue.
  The Chicago-based finance company, which is relocating its New York offices from 623 Fifth Avenue, inked a sublease for the entire fifth floor.
• Travelocity rented 17,518 RSF at 325 Hudson Street.
  The travel firm, which is relocating from 139 Centre Street, inked a five-year and four-month lease. Its former office is being converted to residential use.
• Cole, Schotz, Meisel, Forman & Leonard rented 17,300 RSF at 900 Third Avenue.
  The law firm is relocating from 460 Park Avenue and expanding by 11,000 square feet.
• Hennes & Mauritz (H & M) rented 16,500 RSF at 215 Park Ave South.
  The international fashion retailer signed a seven-year lease for the entire 15th floor of the 20-story, 300,000 square foot office tower.
• Optima Fund Management rented 16,258 RSF at 10 East 53rd Street.
  The tenant inked a 10-year lease extension.
• Republic Bank rented 16,000 RSF at 1230 Sixth Avenue.
  The bank subleased space.
• Dai Ichi Life International rented 15,832 RSF at 1133 Sixth Avenue.
  The insurance company inked a five-year lease extension for space on the 28th floor.
• Montessori School of Manhattan rented 15,000 RSF at 2 Gold Street.
  The private pre-kindergarten school took space in the base of a 650-unit residential building.
• Homebridge Mortgage Bankers rented 14,837 RSF at 55 East 59th Street.
  The mortgage company inked a 10-year lease.
• C-Life Corp. rented 14,509 RSF at 1400 Broadway.
  The children's wear firm signed a new lease.
• Columbus Nova rented 14,100 RSF at 153 East 53rd Street (Citigroup Center).
  The private international investment firm inked a sublease lease for executive and corporate office space that will occupy part of the 58th and 59th floors. The tenant is the U.S.-based affiliate of the Renova Group of Companies, a Russian strategic investment firm.
• Tokio Marine Management rented 14,000 RSF at 230 Park Avenue.
  The Japanese insurance firm inked a 10-year lease for additional space in the building, where it already occupies 55,000 square feet. The space includes its own elevator and a private entrance on Vanderbilt Avenue.
• Grant & Eisenhofer rented 13,703 RSF at 485 Lexington Avenue.
  The law firm inked a 10-year lease for the entire 29th floor of the 32-story, 926,122-square-foot office tower. The lease brings the building's occupancy to more than 90 percent.
• Hellman & Friedman rented 10,400 RSF at 390 Park Avenue.
  The hedge fund inked a 10-year lease for the penthouse space, which is reportedly structured with the first five years at $140 per square foot and the second five years at $150 per square foot. The fund signed a termination lease with the landlord of 375 Park Avenue, where it is paying $75 to $80 per square foot for its current 6,200-square-foot space.
• Aksia Research & Management rented 8,388 RSF at 599 Lexington Avenue.
  The research advisory firm inked a 10-year lease.
• Paul Ryan Associates rented 8,200 RSF at 7 West 22nd Street.
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• Standard Americas rented 8,000 RSF at 320 Park Avenue.
  The bank signed an expansion lease.

New York Retail Leases:

• Gucci leases 46,000 SF at 725 Fifth Avenue on four levels.
  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.
• Modell’s leases 19,082 SF at 611 Sixth Avenue.
• Duane Reade leases 13,000 SF at 316 Third Avenue.
  The drugstore chain inked a seven-year lease.
• AEC Reprographics leases 11,100 SF at 42 West 39th Street.
  The digital printing company inked a seven-year lease. The asking rent for the 3,200 square feet on the ground floor was reportedly $125 per square foot. The lease also comprises 2,000 square feet on the mezzanine level and 5,900 square feet in the basement.
• Walgreens leases 10,873 SF at 292 First Avenue.
  The drugstore chain inked a 15-year lease.
• Park Avenue Café renewed their 10,000 SF lease at 575 Park Avenue. leases
• China Grill leases renewed their 9,000 SF lease at 60 West 53rd Street.
  The restaurant inked a 20-year lease renewal.
• Food Emporium leases 6,500 SF at 42 West 39th Street.
  The supermarket inked an 11-year lease in the 18-story building, where asking rents are reported to be $34 per square foot.
• Greenwich Village Plumbing leases 6,400 SF at 223 West 28th Street.
  The plumbing supplies retailer signed a 10-year lease with a single five-year extension option. The space, which aggregates 4,200 square feet on the ground floor and 2,200 square feet in the basement, had a blended asking rent of $45 per square foot.
• JP Morgan Chase leases 6,000 SF at 1 United Nations Plaza.
  The financial services firm inked a 16-year lease for space that will house an additional banking branch.
• Helio leases 5,500 SF at 622 Broadway.
  The mobile communications company inked a lease for its first New York location. The space is divided between two levels and will feature a lounge and stations where consumers can sample its devices and services.
• The North Face leases 4,300 SF at 139 Wooster Street.
  The outdoor equipment and clothing retailer inked a 10-year lease for its second Manhattan location.
• Token Labels leases 3,200 SF at 258 Elizabeth Street.
  The retailer, which will sell both Manhattan Portage and Token bags, inked a seven-year lease for its first New York City location. The space comprises 2,000 square feet on the ground floor, 1,200 square feet on the second floor and a full basement. It had a reported asking rent of $120 per square foot.
• Christian Lacroix leases 2,700 SF out 36 East 57th Street.
  The Parisian fashion designer inked a lease for the space formerly occupied by Oxxford. Oxxford was bought out of its lease and has relocated to 717 Fifth Avenue.
• Cotelac leases 2,500 SF at Greene Street.
  The French fashion firm inked a 10-year lease for its U.S. flagship. The asking rent for the space was reportedly $225 per square foot.
• Vera Wang leases 2,500 SF at 158 Mercer Street.
  The space will house the designer's first ready-to-wear boutique in Soho and will serve as the flagship location for her ready-to-wear clothing line. It is scheduled to open in fall of 2007.

New York City Buildings Sold:

• 450 West 33rd Street, a 800,000 RSF office building, sold for about $700 Million.
• One Park Avenue, a 913,000 RSF office building, sold for $550 Million or $602/RSF.
• 2 Park Avenue, a 960,000 RSF office building, was sold for $519 Million.
• 1745 Broadway, a 675,000 RSF office building, was sold for $509 Million or 754/RSF.
• 1328 Broadway, a 360,000 RSF mixed-used building was sold for $500 Million or $1,400/RSF.
• 1330 Sixth Avenue, a 522,000 RSF office building, was sold for 498 Million or $954/RSF.
• 85 Tenth avenue, a 600,000 RSF office building, is in contract for $430 Million or $717/RSF.
• 80 Columbus Circle (the Mandarin Oriental Hotel), a 248 room hotel, a 73% share of the hotel was sold for $340 Million or $1.37 Million/key.
• 1568 Broadway (Doubletree Guest Suites), a 43 Story, 460 room hotel, was sold for $180.2 Million.
• 230 West 55th Street, a 200,000/RSF apartment building, sold for $130 Million or $650/SF.
• 200 West 57th Street. a 120,000/RSF office building, was sold for $126 Million which translates into $1050/RSF.
• 245 East 19th Street sold for 130.5 Million.
• The Museum of Modern Art sold a 17,602 RSF vacant lot for $125 Million.
• 420 East 80th Street, a 137,238 RSF apartment building, was sold for $62 Million
• 420 Fifth Avenue, a 116,000 RSF office condominium, was sold for $58.5 Million or $505/SF.
• 700 Broadway, a 100,000 RSF office building, was sold for $53 Million or 530/RSF.
• 15 West 68th Street, a 12,200 RSF townhouse, was sold for $14.5 Million or 1,189/RSF.
• 176-182 West 82nd Street (4 buildings containing 28,800 RSF) was sold for $12 Million or $417/SF.