New York Office Leases:

• Total New York City Office Class A vacancies decreased from 11.59 million RSF to 11.19 million RSF.
• Total vacancy decreased from 20.09 million RSF to 20.08 million RSF.
• Total New York City Office direct lease vacancy decreased from 17.37 million RSF to 17.29 million RSF.
• Sublease vacancy increased from 2.72 million RSF to 2.8 million RSF.
• Total New York City Office Market vacancies decreased from 20.09 million RSF to 20.08 million RSF.
• Midtown South Office vacancy increased from 2.81 million RSF 3.04 million RSF.
• Total Midtown Office vacancy decreased from 11.42 million RSF to 11.28 million RSF.
• Total New York City Downtown vacancy decreased from 5.87 million RSF to 5.76 million RSF.
• Total vacant Office Space in Midtown New York City in sublease space increased from 1.77 million RSF to 1.78 million RSF.
• Total vacant direct space decreased from 9.65 million RSF to 9.50 million RSF.
• Midtown South Office direct lease vacancy increased from 2.50 million RSF to 2.67 million RSF.
• Sublease vacancies increased from 0.314 million RSF to 0.378 million RSF.
• Total Downtown New York City Office vacancies decreased with direct lease space decreased from 5.22 million RSF to 5.12 million RSF.
• Total vacant sublease space stayed at 0.64 million RSF.

NYC Retail Leases:

• Total available New York City Retail Space increased from 1 million RSF to 1.01 million RSF.
• Midtown South Retail space vacancies increased from 0.66 million RSF to 0.71 million RSF.
• Midtown vacancy decreased from 0.22 million RSF to 0.19 million RSF.
• In Downtown, Retail vacancy decreased from 0.13 million RSF to 0.11 million RSF.

New York Industrial Leases:

• Total vacant New York City Industrial Space stayed at 0.26 million RSF.
• Midtown Vacancy stayed at 0.11 million RSF.
• Midtown South Vacancy decreased from 0.15 million RSF to 0.14 million RSF.

Manhattan Office Rentals:

• iStar Financial leases 130,000 rsf at 1095 Sixth Avenue.
  The financial services firm signed a new lease.
• Fragomen, Del Rey, Bernsen & Loewy leases 120,000 rsf at 7 Hanover Square.
  The law firm signed a 12-year sublease, nearly doubling its space in a relocation from 515 Madison Avenue.
• J & W Seligman and Co. Inc.; Seligman Data Corporation leases 103,300 rsf at 100 Park Avenue.
• Ann Taylor leases 94,000 rsf at 1372 Broadway.
  The fashion company renewed its lease through 2020. The asking rent was $45 per square foot.
• Gemstar-TV Guide International Inc. leases 85,000 rsf at 11 West 42nd Street.
  The media, entertainment and technology company inked a lease for space on the 16th, 17th and 18th floors in a relocation from 1211 Sixth Avenue. Among the departments that will be moving are TV Guide Magazine's editorial department, TV Guide Online and the company's primary ad sales staff.
• Ruder Finn Inc. leases 81,984 rsf at 301 East 57th Street.
  The public relations firm signed an expansion lease for the third floor. The company also inked a lease renewal for three floors at 301 East 57th Street, bringing its total square footage to 94,223.
• SourceMedia leases 79,296 rsf at 1 State Street Plaza.
  The financial publications company signed a new lease for the entire seventh floor and also renewed its lease for the ninth floor.
• Hampshire Designers Inc. leases 77,000 rsf at 119 West 40th Street.
  The distributor of women's sweaters signed a lease for floors four through eight, consolidating from six Manhattan locations. Reported rents in the building were in the $50s-per-square-foot range.
• Porter Novelli leases 72,000 rsf at One Hudson Square.
  The public relations firm inked a sublease for the entire sixth floor.
• Emmet, Marvin & Martin leases 64,000 rsf at 120 Broadway.
  The law firm signed a 12-year lease renewal.
• Interbrand leases 63,845 rsf at 130 Fifth Avenue.
  The division of global advertising firm Omnicom signed a lease renewal for floors two to six.
• CRG West leases 51,000 rsf at 32 Sixth Avenue.
  The data center and property management company signed a 15.5-year lease for space with a reported asking rent in the mid- to high $40s.
• NYU Hospitals Center leases 48,896 rsf at 673 First Avenue.
  The hospital inked a new 15-year lease for the part of the fourth floor it did not yet occupy, as well as the entire fifth floor of the 12-story, 425,000-square-foot property. The tenant now leases 65,720 square feet within the building and more than 230,000 square feet in the landlord's portfolio.
• The Harry Fox Agency leases 47,144 rsf at 601 West 26th Street (Starrett-Lehigh Building).
  The licensing agency subleased space.
• Wal-Mart Stores LP leases 46,103 rsf at 1372 Broadway.
  The world's second-largest corporation signed a 10-year lease for the entire second floor and second floor mezzanine, which will serve as the company's executive offices.
• Mizuho Trust and Banking Co. leases 44,790 rsf at 135 West 50th Street.
  The financial services firm took space in a relocation from 666 Fifth Avenue.
• Deluxe Entertainment leases 44,000 rsf at 435 Hudson Street.
  The technology provider for the entertainment industry signed a lease for space on the eighth and ninth floors and in the basement. The reported asking rent in the building was in the high $40s.
• SourceMedia leases 42,460 rsf at 1 Whitehall Street.
  The financial publications company signed a new lease for the entire seventh floor and also renewed its lease for the ninth floor.
• Oce Business Services leases 41,000 rsf at 460 West 34th Street.
  The corporate services firm inked a 10-year lease for space in the 528,000-square-foot building.
• Parigi Group leases 40,719 rsf at 112 West 34th Street.
  The children's apparel company signed a long-term expansion lease for the entire fifth floor. Parigi has been a tenant of the property since 1982.
• Polo Ralph Lauren Corp. leases 35,0050 rsf at 625 Madison Avenue.
  The fashion company signed a lease renewal.
• GoldenSource Corporation leases 34,290 rsf at 22 Cortlandt Street.
  The global data management firm inked a 10-year lease renewal for space in its current headquarters.
• Computershare Ltd. leases 33,074 rsf at 199 Water Street.
  The securities industry software provider signed a seven-year sublease for the entire 26th floor in an expansion from its previous offices at 17 State Street and 88 Pine Street.
• CBS Broadcasting leases 32,721 rsf at 555 West 57th Street.
  10-year lease renewal
• Farrar, Straus and Giroux leases 32,000 rsf at 18 West 18th Street.
  The book publisher inked a 10-year lease for the seventh and eighth floors in a relocation from 19 Union Square West, its home of more than 40 years.
• Jams Inc. leases 31,753 rsf at 620 Eighth Avenue (New York Times Building).
  The firm, whose acronym stands for Judicial Arbitration and Mediation Services, inked a lease for the entire 34th floor.
• Crowell & Moring leases 30,000 rsf at 153 East 53rd Street (Citigroup Center).
  The lawyers signed a sublease that extends through 2008 for space located on the 31st floor with a reported asking rent of $60 per square foot. AT Kearny has been reducing staff and space since the completion of a management-led buyout from Electronic Data Systems in January. It arranged a sublet to Fortis Bank for space on the 27th floor earlier this year and continues to occupy 30,000 square feet on the 30th floor.
• Global Asset Management leases 26,668 rsf at One Rockefeller Plaza.
  The investment firm signed a long-term lease for the entire 21st floor and part of the 17th floor.
• Konica Minolta Business Solutions Inc. leases 26,400 rsf at 485 Lexington Avenue.
  The document imaging solutions company signed a 13-year lease in a relocation from 420 Lexington Avenue.
• Sunshine Realty Management leases 25,005 rsf at 12-14 Desbrosses Street.
  The commercial real estate firm inked a 15-year lease for the entire building.
• Taylor Global leases 25,000 rsf at 350 Fifth Avenue (Empire State Building).
  The public relations firm took space.
• DiMaio Ahmad Capital leases 23,826 rsf at 245 Park Avenue.
  The hedge fund subleased space.
• NBA Properties leases 22,841 rsf at 477 Madison Avenue.
  The licensing and merchandising agent for the National Basketball Association inked a direct lease with the landlord. The tenant will also continue to occupy its headquarters space at 645 Fifth Avenue.
• KPS Capital Partners LP leases 22,279 rsf at 485 Lexington Avenue.
  The private equity firm inked a 10-year lease for the duplex penthouse comprising the entire 31st and 32nd floors. The company is relocating from 200 Park Avenue.
• Fordham University leases 22,000 rsf at 1790 Broadway.
  Fordham signs 10-year lease for its Development Office.
• Lectra USA leases 20,000 rsf at 25 West 39th Street.
  The fashion technology provider inked a 10-year lease in a relocation from 15,000 square feet at 119 West 40th Street.
• The American Numismatic Society leases 19,000 rsf at One Hudson Square.
  The tenant signed a lease for space on the 11th floor with a reported asking rent in the high $40s.
• De Novo Legal LLC leases 17,500 rsf at 30 Broad Street.
  The legal staffing firm took space.
• Corporate Suites LLC leases 17,250 rsf at 22 Cortlandt Street.
  n/a
• New York Automobile Insurance Plan leases 16,750 rsf at 22 Cortlandt Street.
  The automobile insurance company took space.
• Z-Brand leases 15,000 rsf at 42 West 39th Street.
  The fashion company, a subsidiary of Vicstar International, inked an 11-year lease for showroom and office space. The asking rent was reportedly $39 per square foot.
• Surdna Foundation Inc. leases 14,332 rsf at 330 Madison Avenue.
  The tenant, a family foundation that makes grants in areas including the environment and community revitalization, inked a renewal and expansion lease for the entire 30th and part of the 29th floors.

New York Retail Leases:

• GGMC Parking leases 23,609 sf at 627 West 42nd Street (The Atelier).
  The parking garage inked a lease for a 2,913-square-foot ground-floor space and a 20,696-square-foot second-floor space in the luxury condominium building.
• Duane Reade leases 17,000 sf at 775 Columbus Avenue.
  New store to open
• EL Mundo Stores leases 11,267 sf at 4086 Broadway.
  The clothing and accessories discount retailer signed an 11-year lease.
• Free People leases 6,000 sf at 79 Fifth Avenue.
  The women's fashion retailer took space for its first Manhattan location, which is slated to open in December. The space comprises 2,000 square feet on the ground floor and 4,000 square feet on the lower level.
• Ballroom Off 5th Studio leases 5,000 sf at 37 West 37th Street.
  The dance instruction firm leased the entire second floor and will install a state-of-the-art sound system and dance floor.
• Fabric Garden Inc. leases 4,911 sf at 231 West 39th Street.
  The fabric store inked a seven-year lease for retail space with a reported total asking price of $1.5 million.
• Commerce Bank leases 4,500 sf at 1873 Broadway.
  First Wall Street store; previously home to Bank of Portugal
• Bank of America leases 4,400 sf at 131 Eighth Avenue.
  Bank branch replaces Gap store
• JP Morgan Chase Bank leases 3,750 sf at 501 Second Avenue.
  The financial services firm inked a 16-year lease for space that will house an additional banking branch.
• Staples leases 3,556 sf at 261 Madison Avenue.
  The Staples Superstore format will be deployed at the new Bronx mixed-use development.
• Kentshire Galleries leases 3,500 sf at 700 Madison Avenue.
  The family-owned arts and antiques gallery signed a lease to open its third location in Manhattan. The branch will span three levels.

New York City Buildings Sold:

• Westbrook Partners purchased 90 Lexington Avenue, a 13-story, 107-unit apartment building, containing 128,500-square-foot and was built in 1957 was sold for $30.5 million.
• 752 West End Avenue sold to Westbrook Partners for $85,787,799, pre war apartment building.
• Holiday Inn Soho, at 138 Lafayette Street, with 227 rooms and The Tudor Hotel, with 300 rooms, were purchased by The Procaccianti Group of Rhode Island.
• With the dollar falling to recent lows, foreign money is entering New York's real estate market. Some foreign purchases are: the Beekman, Eastgate Hotels and 222 East 41st Street.
• 250-252 West 14th Street, 2 mixed-use buildings, 12,436 sf total, was sold to a Manhattan investor for $10.625 million.
• 225 West 34th Street (14 Penn Plaza), a 22-story, 560,000 sf office building, was sold to Circle Properties for $350 million.
• 885 Third Avenue (Lipstick Building), a 34-story, 587,000 sf office building, was sold to Gramercy Capital Corp., SL Green for $317 million.
• 1372 Broadway, a 21-story, 508,000 sf office building, was sold to Wachovia Corporation for $284.75 million.
• 530-536 Broadway, a 2 office building, 190,000 sf total, was sold to Joseph Sitt, Thor Equities; Yaron Jacoby-led partnership for $190 million.
• 1040, 1050 and 1052 Sixth Avenue, 3 office buildings, a 267,000 sf total, was sold to Skyline Developers for $170 million.
• 104 West 40th Street, a 210,000 sf office building, was sold to Principal US Property Separate Account for $140 million.
• 691-699 Eighth Avenue, 306 West 44th Street, 309 West 43rd Street, Development sites, was sold to Tishman Realty & Construction for $128 million.
• 321 West 44th Street, a 10-story, 228,268 sf office building, was sold to Kushner Companies for $87.5 million.
• 229 West 36th Street, a 130,000 sf office building, was sold to Real Estate Capital Partners for $57.6 million.
• Harlem Portfolio of 8 mixed-use buildings, 189,000 sf total, was sold to Aimco for $53.75 million.
• 537-545 West 27th Street, a Development site, was sold to Jay Furman; Ron Moelis; Erik Ekstein for $42 million.
• 357 and 261 West Street, a 156-162 Leroy Street, a Development Site, was sold to Peter Moore Associates for $34 million.
• 1024-1030 Lexington Avenue, a 5-story, 24,000 sf office building, was sold for $32 million.
• 72-76 Greene Street, a 45,000 sf mixed-use building, was sold to Bear USA Inc. for $28.15 million.
• 241 Fifth Avenue, a Development site, was sold to 241 Fifth Ave Hotel LLC for $26.5 million.
• 30 West 21st Street, a 48,783 sf office building, was sold for $25 million.
• 315-321 Sixth Avenue, a Four 4- story mixed-use buildings, was sold for $17.2 million.
• 3270 Broadway, a vacant building, was sold to Columbia University for $10.4 million.
• 1-3 Orchard Street, a 4-story, 16,800 sf mixed-use building, was sold to Manhattan developer for $9.4 million.
• 117 and 129-131 West 123rd Street, 2 vacant lots, was sold to a Manhattan developer for $7.5 million.
• 125 Maiden Lane, a 3-story office condo, was sold to U.S. Fund for Unicef.
• 820 Second Ave, a 25,300 sf office condo, was sold to United Synagogue of Conservative Judaism.

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