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Home , 195 Broadway, 35 Hudson Yards, 3 Hudson Boulevard, 3 Times Square, 488 Madison Avenue, 4 Times Square

A1 e Yr Ps, hrdy aur 6 00nypost.com Thursday, January 16, 2020 Post, York New Commercial Real Estate

More than 120 new hotels are rising across the in guests a building boom

By LOIS WEISS ngoing hotel develop- ment is bringing more rooms to Gotham — and rates are holding steady despite the influx. of honor “We are still going Othrough a supply indigestion, as has suffered from over- supply and Airbnb as well as a big increase in the supply of rooms per night,” says Gilda Perez-Alvarado of JLL’s hospitality group. “However, New York continues to break visita- tion records, so the rooms are being absorbed [by demand].” But since many of the new hotel rooms, especially in the outer bor- oughs and those found midblock in , are in the mid-market and economy levels, their lower rates bring the nightly averages down, she explains. According to NYC & Company, The Six the city’s official tourism office, Senses will 2019 saw a record 66.9 million visi- open in the tors from both home and abroad. new XI By the end of 2021, the city will (left), while have more than 144,000 rooms avail- the Waldorf able to visitors — and 3,900 of these Astoria will have come from the 20 new ho- tels that opened in 2019. (below) is More are on the horizon: Hotels in undergoing the construction pipeline include 56 a complete in Manhattan, 21 in , 37 in renovation. , eight in and one The XI; No‘ & Associates/The Boundary (inset)

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Howard J. Tenenbaum 212.216.1685 [email protected] slgreen.com A4 Commercial Real Estate The inn crowd From Page A1 in . While lower rates are good news for tourists and business travelers, those who own hotels are work- ing hard to increase in- comes and bring the rooms into the 21st century with updates and technology. TWA Hotel/David Mitchell (2) New York 202016, January Thursday, Post, “Hotels nypost.com now have a focus on tech and making sure they have the high-speed Wi-Fi and dependability of service,” says Mark Owens, who specializes in hotel in- vestment sales at CBRE. Mobile phone check-in and QR code keys are just a few of the updates that ho- A new Ritz-Carlton is rising in Nomad (left), while the their income prima- tels are installing. TWA Hotel is a restoration and expansion of JFK’s rily comes from Iconic hotels, too, are re- swoopy 1960s-era terminal (above, right). room rates. thinking how their legacies Few hotels have fit into the needs of a new son Yards. One of the sleek- A cluster of new traded, but among era. The 350-room Waldorf est is the 212-room Equinox hotels is going up them is the 729- Astoria is undergoing a at , below between Fifth Ave- room Parker, most top-to-bottom renovation its glamorous residential nue and recently known as by its Chinese ownership apartments. The hotel and around West 28th Le Meridian, on West with many rooms turned retail portion of the 212- and 30th streets. 56th Street. It sold for

into condominiums. “A ma- Ritz-Carlton The room Equinox is being sold These include the 460- $420 million in January jority of them are going through Douglas Harmon room Virgin Hotel at 2019 and is being re- condo,” says Owens. “Only taller, slimmer and with the at Cushman & Wakefield. 1225 Broadway and a 250- branded as a Thompson a small portion will be in latest in high-tech advan- “The Equinox is beautiful room Ritz-Carlton at 1185 with fewer rooms and the hotel bucket.” ces by a new ownership and part of the Hudson Broadway. The Fifth Ave- newly added condos. Next to Grand Central group that includes TF Yards,” says Owens. nue Hotel, anchored in a and Chelsea are liekwise Buyers from abroad are Terminal is the Grand Hy- Cornerstone and Michael Other upcoming area ho- historic building at 250 attracting see-and-be-seen still interested in the city, att, President Trump’s first Dell’s investment vehicle. tels are the 164-room Pen- Fifth Ave., will also have a hotels. These include the Owens explains, because Manhattan development. It New hotel projects are dry and new tower. These will join luxurious Six Senses New putting foreign capital into is soon to be completely also popping up on the the Courtyard by Marriott the Breslin, the Ace and the York at 76 11th Ave. in the dollars can mitigate risk in torn down and rebuilt near buzzy Hud- Midtown West opposite Nomad to serve the area XI project, while the exclu- their home countries. Hudson Yards. around Madison Square sive Restoration Hardware “ will con- The 445-room Hard Rock Park, which also has the hotel at 55 Gansevoort St. tinue to keep its place as at 151 W. 48th St. and 238- Royalton . will have a mere 14 rooms. one of the world’s most room Margaritaville at 560 “It’s phenomenal to see In Midtown, another prominent tourist destina- Seventh Ave. at West 40th how the Ace and Nomad glam hotel is the Aman, be- tions,” says Perez-Alvarado. Street are soon coming to hotels reinvigorated that ing developed in the Lower numbers of interna- rock out in , submarket as a destination Crown Building at 730 Fifth tional tourists are due to joining the new Times and now a hub of luxury,” Ave. and West . the strong dollar, she be- Square Edition with spec- said Owens. The city, however, lacks lieves. “When investors are tacular common areas. The Meatpacking District convention headquarters- looking [to buy], they look type hotels. Plans to con- at record high occupancy struct one opposite the Jav- levels. The infrastructure is its Center have never come better, there is a huge to fruition. growing middle class in “From a convention des- and India that can tination, we are missing travel, and the city contin- that cylinder of the engine, ues to be one of the most but from an occupancy per- liquid investment markets spective New York is still in the world.” doing well,” says Owens. Don’t forget the 512-room “Even midsize groups TWA Hotel at JFK airport, could benefit from having a opened in May 2019 as a headquarters-style hotel.” restoration and expansion But he notes that giant ball- of the termi- rooms and other confer- nal building. It wouldn’t be ence-necessary event spa- an exaggeration to say that Hard Rock International; Margaritaville International; Rock Hard ces don’t add to hotel com- the city’s hotels are truly The Times Square area will welcome an edgy Hard Rock hotel (above left) and a splashy Margaritaville property (above right). panies’ bottom lines, as taking flight. , Thursday, January 16, 2020 nypost.com A5 A6 Commercial Real Estate

Hudson Yards’ New renderings for 3 Hudson show its 1,000-foot Boulevard height (left) and double-height unveiled HUDSON floors (inset). By LOIS WEISS

BRAND-NEW de- sign has been re- vealed for 3 Hud- son Boulevard, a long-planned tower with 1.85 million STAR Asquare feet of office space. Just shy of 1,000 feet tall, 3 Hudson Boulevard will top out at 56 stories with

several floors having nearly Binyan Studios (2); Gensler 30-foot-high ceilings and New York 202016, January Thursday, Post, plenty nypost.com of terraces. It is slated to be ready for ten- ants at the end of 2023. The $3 billion-plus project, located on the northwest corner of West and Hudson Boulevard, is a collabora- tion between Joseph Moin- ian and office real estate And the inside is just as development for Bos- ants who are expanding investment trust (REIT) extraordinary. “We wanted ton Properties: “They or have leases expiring. Properties. something with a big state- are the best products Rents would start at The REIT is an experi- ment,” Powers says. and they ‘delight’ the about $110 per square foot enced developer that owns We designed core building customers.” for the lower floors and and has built office build- the building has just one support col- “They are not typical,” rise from there — not a ings from “ umn for the large, 50,000 Moinian adds proudly. shocking number for in San Francisco to numer- square-foot podium floors The “delighter” floors in the Big Apple, the entire brand-new Class A space. ous Boston projects and, from the that run from stories 3 to 7. have ceilings that are either building will be covered in Tenants will benefit from locally, 250 W. 55th St. “It’s very unusual to have 19.5 feet tall or a whopping the high-tech “vision” glass the special 20 percent Hud- Moinian, who built the outside in one for a trading- 29 feet high. The latter type that can be programmed to son Yards tax abatement Sky and Atelier residential sized floor,” says Moinian. will include terraces. change tints over the that will run for 20 years. towers a few blocks north, and from the These floors cantilever The delighter floors in- course of the day. This “It has to be one of the big- as well as other office over the and clude 6, 9, 28, 29, 45, 54 and glass is also designed to gest draws for Hudson buildings, has owned the inside out — have 16.5-foot ceilings with 55. “An interior architect limit the loads and en- Yards,” Moinian says. site for decades. But for 10.5-foot windows. could do something spe- ergy usage that plague such Sited opposite the low- years, the plot — bounded and for what As the building rises and cial,” Powers says about the towers and is critical to rise , tenants on its other side by Elev- sets back to smaller floors, interior-design possibili- meeting new city energy from the fifth floor up- enth Avenue and West 35th today’s users it allowed the creation of ties. For instance, stair- targets (see p. A26). wards will have views Street — was used for stag- seven unique floors cases could be built be- Preparing for construc- across its planted roof to ing by the MTA and Am- want.” dubbed “delighters.” These tween 28 and 29 and 54 and tion, Monopoli is currently the Hudson River. — John Powers, trak. executive vice president have breathtakingly high 55. negotiating orders for the The building also sits All that commotion of Boston Properties ceilings and in some cases, The “regular” floors will concrete, steel, across West 34th Street didn’t stop Moinian from terraces. have 14.5-foot-tall ceilings. and the glass curtain wall, from — planning his project. This Explains Richard Monop- “It makes it very effi- while Tishman Construc- coincidently a site once is the third iteration and all Oskar Brecher, who passed oli, senior vice president of cient,” Powers says. Unique tion has been hired as the owned in part by Boston the parties agree that the away in 2016. contractor. Properties — and is a block third time’s the charm. The tower’s 40-foot-tall Brokerage guru Peter Ri- from the Equinox hotel and Designed by FXCollabo- lobby will feature hospital- guardi, chairman of the tri- fitness facility. rative’s Dan Kaplan, it has ity-like food and beverage state region for JLL, is A ramp onto the curved Gensler as a consulting ar- experiences that range overseeing the leasing. northern end of the High chitect. from casual seating to ele- “The floor plates work well Line is down the block. As soon as the railroads gant bars. Escalators and a for tech, investment bank- The tower is surrounded packed up, foundation con- dramatic staircase will lead ing, finance and law firms,” by wide avenues, while the struction started. to a second-story sky lobby he says. Two anchor ten- large site to its north is for “It’s a very special build- and the main elevators. ants can have private en- a subway vent, allowing ing and a special location, “We designed the build- trances. great view corridors. and we’ve worked really ing from the outside in and Since the foundation at 3 “In my judgement, this is hard to design a building from the inside out — and Hudson Boulevard will the most attractive build- that justifies the quality of for what today’s users soon reach grade level, ing in Hudson Yards and the location because of the want,” says Powers. should an anchor tenant will have a real presence, park,” says Boston Proper- “We are fortunate to be ink a deal by the end of with the ceiling heights, ties’ exec John Powers. The on the park and we want to 2020, it would get its keys glass, light and air,” de- tower’s location is adjacent respect the park and cele- at the end of 2023. All em- clares Powers. “There’s to the new Hudson Boule- brate the park,” he adds of ployees could be moved in never been a podium built vard Park, a fountain-filled the building’s front “yard,” during 2024. like this in the city. ” oasis. That section of park where there is one of three The team is targeting and Quips Riguardi, “It could has a bench that is named entrances and covered ac- The new 3 Hudson Boulevard tower (on right) will rise adjacent in conversations with the be the cherry on top of the for Moinian’s executive, cess to the 7 train. to the park where Hudson Boulevard meets West 34th Street. “next” group of large ten- Hudson Yards.” A7 e Yr Ps, hrdy aur 6 00nypost.com Thursday, January 16, 2020 Post, York New

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investors worldwide still eye Ivor lp;Tishman Speyer; Related-Oxford

New York 202016, January Thursday, Post, nypost.com New York buildings to buy The roof By LOIS WEISS says Andrew Scandalios of decks at 477 JLL about the dramatic Madison Ave., XPENSIVE land, high price drop that has roiled seller expectations both owners and lenders. where four-year-long and a complicated “Values from 2015 across litigation held up a legislative environ- the board are down, but the sale to RFR for ment all led to the toughest sectors are retail, $258 million. Esales market taking a beat- hotel and residential and ing in 2019. retail condos,” adds Scan- There have been fewer dalios. buildings trading, observes Lower retail rents have Savills’ Woody Heller of hurt those who own the the lower totals. Volume is stores. “When rent goes down from 2015’s high of from $600 a foot to $400 a $59.9 billion to what is ex- foot, that is a diminution of New York is pected to total $35.6 billion value,” he says. for 2019. Since the residential con- “viewed as a “The rules of the game dominium market has been were changed for residen- oversupplied with luxury safe spot to tial, and that changes the product, that market is also values,” says Douglas Har- challenged, says Newmark invest with mon of Cushman & Wake- Knight Frank’s Dustin field, nodding to legislation Solly, who focuses on capi- both that changed laws for resi- talizations. dential development and Bob Knakal, also of JLL, appreciation rent-stabilized housing. notes some portions of the Future offices at former post office Morgan North, which Tishman Speyer finally bought last year. For buildings with all office sector are already and apartments under rent sta- benefitting from the resi- asking rents leaped from area, agrees: “This is Tishman Speyer took four bilization, the value may be dential rout. “Investors who liquidity.” $73.36 in 2018 to $80.43 in one of the most liquid mar- years. 477 Madison Ave. down 30 percent or more, have historically purchased — Douglas Harmon, 2019, CBRE found. kets (in the world).” was in litigation for four Cushman & Wakefield “But the cost to retain Because interest rates re- years until its sale to RFR and attract tenants has main low and the Ameri- for $258 million. multifamily [buildings] are doubled,” says Harmon. can economy is generally There is also a growing turning to small office For that reason, owners strong, there is confidence excitement in the market buildings,” Knakal explains. continue to invest millions in investing in American over upcoming offerings. But that added competi- of dollars into upgrades assets. Viacom hired Stacom to re- tion is one reason office from lobbies to roof decks Eric Michael Anton of view its entire portfolio buyers like Kevin R. Wang and amenity floors. Marcus & Millichap says and will likely sell the old of KRW Realty Advisors For instance, the next the US “is keeping the CBS office building, Black have a difficult time adding owner will upgrade Para- whole world out of reces- Rock, at 51 W. 52nd St. to their portfolios. “Pricing mount Group’s 36-story 900 sion.” While retail space owners is high, and it’s hard to find Third Ave.’s 598,000 square There is still “lots” of bemoan the reduced rents, good opportunities,” Wang feet that is being marketed money coming into New the rise of e-commerce is says. by Harmon, who says, “New York from US companies’ boosting industrial build- “Every asset class has York is viewed as a safe spot pension funds, plus a range ings that bridge the “last some headwinds,” adds to invest with both appreci- of private capital, says mile” from large ware- Harmon. ation and liquidity.” Darcy Stacom of CBRE. houses to the consumer’s While the average price It’s one reason Related, the She recalls many of 2019’s home. “The biggest bright per foot for Class A offices developer of WarnerMedia’s sales took years to com- spot is logistics,” says Scan- peaked in 2015 at $1,158 per offices at , plete. “There was a rare dalios, citing the official foot, 2019 did hit $1,069 per paid $2.2 billion through amount of complexity that name for the industrial foot — up from a mere Harmon to buy and lease went behind them,” she warehouse market. $1,000 per foot in 2018. them back to the media says. Nevertheless, warns Har- Office sales remain company for ongoing rent. For instance, the 99-year mon, “Every deal has to be WarnerMedia sold its offices at 30 Hudson Yards for $2.2 somewhat steady, however, Gregg Kraut of K Prop- lease of a portion of the priced right and have a billion to the building’s developer, Related, and leased them because office rents have erty Group, who owns Morgan North Post Office good story to get that right back. Its Edge observatory and Peak eatery open March 11. surged. The average office small office buildings in the facility at 341 Ninth Ave. to price.” A9 e Yr Ps, hrdy aur 6 00nypost.com Thursday, January 16, 2020 Post, York New

AT THE CENTER OF WHAT’S NEXT

With 3.6 billion square feet under management, 400 offices in 70 countries, 2018 revenues of $8.2 billion and 51,000 hardworking innovators, this is where the power of real estate is unleashed on behalf of the world’s top owners and occupiers. Explore what’s next at cushmanwakefi eld.com A10 2015 Commercial Real Estate For Two World Trade Center (second from left), Bjarke Ingels’ firm BIG proposed a It takes stack of stepped boxes. Tw o Larry Silverstein prepares to launch the long-awaited Two World Trade Center

New York 202016, January Thursday, Post, nypost.com stallation of contemporary wouldn’t say whether that murals painted on corru- was still the case when we gated metal sheds. spoke to him last week. Foster’s first design for But if he wants a ten- DBOX; EPA;Getty Images (2) the nearly 3 million-square- ant first, a new Foster foot tower was unveiled design might be just way back in 2006. In 2015, the thing to land ’s News one. Foster’s old vi- Steve Corporation and 21st Cen- sion might be too tury Fox signed a non-bind- stodgy for today’s 2003 Cuozzo ing agreement to be the market. BIG’s, Silverstein and project’s anchor tenants, meanwhile, may be then-Gov. George ET ready for Two but decided in early 2016 too esoteric. Pataki unveil an World Trade Cen- not to move there. Foster’s first iter- early WTC site ter, Version 3.0. Silverstein hit the pause ation was made for plan. Cozen O’Connor and most Larry Silver- button after that to concen- a pre-crash world — recently Kelley Drye & stein and archi- trate on leasing up the a handsome but con- Warren. Conde Nast an- tect Norman Fos- other towers. But now he’s ventional supertall chors the Port Authority Gter are working on major itching to hit the launch tower with massive trad- and ’s changes to Foster’s original button for Tower Two — ing floors intended for One World Trade. vision for the still-unbuilt although not without first banks in the base, crowned Although Silverstein, 88, , the developer filling the rest of Three with four ornamental dia- sounded like he meant tells The Post. World Trade Center. monds at the top. business about finally get- Foster’s old design was “The important thing now Ingels’ plan, first shown ting Two World Trade Cen- scrapped in 2015 for an is to lease up Tower Three,” in 2015, consisted of six ter up soon, he wouldn’t edgier one by Bjarke Ingels’ he says. “I don’t think it’s stepped boxes, each with a say when ground might be firm BIG when it appeared going to be long to start fo- landscaped roof , broken. that two media companies cusing on Tower Two.” that decreased in size as “Stay tuned and read the (including that Did that mean he wants they rose to a 1,340-foot- New York Post,” he owns The Post) would be- Tower Three to be fully high apex. laughed. come the anchor tenants in leased first? “Yes, it’s fair to Each of the “boxes” was the planned skyscraper. say that,” he says. meant for a particular But now that BIG’s quirky Silverstein is also vy- kind of use by News 2006 tower of stacked boxes has ing to build a rental Corp. or Fox. Ingels Silverstein taps no takers, the old Foster apartment tower at the described it as being Norman Foster design is being “signifi- World Trade Center’s “like a vertical vil- to design a The cantly modified to be more Site 5, south of Liberty lage of singular diamond-topped important reflective of contemporary Street, in partnership buildings . . . stacked tower with “ needs and taste,” Silver- with Brookfield. But, on top of each other, trading floors stein says. (No rendering is “What’s closest to my forming parks and for big banks. thing now is available yet as it’s still a heart is Tower Two,” he plazas in the sky.” work in progress.) adds. After Two World to lease up Although Silverstein built “With the level of Trade went on hold, the successful Three and lease-up activity at Tower Silverstein swiftly Tower Three Four World Center towers, Three, my hunch is it Larry leased up Four World and started construction of won’t be terribly long Silverstein has Trade, which opened in Hudson Yards have gone ... I don’t One World Trade before he before an announce- spearheaded the late 2013. Three World up in the past five years. turned it over to the Port ment comes up with Trade, which opened in Most started work with think it’s Authority, getting Tower respect to Tower rebuilding of the 2018, is 75 percent leased pre-signed tenant commit- Two out of the ground has Two,” he says. World Trade Center — and on track to be 80 ments. But companies have going to be been a challenge. “Sometime in 2020, [a complex, percent full as a few shown no resistance to Two’s site on the north- fully leased] Tower at a time. deals are completed in moving to the World Trade long to start east corner of the complex Three should be a fait ac- the next few months. Center. Silverstein’s towers remains the missing link in compli.” The go-slow at Two have drawn Spotify, focusing on its planned quartet of giant Silverstein hinted early World Trade has per- GroupM/WPP, Media office towers. The ground last year that he might start plexed industry observ- Math, Uber, IEX, Moody’s, Tower Two.” facing Church Street cur- Tower Two without first ers. Huge new office Wilmer Hale, Hudson — Larry Silverstein, rently has a low-rise art in- signing a tenant. He towers in Midtown and River Trading, McKinsey, developer of 2 WTC A11 e Yr Ps, hrdy aur 6 00nypost.com Thursday, January 16, 2020 Post, York New

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TENGRANDSTREET.COM DAN CONLON MORGHAN PANGRAZE MANAGING DIRECTOR ASSISTANT DIRECTOR 718-736-2965 [email protected] [email protected] A12Commercial Real Estate Mind the stores Streetwear and luxury brands join forces By LOIS WEISS thing — and then walk into as they see a synergy be- Gucci and do the same.” tween the customers.” treet meets chic While still with Crown Last year, Bape teamed as traditional lux- Retail Services, Paisner up with the German watch ury brands partner represented A Bathing Ape and pen maker Montblanc New York 202016, January Thursday, Post, nypost.com with streetwear — known as Bape — in its to put its camouflage pat- Getty Images (2) Images Getty designers, creat- deal to open at 650 Madi- tern onto a limited-edition ing cross-promo- son Ave. on East line of leather goods. Stions and co-locations to between Celine and Bal- Montblanc is also plan- cater to young customers. main. It will also be oppo- ning a move from 600 “It’s the same customer site the new Dior store that Madison Ave. to a larger that shops luxury,” says Ga- leased the former Cartier store at 635 Madison Ave. also creative di- briel Paisner of Odyssey space, as well as Apple’s at East 59th Street, oppo- rector of Louis Retail Advisors. “The reopened flagship cube on site Moncler and near Ba- Vuitton menswear, younger customer likes the . lenciaga. has his finger on exclusivity. They will walk Bape, Paisner says, is “a Balenciaga, Paisner the pulse of what the There is a ... into [Japanese streetwear destination, and they still notes, has also taken a shift downtown kids want. correlation brand] Bape and buy some- want to remain connected towards streetwear, be- Abloh, who became “ friends with Kanye West during their internship at between coming global luxury Fendi, has collaborated group Kering’s fastest- with brands from Jimmy luxury growing brand. Choo and Burton to Kith Its clunky $995 Triple S and Sunglass Hut. Off- shoppers and sneakers have become White has more than 9.4 ubiquitous among the fash- million followers on Insta- streetwear ... ion set. “People also want gram. to look stylish but be com- “It’s what people in the the big fortable — and not always music industry are wear- wear a three-piece suit,” ing,” adds Paisner, “and houses ... are says Paisner. “If you want younger shoppers are re- to appeal to some of these ally plugged into what is trying to Advocate. brands, you have to speak going on in social media.” the language of the Off-White is now part of become younger demographic, and the New Guards Group. relevant to a Supporter. it’s become a drive towards Last year, New Guards the more casual side of Group was sold to luxury how people dress.” shopping platform Farfetch new Convener. In another successful for $675 million. The sale, generation.” partnership, Off-White, led by Marcelo Burdon and — Amish Tolia, whose Soho flagship is lo- partners, will leverage dis- Co-CEO of Leap cated at 51 Mercer St., part- tribution, technology and nered with Nike to release data for the companies un- Marcelo Burlon County of Nike Air Prestos. These co- der its umbrella. Milan plus other luxury branded sneakers sold out Farfetch now includes streetwear brands Palm within hours for around Angels, Heron Preston, Un- $200 a pair and are now re- Off-White and ravel Project, Alanui and selling for four times that Nike teamed up Kirin Peggy Gou. amount. to make these While these labels are Such mar- $200 sneakers sold primarily in boutiques keting that sold out and department stores, moves within hours. don’t be surprised to see drive publicity stand-alone stores in their and elevate futures. the product Luxury fashion house among celeb- Montcler’s website ex- rities and plains the si- club kids, dling up to 124 Years Serving the Real Estate Industry in New York City says Paisner. streetwear And Off- as it notes, Visit us at rebny.com White “The founder Vir- global per- gil Abloh, sonal luxury Commercial Real Estate A13 THANK YOU nypost.com Thursday, January 16, 2020 Post, York New

We are grateful to the New York brokerage community for your support in helping us lease over 1,000,000 SF in 2019.

Douglas Durst Jonathan Durst Kevin C. Downs for the New York Post

AV ISON YOUNG GLEN EQUITIES LTD. MHP REAL Josh Goldman Alan Schwartz ESTATE SERVICES Balenciaga Fernando Murillo (above and inset) is BENCHMARK HAWKINS WEBB REAL ESTATE GROUP Philip Hertling NEWMARK one of several luxury Brian Dooley KNIGHT FRANK brands expanding into HUDSON REAL David Berke the lucrative CBRE ESTATE PARTNERS Robert Emden Paul Amrich Alexander Schwartz David Emden streetwear Joseph Cabrera David Falk Neil Goldmacher Brendan Cavender IMMOBILIA ADVISORS arena. Jason Greenstein Georgina Cook Ewa Bindek Michael Ippolito Alice Fair Ana Garcia Jeffrey Fischer Daniel Katcher David Glassman Brian Lee Japanese streetwear brand Bape attracts lines at its 91 Greene St. store and is expanding to ISA REALTY GROUP Scott Gottlieb Chris Mongeluzo Louis Franco Midtown. Cashmere company Naadam (below) is one of many boutiques on . Adele Huang Brad Needleman Joseph Isa Neil King Jonathan Ortiz signs and marketing cam- Tim Kuhn Peter Shimkin paigns,” says Amish Tolia, Christopher Mansfield JONES LANG LASALLE Brett Stein John Nugent Bobby Blair Hal Stein co-founder and co-CEO of Michael Wellen Robert Gibson Moshe Sukenik Leap, a retail-as-a-service Sacha Zarba Blake Goodman Travis Wilson provider that helps digital Justin Haber brands grow. “This is why CRESA Martin Horner NORMAN BOBROW Matt Ogle Josh Berger you are seeing the street- Gregg Cohen Barry Lewen Kyle Riker wear [store moves] hap- Steven Robinson SAVILLS Steven Rotter pening.” C.S. ENGEL + Stephen Berliner ASSOCIATES, LLC Christopher Foerch Some Leap-sponsored KAUFMAN Carol Engel Zev Holzman stores are clustered along ORGANIZATION Oliver Petrovic Jared Sternberg Brian Scharfman the stretch of Bleecker COLLIERS INTERNATIONAL Elliot Warren Erik Schmall Street in the Aidan Campbell Greg Taubin Zachary Cilman that Ralph Lauren pounced KIAN REALTY Scott Weiss Eric Ferriello on — first with RL — be- Jacqueline Thong Michael Thomas fore other luxury brands WINICK Steven Baker followed. As area retail CUSHMAN & LEE & ASSOCIATES Naadam; Nike Kenneth Hochhauser WAKEFIELD, INC. Peter Braus rents fell, Leap long-term Richard Kave leased several shops and Adam Ardise Lou D’Avanzo Brad Schwarz VERUS REAL ESTATE rotates brands in and out of Peter Berti JP Sutro Bokk them after a year or two. Drew Braver Current stores include: Barry Garfinkle VICUS PARTNERS Gary Greenspan Waite Buckley Goodlife’s casual wear at GGordonordon HHoughough goods market is expected items while traveling and 400 Bleecker; Thakoon’s David Mainthow to head towards younger in airports. sleek wardrobe staples at Nick Masi Fernando Murillo generations.” A remarkable It’s one reason Mont- 397 Bleecker; Naadam’s Andrew Ross 85 percent of growth will blanc has a store at JFK, cashmere at 392 Bleecker; Robert Tanzmann be fueled by the next gen- where various terminals Ledbury’s menswear at 355 Mark Zaziski erations with quality and host Coach, Burberry and Bleecker and Public Rec’s Barry Zeller uniqueness as the most im- Michael Kors shops. athleisure at 330 Bleecker. portant factors in driving The luxury streetwear Leap provides both a sin- millennial customers to boom is fueled by social gle branded store and the luxury products. media and “influencers,” staffing for online compa- Moncler, known for its adds Paisner. nies that show by sales and pricey puffy outerwear, “A lot of the customers social media engagement now has collections that aren’t kids who grew up they are ready to make the showcase streetwear sta- privileged and they will “leap” to brick and mortar. ples like track suits and save for a long time to buy Andrew Codispoti — the backpacks. Its Genius col- one statement piece,” says co-founder of Goodlife, lection, for example, in- Paisner. “They know what which sells in Nordstrom cludes $365 T-shirts. they want ahead of time and has co-branded with As baby boomers buy and save up to buy it.” brands including helicop- less luxury, these younger “There is a high correla- ter company Blade and the customers are the ones tion between luxury shop- Surf Lodge in Montauk — brands want to hook. But pers and streetwear. Sev- says Leap made it quick you have to be in front of eral of the big houses out and easy to open a store. them where they roam. there are trying to become But Leap also negotiates Millennials alone are esti- relevant to a new genera- a cut of all sales, Tolia says, mated to buy more than 50 tion, but have to do it including those completed percent of their luxury through more relevant de- online. A14

A Bigger Apple THANK YOU

COMMERCIAL • RESIDENTIAL • RETAIL • FINANCE FOR FURTHERING OUR GROWTH New York 202016, January Thursday, Post, nypost.com

Thanks to our colleagues and friends in the brokerage community for helping us sign 192 leases totaling over 2.7 million square feet in 2019.

212.594.2700 | slgreen.com

NEW YORK CITY’S LARGEST OWNER OF COMMERCIAL REAL ESTATE A15 e Yr Ps, hrdy aur 6 00nypost.com Thursday, January 16, 2020 Post, York New A Bigger Apple THANK YOU

COMMERCIAL • RESIDENTIAL • RETAIL • FINANCE FOR FURTHERING OUR GROWTH

Thanks to our colleagues and friends in the brokerage community for helping us sign 192 leases totaling over 2.7 million square feet in 2019.

212.594.2700 | slgreen.com

NEW YORK CITY’S LARGEST OWNER OF COMMERCIAL REAL ESTATE A16Commercial Real Estate CONFIDENCE BUILDING The real estate industry celebrates itself and the city during its 124th gala New York 202016, January Thursday, Post, nypost.com Annie Wermiel/NY Post (4)

The REBNY dinner at the Hilton is an annual celebration that offers its 2,000 guests a chance to applaud distinguished individuals and mingle with Bernard Warren and Diane Ramirez (above) celebrated their awards at government officials who craft local regulations. the 2019 dinner, where Helena Durst (right) was also honored. hope they get slipped an entry New REBNY President James first deputy mayor, chairman of card to the main event. Whelan will try to quiet the yakking the City Planning Commission By lois weiss At 6:30 p.m., the anteroom of the crowd during the 30-minute awards and chairman of Brookfield Asset Hilton’s ballroom becomes the ceremony and the screening of a Management. hen the Real Estate “REBNY Lounge” for cocktails short educational video about the Another posthumous honor will Board of New York and pre-dinner networking. So- importance of the 2020 census. go to the late Héctor Figueroa, talks, local bigwigs cial-media sharing is encouraged The John E. Zuccotti Public Ser- former president of Local 32BJ of and politicians listen. under the hashtag #Rebny124. vice Award, which recognizes a the Service Employees Interna- The city’s oldest Down the hall, a VIP cocktail party New Yorker who has displayed tional Union, who will receive the Wand most influential real estate brings together the dais guests and exceptional accomplishments and Kenneth R. Gerrety Humanitarian trade association represents a includes REBNY’s board of gover- public service, will be posthu- Award. who’s who of owners, building nors, the evening’s honorees and mously awarded to the late Jay The Young Men’s/Women’s investors, real estate executives government officials. Kriegel, who was the senior ad- Real Estate Association of New and service professionals. In ad- Recently, the governor and visor for . York has selected Robin Fisher, a dition, members include residen- mayor have held court on opposite The award is named for the late senior managing director at New- tial and commercial brokers and ends of the reception, while the Zuccotti, a former chairman of mark Knight Frank, to receive its managers, financial companies, City Council Speaker, members REBNY who Young Real Estate Professional of title companies, lawyers, ac- and staff of the City Council, state served as the Year Award, which recognizes countants, architects, bankers, senators and assembly representa- strong integrity, professionalism, utilities and even media compa- the residential, retail and com- tives, along with members of the and personal ethics. nies like the New York Post. mercial sectors. House of Representatives and Sen- Other honorees include: David Members are intimately in- Informally known as the Liar’s ate, mingle with industry insiders. Bill R. Greenbaum, a vice chairman of volved in crucial city matters, in- Ball, the organization’s 124th an- For the third time, REBNY Rudin Vornado Realty Trust; Jodi Pul- cluding the formulation of tax nual banquet Thursday will only Chairman William “Bill” Rudin ice, founder and CEO of JRT Re- policy, city planning and , accomodate about 2,000 of will preside over the raucous alty Group; Kevin R. Wang, land use policy, landmarking, the REBNY’s 17,000 members at the event. Much like season tick- owner of KRW Realty Advisors; preservation of affordable hous- ballroom of the Hilton Hotel & ets, every company sits in the and Henry M. Celestino, vice ing and other structures, rental Towers on . same location as the previous chairman of L&L Holding. and conversion regulations and While younger and newer year, with longtime city-based Over the years, those on the dais conditions, building codes and members and wannabes may not family developers hosting tables have resorted to cymbals, mega- lots of other legislation that be able to afford a $1,400 ticket, in the front of the room. phones and other devices to quiet shapes the city. they are still integral to the even- At Thursday’s dinner, REBNY the crowd during the ceremony. Members work with city resi- ing. Black tie parties pop up at ve- will also honor individuals who Former REBNY President Steve dents of all incomes, as well as nues in and around the Hilton, have demonstrated commitments Spinola was often teased for his 30 individuals all over the globe who and members can be seen roam- to the city and the industry. But years of “shussshing.” A newly may want to live, invest or buy in ing the hallways, hoping to rub most guests spend more time min- elected governor once walked out New York. In addition, it pub- shoulders with influential mem- gling than chowing down at their in a huff after his attempt at a long- lishes several reports providing bers, exchange business cards own tables and rarely pay atten- winded speech was ignored. Things indicators of market pricing in that may lead to future deals, and tion to what goes on at the dais. won’t be any different tonight. A17 e Yr Ps, hrdy aur 6 00nypost.com Thursday, January 16, 2020 Post, York New TISHMAN SPEYER IS PROUD TO SUPPORT REBNY A18 By LOIS WEISS WINNERS TAKE ALL Meet the 7 real estate professionals who will be honored at Thursday night’s REBNY gala

The Kenneth R. Gerrety Humanitarian Award Héctor Figueroa, Former President of the 32BJ Service Employees International Union Figueroa served as union president for seven years until his untimely death at the age of 57 in July 2019. New York 202016, January Thursday, Post, nypost.com The Harry B. Helmsley During his tenure at 32BJ, Figueroa built Distinguished New Yorker Award and led the research and political depart- David R. Greenbaum, ments, and later served as leader for the tri- Vice Chairman of Vornado Realty Trust state and New York metro areas. A tireless This is Greenbaum’s 39th REBNY dinner — fighter for immigrant and worker rights, Fi- initially becoming involved while a tax attor- gueroa established the American Dream Fund, the union’s voluntary ney at Weil Gotshal & Manges. At that time, political action fund. As director of the 32BJ New York metro district, Fi- Bernard H. Mendik Lifetime he was invited to speak to a luncheon by the gueroa led operations and negotiated strong contracts for 70,000 Achievement Award late Bernard “Bernie” Mendik, who he calls “a members in the New York area, which includes those working in both Jodi Pulice, Founder & CEO of true champion for our industry.” commercial and residential buildings. JRT Realty Group Joining the Mendik Company in 1982, he be- Born in Puerto Rico, he moved to the Bronx and received a degree in “What is greater than that being came its president in 1990. In 1997, the Mendik economics from New York University before joining the Amalgamated recognized by your peers?” says Pulice, Company merged into a new real estate in- Clothing and Textile Workers Union as a researcher. In 1995, he began a leasing professional for three dec- vestment trust, Vornado Realty Trust, where working with SEIU’s Justice for Janitors campaign, followed by work in ades who founded JRT Realty Group Greenbaum is now a vice chairman. Puerto Rico as SEIU Director for the island. In February 1999, he was 24 years ago. “I think the world is He is a member of REBNY’s Executive Com- asked to serve as deputy trustee for 32BJ and was elected as its Secre- changing; I hope for women and mi- mittee of the Board of Governors as well as its tary-Treasurer in 2000. He was elected president in 2012. Championing norities it’s changing for the better.” Economic Development and Tax Policy com- racial, social and economic justice, the union and its 175,000 members Her strategic alliance with Cushman mittees. In honor of his accomplishments, have been at the forefront of national campaigns to defend and expand & Wakefield allows Pulice to be at the Greenbaum received REBNY’s 2010 Bernard H. voting rights and to fight the causes and effects of climate change. forefront of that change. She is re- Mendik Lifetime Achievement Award. sponsible for a leasing and manage- At Vornado, Greenbaum oversees all aspects ment portfolio of 13 million square of the NYC portfolio encompassing over 80 Young Real Estate feet on behalf of TIAA (Teachers In- buildings with 30 million square feet plus Professional of the Year Award surance and Annuity Association of and San Francisco projects. Robin Fisher, Senior Managing America). She has also racked up leas- In New York, Greenbaum is spearheading Director at Newmark Knight Frank ing and sales transactions totaling the Penn Station district redevelopment of the and founder of Blace over $3 billion, including the sale of former Farley Post Office into offices for tech “New York City is a very complicated place the Building and represent- companies, plus new retail and entrances for to do business,” says Fisher. “Everyone here ing the FDIC’s national field offices at the in the building’s base, lives to work, as opposed to work to live.” 92 locations. Pulice was previously as well as the redevelopment of towers that Fisher joined Newmark Knight Frank in honored as one of the Association of surround . 2004. Along with office tenant representa- Real Estate Women’s Top 50 Women Greenbaum is active in the 34th Street Part- tion, she advises retailers and corporate in Real Estate. nership, the Grand Central Partnership and portfolio operators on asset optimization Along with New York, she has an of- the Times Square Alliance. He is a member of and site selection. As a tenant broker, she fice in California and would like to see New York University’s Schack Institute of Real says, “You have a big impact on the work and lives of your clients.” its law requiring women on boards Estate Advisory Board, while the New York Her outstanding work at NKF led to her receiving REBNY’s Most come to the Big Apple. “We’ve always City Partnership selected him to participate in Promising Commercial Salesperson of the Year Award in 2008. “The first been breaking through the glass ceil- the David Rockefeller Fellows Program. three to five years are a game of survival,” she advises those interested ing, and now we need to be on A first-generation American whose parents in the profession. “But if you survive, the benefit of being a real estate boards,” she says. escaped Germany in 1939, he and his wife sup- professional is unique, and, money aside, it’s very fulfilling.” Pulice sits on REBNY’s new Diversity port the Center for Jewish Life at his alma ma- Recognizing that finding sites to hold events was difficult, Fisher re- Committee as well as the Leasing ter, the University of Rochester, and are fund- cently founded Blace, an online platform where high-end corporations Brokers Committee. “Chairman Bill ing an AgriFood Tech campus in through and entertaining firms can book spaces and manage events. Rudin has done an unbelievable job so the Jewish National Fund, where he serves on From the beginning of her career, Fisher has been very active in the women and minorities have a fair the board. He sits on the boards of the Light- Young Men’s/Women’s Real Estate Association (YM/WREA) which shot at the table,” she says. house Guild and the Jeffrey Modell Foundation. chose her for this award. The organization hosts monthly luncheons, a She also serves on the boards of For any young person entering the field of kayaking excursion and numerous charitable events, from building three non-profits: the Long Island real estate, Greenbaum says to “work hard, homes with Habitat for Humanity to feeding the homeless around YMCA, the UNFCU Foundation for work harder.” Thanksgiving. Fisher notes these events are great opportunities to meet Women and the Jeffrey Modell Foun- “It is also critical to be part of organizations others in the business: “I got to know senior brokers and later ended up dation. “I know how to make money like REBNY to meet as many people as you doing deals with them.” and I am trying to give back,” she says. can in the industry and to find mentors,” The secretary of YM/WREA in 2009, Fisher served on YM/WREA’s As for newcomers, she advises: Greenbaum adds. REBNY effectively promotes 2010 Board of Governors as vice chairman. That same year she received “Never take ‘no’ for an answer be- the city’s economy and “emphasizes the im- NKF’s Rising Star Award and is a member of NKF’s Young Leadership cause if you don’t ask, you never are portance of investing in infrastructure to im- Council. She was also involved in merging the Association of Real Estate going to get — and every ‘no’ has to prove the quality of life for all New Yorkers.” Women (AREW) with Commercial Real Estate Women (CREW) New mean ‘yes’ in your mind.” York. “As women, we are most powerful together,” she says. Commercial Real Estate A19 e Yr Ps, hrdy aur 6 00nypost.com Thursday, January 16, 2020 Post, York New

The George M. Brooker The Louis Smadbeck Management Executive of The John E. Zuccotti Memorial Broker the Year Award Public Service Award Recognition Award Henry M. Celestino, Jay Kriegel Kevin R. Wang, Vice Chairman of L&L With his signature KRW Realty Advisors Holding Company white scarf — and, in his The real estate business re- From nuclear power plant later years, a matching mains all about people. “It is sites to offshore oil rigs to mane — the late Jay still about relationships,” wastewater treatment Kriegel was a classic po- Kevin Wang explains. “It still plants, Hank Celestino has litical operative. Cutting takes human interaction to seen it all. a dapper figure across do leases, loans, sales and Now, as Vice Chairman at the aisles for over five building.” L&L Holding, he is responsible for overseeing the day-to- decades, he shaped New Over his 40-year career, Wang has experienced all day construction, engineering, building operations and York City’s public policy — and its skyline. sides of the industry, from brokerage to management to management throughout the company’s nearly 10 mil- Prior to his passing in December, Kriegel was the repositioning of assets including 501 Madison Ave. lion-square-foot portfolio. thrilled that he would receive this award for his ex- He is currently working on the development of The He has also played an integral role in the redevelop- ceptional accomplishments and public service. Hive, a two-building 140,000-square-foot office and re- ment and commissioning of such landmark L&L projects He was most recently a senior advisor at Related tail project along Eighth Avenue near Times Square. “It’s as 200 Fifth Ave., , 390 Madison Ave. and Companies focused on business strategy and a great contribution to the area and one of the last pie- 425 Park Ave. He has also guided the engineering, plan- project development, including the spearheading of ces to be renovated,” he says. ning and installation process for several large mechani- the Hudson Yards project. Wang joined Cross & Brown right after graduating cal and architectural capital infrastructure projects. At 25, Kriegel was a Harvard Law student when he from Cornell University. His boss and mentor, Richard A Fairleigh Dickinson University grad with a degree in was tapped to work with on the Vot- “Dick” Seeler, was the first recipient of the same Louis civil engineering, he worked at Burns & Roe Engineering ing Rights Act, Lindsay’s successful mayoral cam- Smadbeck Award that Wang is receiving. Seeler was on a nuclear reactor and evaluated offshore drilling rigs, paign and within his administration. REBNY’s chairman and brought Wang in as a member. wastewater plants and oil refineries. Kriegel left his mark across industries. He worked Wang now sits on the REBNY Board of Governors, is In New York, at Schulman Realty Group, Celestino fo- for Loews Corp., founded American Lawyer maga- the Chairman of the General Meetings Committee and a cused on the ground-up construction of commercial zine and lobbied Congress to require cable compa- member of the REBNY Arbitration Committee. He buildings. He joined the Building Owner and Manager’s nies be paid by broadcasters and ensured city and served as REBNY’s Co-Chairman of the International Association (BOMA) and serves on BOMA committees. state residents could still get tax deductions. Seminar Committee from 1990-1995. Wang was the YM/ He transitioned to Newmark Real Estate, eventually He helped shape the New York City’s bid for the WREA chairman and received both its Young Man and overseeing its 25 million-square-foot third-party institu- 2012 Olympics. He later worked on Barclays Center, Senior Man of the Year awards. He also teaches at the tional portfolio. As his career moved to the owner/devel- the extension of the No. 7 subway line to Hudson NYU Schack Institute of Real Estate. Wang joined the oper side of the business, he found REBNY membership Yards and Citi Field, the Mets’ home base. Mendik Company in 1985 and moved REBNY’s offices to invaluable. “The organization and its members are simi- “We will miss his wit, humor and tireless dedica- its current 570 Lexington headquarters. “We did a lot of larly focused on the local rules, codes and guidelines that tion,” REBNY Chairman Bill Rudin says. renovation at Mendik, so I cut my chops on that,” Wang affect property development and operations,” he says. says. “These are still skills I use today.”

Rudin Management Company thanks the following tenants and brokers for making 2019 another successful year.

Balade Yo ur Way Dorilton Capital Flag Telecom LRG Energy LLC Perkins Coie LLP Systra Consulting, Inc Winick: Daniyel Cohen Management Savills: Evan Margolin Avison Young: Corey Dicker CBRE, Inc.: Michael Wellen, Savills: Lance Leighton, & Aaron Fishbein Byrnam Wood: Gordon Ogen & Joseph Gervino David Kleinhandler Evan Margolin Government of Ireland & Cara Chayet & Charles Goldman Bergen Cove Realty Inc. Downtown Holding LLC Houlihan-Parns Realtor Mitchell & Titus CBRE, Inc: Bruce Surry c/o GHP Office Realty: JLL: Shawna Menifee Pure Ktchn The Jockey Club Bluefin Holdings II & Eric Sears James J. Houlihan & Eliza Akers Kassin Sabbagh Realty: Newmark Knight Frank: The Small Door Marc Sitt Erik S. Harris Edna McConnell Clark Granite Capital MTS Hospitality Lee & Associates: Greg Tannor Foundation Murro Realty: Henry Rossignol Reform Alliance & Zachary Diamond Brill & Meisel Savills: Ira Schuman Humana at Home, Inc. Park Avenue Interior Partners: National Football League Choice Logistics Cushman & Wakefield: Michael Hennessy Film Institute Cushman & Wakefield: Arlington Group: Rick Heilman Elefterakis, Elefterakis Andrew Ross & Panek Lou D’Avanzo Rogoff & Company Unibet Interactive Inc. Curtis+Ginsberg Israel Policy Forum & Franklin Speyer Cushman & Wakefield: Thomas Cordasco Schpoont & Cavallo Architects LLP Michael Baraldi Company, Inc.: J Strategies, Inc NCS Pearson, Inc. Park Avenue International Wharton Property Advisors, & Lexie Perticone Thomas Cordasco Colliers International: Cresa: Mike McKenna Partners: Michael Hennessy Inc.: Ruth Colp Ember Infrastructure Howard Kaplowitz Villeroy & Boch USA Inc. & David Alperstein & John Brasier Nordstrom Smartstream Colliers International: Management Crown Retail Services LLC: Douglas Elliman Commercial: Custom Protective Services Christel Engel January Digital Stephen Stephanou James Gross Newmark Knight Frank: Essex Management Savills: Stephan A. Steiner & Thibauld Veil Wafra, Inc. Andrew Sachs & Bill Levitsky Company Solstice Residential Group & Ira Schuman CBRE, Inc.: Clyde Reetz Northstar Capital Funds Avison Young: Jamie Covello Davis & Gilbert LLP Fit4D, Inc. Cushman & Wakefield: La Prairie, Inc. & Albert Wu WWRD US, LLC CBRE, Inc.: Lewis Miller, Savills: John Mambrino, OGS Brian Gell, Scott Gottlieb Yarden Drimmer CBRE, Inc.: Bruce Surry Squash and Education & Conor Golden Nick Farmakis & & Michael Wellen Michael Bertini & Steve Siegel Alliance Savills: Peter Cipriano Dill & Parsley Fit Small Business Partnership for Lenox Corporation Kassin Sabbagh Realty: MHP Real Estate Services LLC: New Yo rk City Stikeman Elliott (NY) LLP Albert Manopla Randy Sherman & Eric Lassoff Libbey Glass Newmark Knight Frank: Cushman & Wakefield: Hal Stein & Todd Stracci Jeffrey C. Heller

rudin.com A20Commercial Real Estate

tion rodeo, having spent $130 million sprucing up 1155 Sixth Ave. and $150 mil- lion on 151 W. 42nd St. — formerly . “825 Third will be our flagship building and have Durst is our flagship amenities,” THREE’s sinking $110 says Tom Bow, executive vice president at Durst. million into a Gensler is designing, tar- complete renovation geting a LEED Gold desig- of 825 Third Ave. nation, while Design Re- at . public will be tasked with the amenities. Its marble lobby will be updated with wood and COMPANY metal details. New eleva- is hopping with new offices tors and bathrooms are By LOIS WEISS also in the works. While amenities will be HIRD Avenue will added to the lobby, a new be topping the list staircase could lead to a for the most office second floor with more, New York 202016, January Thursday, Post, nypost.com building make- depending on the future A+I Architectur; Stefano Giovannini overs. Hospitality- tenant of the podium, minded owners are which goes to the 11th floor. Tplanning major revamps The 12th-floor has a huge for several towers between terrace. “View” glass will East 42nd and 57th streets, be used on the 12th through with A-plus amenities tar- 40th floors. geting modern tenants. A private lobby could Several office buildings also be created, says Ash- have changed ownership or ley Aaron, senior managing are in the midst of sales, director at Durst, who is while others are simply working on the leasing and getting a huge influx of redevelopment project. capital from long-term After a $40 million redo, 780 Third Ave. (above) — to be called Podium asking rents are owners — with two plan- The Gardens — will have ample greenery and amenities. $78 per foot, while tower ning to spend at least $100 floors start at $84 per foot

million on upgrades. the Plaza District.” tal staircase from the lobby March; Imogen Brown and bump to nearly $100 at Marx Realty has already Nuveen, the asset man- to an amenity-filled second the top, where a double- transformed 708 Third into agement arm of the Teach- floor. height floor could be made. 10 Grand Central and ask- ers Insurance and Annuity Nuveen is also creating Outside will be all new ing rents now run from the Association (TIAA), is what its leasing agent, Paul storefronts and the sur- $80s to $125 per foot. planning makeovers for Amrich of CBRE, describes rounding plaza will be ren- While rents will rise in both 730 and 780 Third. as “a massive rooftop ter- ovated. return, tenants get the “We are bullish on the race.” It already has a 400- With sustainability and most modern infrastruc- ,” says Nadir Set- person auditorium and “green” construction in the ture, news windows and tles of Nuveen. conference center. ture yoga classes, plus an Dursts’ DNA, nearly every- extra amenities. The city The 665,000-square-foot Nuveen’s 780 Third Ave., on-site doctor’s suite with thing is being recycled. also gets more tax revenue 730 Third sits between East between East 48th and 49th visiting hours so workers Notes Michael Cohen of from the higher incomes. 45th and 46th streets. Here, streets, known for its red can drop in at the first sign Colliers, “A location like Recent leases at 711 Third Nuveen will spend “north” granite facade and unique Investors are of a sniffle. Third Avenue could be- Ave., owned by SL Green, of $100 million as it repla- crisscross design, will be looking at Echoing its new name, come the include Strategic Family, ces all the windows with getting a $40 million influx “ The Gardens’ trees and of the 21st century.” the Center on Addiction & ”view” glass (which adjusts of capital and a new name: plantings will dot an out- Substance Abuse and Gold- to light automatically) and The Gardens. Third as a door plaza with new berg Segalla. adds a dramatic ornamen- “Here, you don’t have to benches and that “Third Avenue has a lot think about doing the right value mimic a residential project. of promise,” observes thing, you just do it,” says “Hospitality has merged Transwestern’s Lindsay Settles of the company’s proposition with office,” says Amrich. Ornstein. investments in amenities, “The experience is so Early last year, 850 sustainable designs and ... It is unique, as it is blending Third was purchased other features. These greenery that will merge by Jacob Chetrit and will include greeters cheaper than into the lobby.” his sons for $422 with electronic Also getting in on the million — and they check-in clipboards anything in renovation competition is are buying 220 E. rather than a tradi- the Durst Organization, 42nd St. near Third tional concierge desk. the Plaza which developed and owns for $815 million “It’s all about the ten- several Third Avenue of- through Douglas ants of tomorrow and District.” fice buildings. — Eric Cagner, Harmon of Cushman competing for their Newmark Knight Frank Its prime focus now is & Wakefield. business. This is the of- plowing over $110 million He is also marketing fice of the future,” he into the entirely vacant 825 900 Third Ave. at pric- says. rant and become a neigh- Third on the eastern block- ing of nearly $600 million. Architecture firm A+I is borhood amenity. “Employ- front between East 50th “Investors are looking at overseeing design changes, ees can come for lunch and and 51st streets after a 25- Third as a value proposi- which include a lounge sit and work,” adds Settles. year net lease expired. tion,” says Eric Cagner of 900 Third Ave. is expected to with food. Upstairs, a gym is being It will be left vacant while SL Green’s 711 Third Ave. Newmark Knight Frank. “It trade for about $60 million Nuveen will also build, transformed into a “well- work is underway. This recently signed on several is cheaper than anything in via Cushman & Wakefield. own and operate a restau- ness facility” that will fea- isn’t Durst’s first renova- new tenants. A21

Cantor Fitzgerald Walmart nypost.com Thursday, January 16, 2020 Post, York New Behind Every 110 East 59th Street 250 Hudson Street Represented by: Represented by: Jared L. Horowitz, Neil J. Goldmacher & Jason Perla Michael Thomas & Sam Einhorn, Colliers International Successful Newmark Knight Frank Frank Recruitment Group iMentor 199 Water Street Building Owner 199 Water Street Represented by: Represented by: Seth Hecht, JLL Lindsay Ornstein & Rory Murphy, Transwestern is a Host of TMRW Life Sciences The Weisscomm Group 250 Hudson Street 199 Water Street Represented by: Incredibly Talented Represented by: Alexander Erdos & Joseph DeRosa, CBRE Michael Gottlieb & Martin Cottingham, Avison Young Target Daniel J. Edelman 255 Brokers and 250 Hudson Street Represented by: Mind Body Project Mary Ann Tighe, Ken Meyerson & Todd Lippman, CBRE 170 West Steadfast Tenants. Represented by: American Friends of the Hebrew University Michael Azarian, Cushman & Wakefield 199 Water Street Represented by: Staples Lindsay Ornstein, Lauren Davidson & 1755 Broadway Samantha Schrenker, Transwestern NYCHSRO Med Review Jack Resnick & Sons Guardian Life Insurance Company of America 199 Water Street 199 Water Street Represented by: thanks the following Represented by: Mark Ravesloot & William Iacovelli, CBRE Firms and the Brokers Joseph Harkins, Cushman & Wakefield International Institute For Learning DH Acupuncture 485 133 East 58th Street Represented by: who represented them, Represented by: Stuart Romanoff, Amy Fox & Michael Baraldi as well as our existing Evan John, GPMG Cushman & Wakefield Willow Management of NYC Trident Brokerage Services Tenants that renewed 133 East 58th Street 199 Water Street Represented by: East One Coffee Roasters Edward Mombello & Charlie Stephens their commitment to 170 West 23rd Street Cushman & Wakefield Represented by: New York City in 2019. Joseph Robinson, Newmark Knight Frank American Foundation for Suicide Prevention 199 Water Street General and Laparoscopic Surgeons Represented by: 133 East 58th Street Erik Schmall, Scott Weiss & Peter Cipriano, Savills Represented by: Joshua Najjar, Manhattan Realty Offices 200 Chambers Street Garage 200 Chambers Street Ira M. Resnick 133 East 58th Street AppleBerry Parts 205 West 57th Street Stuart Springer, MD 133 East 58th Street Medeast Represented by: 255 Greenwich Street Michael E. Gochman, Gochman Group WeWork Vault Health 255 Greenwich Street 133 East 58th Street Hudson Street Dental Associates Empire Physical Therapy & Athletic 315 Hudson Street Rehabilitation Represented by: 212.421.1300 | resnick.nyc 133 East 58th Street Corey Hight & Elliot Zelinger, Savitt Partners Attentive Home Care Agency Evercore Partners 133 East 58th Street 485 Madison Avenue Represented by: Represented by: Eric Rohe, Halstead Robin Fisher, Blace Steven Myers, DDS WeWork 133 East 58th Street 199 Water Street Alexandra Hara, DMD 199 Water Street Garage 133 East 58th Street 199 Water Street Brown Meadow Quero Handmade Shoes 159-161 East 126th Street 485 Madison Avenue Represented by: Pet Central Arthur Maglio, Douglas Elliman 170 West 23rd Street Represented by: Fisher Harris Shapiro TJ Russo, Orsid Realty 880 Third Avenue A22Commercial Real Estate Good chemistry Developers are outfitting top-quality laboratory space

for researchers citywide Silverstein Properties; Janus (2); Neoscape New York 202016, January Thursday, Post, nypost.com

The Hudson Research Center Last month, King Street Properties and the Gural family’s (above) in Midtown West and the GFP Real Estate broke ground on Innolabs in Long Island balconied Taystee Lab Building City, which will contain more than 250,000 square feet of (left and inset) in are two life-sciences labs and other facilities (above). of the city’s rising centers for scientific research. By lois weiss two buildings and will soon add a third at its cam- it y encouragement, pus between and Uptown, Harlem is home to alongside a booming the FDR Drive at East 29th Street. CUNY’s Advanced Science Re- market, have made life The Alexandria Center’s Launch- search Center, City College’s Cen- science leases hotter Labs provides move-in-ready of- ter for Discovery and Innovation, than ever. But because of fice/lab space, shared equipment Harlem Biospace and the New the detailed construc- and services, creative amenities, York Structural Biology Center. Ction work and funds that go into access to startup capital and en- “Tenants coming out of those creating wet labs, it’s a commit- gagement with its network. incubators will propel the indus- ment for owners, says Jonathan Its first 309,035-square-foot try,” says Bill Harvey of Newmark Schifrin of CBRE. His team is the building at 450 W. 29th St. in- Knight Frank, who is leasing In- leasing agent on both the Hudson cludes the 25,000-square-foot nolabs, an upcoming project in Research Center at 619 W. 54th St. Apella conference center, two Long Island City. in Midtown West and the Taystee restaurants by Tom Colicchio, an For New York, Harvey says the Lab Building at 450 W. 126th St. in urban farm, other green space challenge has been availability of Harlem. and an onsite parking garage. an Applied Life Sciences Hub with 22 companies already on top-tier lab space. “There is no Among the requirements are This building houses life science project. site.” shortage of investment and tal- additional electricity, back-up companies including Eli Lilly, The NYCEDC is also seeking It also approved a $10 million ent,” he says. generation, plumbing and venting Pfizer and Roche. partners for a number of other fund to help incubator grads and Innolabs, being developed by as well as loading areas. Main- The second building, with projects. In September, it part- launched an internship program King Street Properties and the taining sterility could mean nu- 418,639 square feet, opened in 2013. nered with Deerfield Manage- for life sciences talent. Gural family’s GFP Real Estate, merous exchanges of outside air CoStar real estate data shows just ment to redevelop the 12-story While NYU Langone has a new celebrated its groundbreaking in per hour, adds Schifrin. 30,000 square feet still available. 345 Park Ave. South into a life sci- science building with wet lab December. The 266,800-square- Due to all the mechanical work, Its largest tenant is the New York ences campus. Programming will space at its First Avenue campus, foot T-shaped life sciences facil- it can take $450 per foot to up- University Proteomics Laboratory. be operated by Deerfield in part- the is home to ity is being redeveloped at 45-18 grade and deliver a pre-built lab Developer Alexandria Real Es- nership with MATTER, a Chica- other research hospitals and cam- Court Square West for occupancy from raw space. As a comparison, tate Equities is now planning a go-based nonprofit healthcare in- puses. in 2021. traditional office space can be de- third building with 550,000 square cubator. Expected to open in early Rockefeller University’s River Along with laboratories, it will livered for around $125 per foot. feet of laboratory and office space. 2021, more than 200,000 of its Campus has over 160,000 square have a bike room with showers Even if the base building al- According to Alexandria, one of 300,000 square feet of life scien- feet of laboratories, conference and lockers, plus space for con- ready has extra electricity, the largest biotech owners in the ces space will be wet labs. rooms, and common areas. ferences and events. plumbing and venting installed, it country, 60 percent of the US’s Deerfield is also supplying $30 Labs and incubators can also be Back in Manhattan, on the West could still cost $250 to $300 per pharmaceutical industry is here. million that will expand NY- found at JLabs at 101 Ave. of the Side, Taconic Partners and Silver- foot to create lab-specific spaces. Alexandria also bought the CEDC’s LifeSci NYC Internship Americas, which is an initiative stein Properties are working on That’s why renting labs can run Pfizer campus buildings on East program and Deerfield’s CUNY of Johnson & Johnson Innovation, the Hudson Research Center into the triple digits, and why the in Midtown that could Fellows, Break into the Board- New York State and the New near the Hudson River. city is supplementing these pro- be redeveloped when that phar- room and Women in Science ini- York Genome Center. In addition, Schifrin’s group at CBRE is also jects with its land, buildings, maceutical company moves out. tiatives. the Alexandria Center’s Launch- leasing the Taystee Lab Building, grants and tax abatements. In Long Island City, Alexandria NYCEDC also awarded Bio- Labs, the BioBat space at the which topped out this week. De- In 2010, the Alexandria Center has a smaller project underway at Labs@NYULangone a $5 million Brooklyn Army Terminal and veloped by Janus Property Com- in Kips Bay, along the East River 30-02 48th Ave. grant towards 50,000 square feet various college campuses — in- pany in the Manhattanville Fac- and by both NYU Langone’s cam- The city’s Economic Develop- of new incubator lab space, which cluding the new Renzo Piano-de- tory District, the 350,000-square- pus and Bellevue Hospital Cen- ment Corporation (NYCEDC) has had its ribbon-cutting with NYC- signed Jerome L. Greene Science foot life sciences building will ter, made waves when it opened a $500 million initiative called EDC President James Patchett in Center at Columbia that will in- have nearly 20,000 feet of out- on 3½ acres. LifeSci NYC. It already commit- December. He says it is “the city’s clude the Zuckerman Institute — door terraces across its 11 floors Now, the Alexandria Center has ted $100 million of that towards largest life-science incubator, all have labs and incubators. and courtyard. A23

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Vornado FIXER UPPERS Realty Trust is Renovated redeveloping Two Penn Plaza with an innovative and new cantilever. office towers are on tap for tenants By LOIS WEISS

New York 202016, January Thursday, Post, nypost.com S building owners scramble and

compete to attract Properties Silverstein and keep top ten- The Farley Building (left) and 120 Broadway (right) are historic buildings getting upgrades. ants, money is pouring into old Brookfield leased 5 million higher-quality building, Aand new office buildings. square feet [at Manhattan more services, better light, New buildings, says Jer- West],” says Larry Silver- better views and better in- emy Moss of Silverstein stein, head of his epony- frastructure like telecom.” Properties, are a “tool” for mous company. “These are That’s why the older New recruitment. “I feel like the three chunks of real estate Class A buildings are being whole city is running at 150 and they were leased si- forced to spend money to “buildings are Vornado Realty Trust (2) percent,” declares Moss of multaneously.” move forward, says Paul the local leasing activity. Silverstein continues, Amrich of CBRE. a ‘tool’ for Moss oversees leasing for “All the buildings are first “The trend for 2020 is Silverstein’s Three, Four class and the latest and the continuing reinvestment recruitment and Seven World Trade best — and at the end of by owners to make their Center, along with the fu- the day, we [all] leased up. product respond to the ... I feel like ture Two World Trade, I don’t know any other city needs of tech companies, among other properties. in the world that can sup- service, finance, education the whole A decade ago, many in port 25 million square feet and health care,” says Bill alty, including Queen Eliza- both New Jersey and the industry questioned of new, trophy-quality of- Rudin, head of Rudin Man- city is beth II and Winston Brooklyn, she adds, noting, the need for new office fice buildings.” agement and REBNY’s Churchill.“You can step “It used to be a low-cost al- construction. Despite that, All the new office towers chairman. “This is the running at outside and eat lunch or ternative.” over 25 million square feet provide tenant companies broad diversified economy have a cocktail on the gar- Cagner is working on the has been built in the past 10 the opportunity to grow that the city has grown 150 percent.” den terrace,” Moss says. leasing of 100 William St. years — and most of it is and keep workers happy over the last decade.” — Jeremy Moss, “It’s a well-executed amen- across from the Fulton leased. “The demand vali- while enjoying new infra- In Midtown, at 1177 Ave. Silverstein Properties ity and they provide deliv- Center transit hub with dates the work,” says Moss. structure that can support of the Americas between ery and catering to the ten- asking rents is in the “What makes us feel more open and more col- West 45th and 46th streets, major shift in the New York ants. It works so well and is mid-$50s per foot. spectacular is that we’ve laborative spaces. Silverstein created a full- office market,” Moss says. such a unique space — and “We intend to add ele- leased 9 million square feet Even as smaller budding floor amenity space with a “It is focusing from the you get these incredible ments in line with what to- of office space at the same tech and media companies lounge as well as fitness moment someone walks views of the skyline.” day’s tenant wants,” he time Related leased 11 mil- mature and grow, Eric Cag- and yoga classes. into the building until they 120 Broadway has spaces notes. “The market feels lion square feet [at Hudson ner of Newmark Knight “Our focus is on hospital- walk out — and ensuring for large and small tenants healthy and inventory is Yards] and at same time as Frank says, “They need a ity, and that is another all their needs are met, with pricing in the $60s tight and impacting the de- from dining and food op- and $70s per square foot. mand for downtown.” tions to catering and conci- Cagner describes down- Other notable leasing op- erges. Everybody is fo- town Manhattan as “a land portunities are in Vor- cused on it.” of opportunity” compared nado’s soon to be dramati- Even historic buildings to other markets. “Tenants cally renovated Farley attract tenants if the aes- priced out of Midtown Building and One and Two thetics and mechanics are South are seeking value Penn Plaza, as well as Tish- upgraded and they provide and finding it downtown,” man Speyer’s Morgan unique amenities. In the he explains. North and the new Spiral at Financial District, Silver- According to Newmark 66 Hudson Boulevard. stein, for instance, has Knight Frank, 11.1 million But the largest redevelop- added $50 million in up- square feet was leased ment around Madison grades to The Equitable downtown last year. Square Park will be SL Building at 120 Broadway, The Financial District is Green’s restacking and en- including the thoughtful “on fire,” agrees Robin largement of renovation of its arched Fisher, also of Newmark Ave. at East 23rd Street that lobby and its public arcade. Knight Frank. “It’s inexpen- will begin after Credit Su- Silverstein also reopened sive and creative, and land- isse exits. the 40th-floor Bankers lords are catering to ten- With lots of glass, large KPF Club and rooftop. Closed in ants with pre-builts.” It floorplates and a roof deck, the past, it had previously also has many subway lines it is designed to attract SL Green’s renovation of One Madison Ave. at East 23rd Street will add a tower and a roof deck. hosted politicians and roy- plus easy commutes from tech companies. A25 e Yr Ps, hrdy aur 6 00nypost.com Thursday, January 16, 2020 Post, York New

4 Generations Creating Value 655 Madison Ave / 136 Madison Ave / 79 Madison Ave Since 1926 1140 Broadway / 1201 Broadway / 57 West 57th St 28-40 West 23rd St / 120 East 23rd St / 104 East 25th St williamsequities.com / [email protected] 304 East 45th St / 38 East 32nd St / 16 West 61st St A26Commercial Real Estate Owners plan to reduce office tower emissions By EMILY NONKO Going LEGACY Manhat- tan skyscraper and a new Brook- lyn development Getty Images; Alloy Development; Paul A. Castrucci, Architects seem worlds apart. The Empire AState Building, packed with 2.7 million square feet of green office space, is the crown jewel of Empire State Re- alty Trust and one of the most recognizable towers New York 202016, January Thursday, Post, in nypost.com the world. 100 Flatbush, planned for Downtown Brooklyn, is a mixed-use A $13.4 development from Alloy. million retrofit What links them is Local has helped the Law 97, one of the most am- iconic Empire State bitious climate legislations Building cut its for buildings enacted by energy use by 40 any city in the world. The law, passed last year, means percent. the city’s largest buildings will have to cut their emis- sions 40 percent by 2030 and 80 percent by 2050. If do,” explains Tony Malkin, tion Program, which 100 Flatbush (above) owners don’t comply, chief executive of Empire helps tenants reduce will be the city’s first they’ll face substantial pen- State Realty Trust and ap- office energy con- all-electric building, alties — $1 million or more pointee to the advisory sumption up to 50 while the ABC No Rio in fines per year for the board that will fine-tune It starts with percent, and writes arts center (right) will largest buildings. Local Law 97. energy consumption use passive-house The Empire State Build- Malkin’s company spent design — guidelines into leases. technology. ing set a standard for sus- an incremental $13.4 mil- “ Further outreach to help tainability retrofits that lion for a green retrofit of integrating tenants slash their energy is 100 Flatbush, set to break will become commonplace the , use will be critical, accord- ground by summer. It will under the new law. Mean- reaping $4.4 million in sav- energy ing to Malkin. be the city’s first all-elec- while, 100 Flatbush will in- ings over three years. A Rudin Management from Local Law 97 without tric building, with 100,000- troduce a new construction mix of initiatives — includ- efficiency Company, whose holdings significant upgrades. Mal- square feet of office space, style that shows what’s ing elevators that recapture include and kin acknowledges the in- 30,000 square feet of retail, possible for new commer- energy during descents, in- into any 80 Pine St., integrated a dustry must move away 256 apartments and two cial builds. Across the in- stead of wasting it as heat technology called Nantum from the LEED system — public schools designed to dustry, there’s a mix of re- — have cut energy use over design you into its commercial portfo- which offers “points” for passive house standards. actions as owners consider 40 percent. Still, the build- lio to measure building oc- measures like installing Alloy’s chief executive how to get their buildings ing must further reduce do.” cupancy, electric demand, sustainable materials — to Jared Della Valle believes up to code before fines kick emissions to meet the 2030 — Tony Malkin, outside weather and other focus on energy consump- natural gas-dependent in — in 2024. cap. chief executive of the factors to maintain effi- tion and carbon output. buildings will become as “It starts with design — The company follows the Empire State Realty Trust ciency. In 2018, the com- Developers of new build- outdated as steam pipes or integrating energy effi- Urban Land Initiative’s pany announced it reduced ings have more leeway to copper phone lines. “It’s a ciency into any design you Tenant Energy Optimiza- carbon emissions by 44 offer future blueprints. Pas- matter of retraining the in- percent across its Manhat- sive house technology — dustry — retrain a blue- tan commercial portfolio. an airtight construction collar workforce to be a Nantum also helps Rudin process that dramatically green-collar workforce — Richard Berenholtz for The Durst Organization Inc. understand tenant use. cuts energy loss — will be- and consider the perform- “Roughly 60 percent of en- come a necessary tool, ac- ance of a building,” he ergy consumed in a build- cording to Casey Cullen- notes. A major need, many ing is tenant spaces,” says Woods, a consultant with developers add, is a grid John Gilbert, Rudin’s execu- engineering firm Thornton that can supply NYC build- tive vice president. “Unless Tomasetti. For now, it’s not ings with the renewable en- we’re looking at what ten- commonly used in com- ergy they’ll need to meet ants are doing in their mercial development, save emission goals. space, and how efficient for the ABC No Rio arts On top of Local Law 97, they can be, we’re only solv- center planned for the Della Valle believes his ten- ing part of the problem.” . That ants will demand high lev- There are still questions building’s carbon output is els of efficiency from the when it comes to retrofits. expected to be even less places they work and live. As Durst spokesperson Jor- than the city’s ambitious “We’re building for the dan Barowitz points out, 2050 emissions caps, says generation out, who’s fol- the company’s One Bryant architect Paul Castrucci. lowing Greta Thunberg,” Park is certified LEED Plat- Perhaps NYC’s most am- he says. “That’s who our Though One (center) is LEED Platinum, it will still have to cut energy use by 2024. inum but will incur fines bitious in-progress project project is for.” A27 A Special Thank You nypost.com Thursday, January 16, 2020 Post, York New TO THE BROKERS AND TENANTS WHO HELPED MAKE 2019 A SUCCESSFUL YEAR!

FRED F. FRENCH BUILDING Pechman Law Group PLLC Little Bird HR, Inc. 7 PENN PLAZA GARDEN CITY CENTER 551 5th Avenue Noah Real Estate Kaufman Leasing Company 100 Quentin Roosevelt Boulevard Benjamin Blumenthal / Rachel Silver Jared Steinberg Sweetgreen Media 3 & LiveShots New York, Inc. SCG Realty Garden City Omrani & Taub, P. C. Creative Bath Products, Inc. Velocity Real Estate Jaqueline Klinger FBA of Syosset Jake Cunningham Certain & Zilberg, PLLC Robert K. Futterman & Associates, LLC Norman Bobrow & Co. Ryan Tucker Naya Express The Rochlin Organization Foreign Policy Association Inc. SRS Real Estate Marc Berkowitz Michael Nazarian AG Adriano Goldschmied, Inc. Cushman & Wakefield Adam Langer Common Sense Marketing John Pico / Jennifer Casey Rothschild Capital Partners, LLC Savills Noah Real Estate Jordan Weiss Sticky’s Finger Joint Real Estate Strategies Klaracon, LLC SRS Real Estate Wayne Steinberg Benjamin Blumenthal / Rachel Silver ABP International, Inc. Cushman & Wakefield Adam Langer Seidner & Associates Bob Baraf / Gary Cedar KS Management FRB, Inc. Newmark Knight Frank Noah Real Estate Chris Mongeluzo 160 EAST 84TH STREET Real Estate Strategies Three Ocean Partners, LLC Benjamin Blumenthal / Rachel Silver Harris Rousso CBRE Innovative Products LLC Starbucks Roger Griswold Shanholt Glassman Klein Kramer & Co. Hat Contract, LLC SCG Realty 2001 MARCUS AVENUE Norman Bobrow & Co. Squarefoot David Firestein Lake Success 200 WEST 57TH STREET Norman Bobrow / David Badner Samantha Fishbone 250 PARK AVENUE SOUTH Cohen & Jaffe, LLP Fresenius Medical Care 570 1 HQ USA, LLC Real Estate Strategies, LTD Cushman & Wakefield CBRE Digital Currency Group Inc. Wayne Steinberg Nicholas Dysenchuk Branca USA, Inc. Thomas Haughton Savills Brown Harris Stevens Michael Mathias All Island Management Leonard Rubin, M.D. Joel G. Burris The Natori Company, Inc. Cushman & Wakefield – Services, LLC Colliers International 251 PARK AVENUE SOUTH JLL Cryder Bancroft Quad Partners LLC Robert Eisenberg / Mark S. Weiss Cushman & Wakefield Centric Real Estate Advisors – Herman Miller Joe Lopresti / John Nielsen Megan Hughes Feltenberger Mark S. Weiss Gregg Lorberbaum CBRE – Michael Laginestra & Jessica Latack Cushman & Wakefiled – Justin Royce WOODBURY MEDICAL Crosstown Commercial Properties Diker Management LLC Chelsea Morning Inc. PORTFOLIO Elliot Forest JLL – 260 Sample Sale 257 PARK AVENUE SOUTH Cynthia Wasserberger / Randy Abend Sinvin Realty 69 Froehlich Farms Boulevard Anderson Peak Performance, Inc. Madison Logic Woodbury Baker Hughes Oilfield Operations, Inc. Christopher Owles / Matthew Girard Walter & Samuels, Inc. Signature Partners Collaborative Realty Tony Builder Squarefoot Robert Frost / Andrew Weiss Alex Jacobs 841 BROADWAY JLL Orthology, Inc. Environmental Defense Fund Michael Aievoli The Abramson Law Group PLLC Max Brenner Vicus Partners The Kaufman Organization Colliers International Jane Brody / Matt Hopkins ABS Partners Real Estate, LLC Howard Kaplowitz / John Brasier 175 Froehlich Farms Boulevard Robert Finkelstein Michael Kaufman / Michael Heaner Jones & Gold Associates, Inc. The Gunlocke Company Woodbury The Ashtin Group The Roosevelt Investment Group, Inc. 853 BROADWAY JLL Endeavor Therapeutic Services Brett Rovner Savills Bright Health Management Tucker Farman / TJ Hochanadel LCSW PLLC Christopher Foerch Jacobson & Chubak Colliers International Cushman & Wakefield 261 FIFTH AVENUE Eric Ferriello / Clint Dewey SUNRISE BUSINESS John Laruffa Endodontics, PLLC CENTER Masserano RE & Consulting, LLC Town & Country Holdings, Inc. IRR LLC QUEENS ATRIUM Joe Lombardi ARG Realty Consultants – Alan Grossman 3500 Sunrise Highway, Great River Benchmark Properties Thomson Avenue, Long Island City The Center for Anxiety, LLC Michael Beyda CBRE – Rob Wizenberg National Response Corp. The City University of New York MHP Real Estate Services Next Jump, Inc. Garnett Station Capital Newmark Knight Frank Jesse Rubens CBRE Daniel Oliver Newmark Knight Frank Properties Barry Rosner Vicki Freeman Joseph DeRosa / Alessio Tropeano / HILB Group of New York Christopher Menard The Northwest Company, LLC Cushman & Wakefield Team 8 Labs, Inc. Edward J. Gorecki / CoPilates Philip D’Avanzo / Mike Ventricelli Newmark Knight Frank Cushman & Wakefield Andrew Ross / Jon Serko Vicus Partners Scott Brown Andrew Stein

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TO THE FOLLOWING BROKERS & TENANTS THANKYOU WHO MADE 2019 A SMASHING SUCCESS:

Law Office of Christopher Q. Davis, PLLC Leaflink Inc. Gregg Cohen, Cresa Greg Smith, JRT Realty Group Inc EIGHTY DOWNTOWN REIMAGINED Principle Litigation Atlas Realty Group Partners LLC BROAD Lance Weitz, JFW Realty Kenneth Beilin, Beilin Commercial Real Estate Lupkin Crescent Consulting Jonathan Fein and Jenna Catalon, Todd Korren, Avison Young Cushman and Wakefield Berkley Insurance Group The American Society of the University of Haifa DLD Asset Frank Cento, Cushman and Wakefield New York 202016, January Thursday, Post, nypost.com

Criteria For Success, Inc. Resolute Systems, LLC Alan N. Markowitz, Sandmark Realty, LLC Josh Winslow, Winslow & Company Greenberg Law P.C. One Search Barry Spagna, Cresa Matthew Held, WeWork Space Services Splash Premium Mixers Madison Eye Care Owen Reda, SquareFoot Bret Varricchio and David Greene, LSL Advisors SJC Engineering The Permanent Mission of St. Kitts and Nevis Michael Duncan, Abraham + Martin Alan Rosinsky, Metro Manhattan Office Space, Inc The Permanent Mission of Timor Peter Shakalis, Lee & Associates Basis New York, LLC Matt Kashani, Norman Bobrow & Co Prosthodontic Associates of New York P.C. Kenneth Salzman and Seth Rosen, Lee & Associates Sircle Media Jordan Weiss, Savills Headlands Capital Advisors, L.P. Michael Affronti and David Katz, CBRE Slip EVERYTHING OLD Emilie Goldman, SquareFoot ESCR-Net IS NEW AGAIN Justin Haber, JLL NY School of Management and Technology James Southern, Halstead Allstate Insurance Company James Einstein, CBRE Alden Street Capital Management, LLC Manhattan Studies Institute Kweller Test Prep James Southern, Halstead The Lind Partners, LLC Clear Haven Capital Management William O’Kane, SquareFoot SRG1, LLC UNOPS Florio, Scally & Leahy, LLP Ned Pierrepont and Lauren Davidson, Transwestern Travel Tripper, LLC Office Max, Inc. Mission Staffing, Inc. Ned Pierrepont and Lauren Davidson, Transwestern Stamina Capital, LLC Nuefeld O’Leary Gregg Cohen, Norman Bobrow Creative Data Resources, Inc. Dashan Dumpling Irina Firstein, C.S.W. Michael Cohen and Ariel Schuster Robert K Futterman & Associates, and Victoria Zhang, Canway Realty LLC

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