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11-Year Deal for Union Behind ABC’s Tech Workers
NABET CWA Local 16, a union that represents technical workers at the ABC Television Network, WABC-TV and WABC Radio Network, has signed a 3,356-square-foot, 11-year lease in Chelsea, brokers told us....
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Marketing Firm Moves to 440 Ninth Avenue
LeadDog Marketing Group has signed a 10-year, 24,929-square-foot lease at 440 Ninth Avenue. Asking rents were $45 per square foot. “It was the right balance; nicer than what we currently have, but not...
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Big Boobs, Long Legs… Use It: Barbara Corcoran
"If you've got sex appeal, big boobs, long legs... why wouldn't you use it?” Barbara Corcoran of The Corcoran Group uttered the words at a recent promotional event for ABC’s “Shark Tank,” where she...
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NYC Policymakers and Advocates Review Construction Safety Requirements
New York City is undergoing a construction boom with new developments and renovations happening across all five boroughs. If you are a long-time New Yorker, city tourist or just someone who has spent a...
View ArticleSilverstein to Buy ABC’s Upper West Side Campus for $1B-Plus: Sources
Silverstein Properties is in contract to acquire the American Broadcasting Company’s Upper West Side headquarters complex for more than $1 billion, Commercial Observer has learned. The developer has...
View ArticleSilverstein Prepares to Buy ABC Campus for $1.2B
Silverstein Properties is poised to close on the $1.2 billion purchase of the Walt Disney Company-owned ABC campus on the Upper West Side, a Silverstein spokesman told Commercial Observer. The...
View ArticleThe Top 10 NYC Commercial Real Estate Stories of 2018
This past year has been exciting for those working in New York City commercial real estate as non-real estate companies have become serious real estate players, one of the city’s highest-profile firms...
View ArticleAfter a Robust 2018, the NYC Investment Sales Market May Take a Hit
The city’s investment sales market was booming last year with nearly $41 billion in transactions, but 2019 isn’t looking so rosy, according to a new report from Ariel Property Advisors. The brokerage...
View ArticleCity Winery Relocating to RXR’s Pier 57 Development
The Soho music venue, restaurant and wine maker, City Winery, will be moving to the retail and office development at Pier 57, sources with knowledge of the deal confirmed to Commercial Observer. City...
View ArticleHollywood’s Restart From COVID Brings Higher Rents, Intense Demand for Studio...
The cameras are rolling and Hollywood’s film industry is slowly coming back, and that’s bringing intense demand for studio space, new interest from investors and higher rental rates. FilmLA, the...
View ArticleHudson Pacific Advances Plans to Expand Hollywood Studio, Office Space
Hudson Pacific Properties is advancing plans to significantly expand one of its top studio and office campuses in Hollywood to more than 1.1 million square feet. The plans, designed by Gensler, include...
View ArticleFormer Chrysler Showroom on the West Side to Become Science Labs
While many developers are turning the large, former automotive showrooms on the Far West Side into office space, Taconic Investment Partners and Nuveen Real Estate have decided to transform one such...
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Top 5 Commercial Real Estate Deals in LA in 2020
If it weren’t for the month of November, the list of the top commercial real estate sales in Los Angeles County would look painfully bleak. Many times this year, it felt like that, too — especially in...
View ArticleSources: Line 204 to Sell LA Studio Development
The market for soundstages and studio space is driving Los Angeles into 2021. Line 204, a boutique studio and production rental company, is set to unload a 10-acre studio development in the San...
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Nuveen’s Nadir Settles Talks Life Sciences, COVID, NYC’s Future
Betting a life sciences project off the ground in New York City might have been a good move in 2019, but doing so last year seems timed to perfection. Despite the upheaval the pandemic reaped on the...
View ArticleHollywood Filming Set to Surge Following Jump in Permits
Hollywood is looking for action. Permits for filming in Los Angeles increased 43 percent in February compared to the previous month, according to FilmLA, the nonprofit permitting office for the region....
View ArticleSilverstein Selling Final Part of Disney Campus for Roughly $930M: Sources
Silverstein Properties and Seven Valleys are selling the final portion of the former Walt Disney Company-owned ABC campus on the Upper West Side to Gary Barnett of Extell Development Company for around...
View ArticleGary Barnett Scores $900M Loan for Disney Campus Purchase
Gary Barnett’s Extell Development Company snagged more than $900 million in acquisition financing for his purchase of the final part of the former Walt Disney Company-owned ABC campus on the Upper West...
View ArticleHudson Pacific Buys Quixote Studios for $360M in Landmark Merger
Most Angelenos are familiar with seeing big white “Q U I X O T E” trucks and trailers around town, serving on-location film shoots for the entertainment industry. But now those trucks could have a...
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