The BEAM lease at 90 Broad Street highlights demand for affordable nonprofit office space in the Financial District. Bridge to Enter Advanced Mathematics (BEAM), a nonprofit providing low-income students with opportunities to learn topics related to science, technology, engineering and math (STEM), is moving within Manhattan’s Financial District. BEAM has signed a lease for 5,286 square feet on part of the ninth floor of Princeton International Properties’ 90 Broad Street, according to tenant broker Lee…
Shanghai-Inspired Restaurant Ludlow Street: Tin’s Cocktail Bar
Tin’s, a Shanghai-inspired restaurant Ludlow Street will soon welcome diners to the Lower East Side. Led by Philip Dizard and Mercury Tin, the three-level space blends modern Shanghai flavors with creative cocktails, bringing a fresh dining and nightlife experience to 109 Ludlow Street. Tin’s will be in a 3,600-square-foot, tri-level space, located at 109 Ludlow Street, that features a restaurant on the ground floor with a 20-foot bar, a 25-foot cocktail bar on the lower…
Tin’s 109 Ludlow Street Lease Secures 10-Year Deal on LES
Tin’s 109 Ludlow Street lease marks a major step for SH NY Hospitality Group as it brings a 10-year bao restaurant and cocktail bar concept to Manhattan’s Lower East Side. The deal highlights the group’s continued investment in New York’s dining scene. SH NY Hospitality Group has signed a 10-year lease to open Tin’s, a hybrid Sheng Jian Bao restaurant and cocktail bar, in 3,600 square feet on the ground floor, lower level and sub-lower…
Synthesia Lease 245 Fifth Avenue Expands NYC Office
The Synthesia Lease 245 Fifth Avenue marks a major step in the AI platform’s New York expansion. By securing 13,600 square feet in Moinian’s NoMad office tower, Synthesia doubles its footprint and signals confidence in the city’s tech-driven future. Synthesia, which provides an enterprise-focused video communications platform backed by “Shark Tank” investor Mark Cuban, has signed a five-year lease for 13,600 square feet at the Moinian Group’s 245 Fifth Avenue, according to the landlord. The…
Isla & Co. Williamsburg Expansion to Larger Space
Parched Hospitality Group is moving its Australian restaurant Isla & Co. to a larger location in Williamsburg. The 2,150-square-foot space, located at 66 Grand St., was previously occupied by Taiwanese restaurant Mama Lee. Isla & Co. is expected to open there in mid- September. The restaurant is relocating from The William Vale hotel, where it spent a little more than three years in a 1,600-square-foot space. The lease is for 10 years. Asking rent was…
Capital Fund Management Leases at 510 Madison Ave
Paris-based hedge fund Capital Fund Management (CFM) has signed a long-term lease for two full floors at 510 Madison Avenue, marking a major tenant win for landlord Boston Properties (BXP) as it continues to revamp the Midtown East office tower. The quantitative hedge fund, which manages over $19 billion in assets, will occupy the 28th and 29th floors, totaling approximately 23,000 square feet, with reported asking rents reaching $160 per square foot. CFM plans to…
M&T Bank Announces New Bronx Branch to Open in Fall 2025
M&T Bank today announced its expansion in New York City with a 2,484-square-foot lease at 2976 Third Avenue in the Melrose neighborhood of the Bronx. The bank signed a 20-year lease, highlighting its commitment to serving Bronx residents. “We are thrilled to bring another branch to the Bronx,” said Blair Ridder, NYC Regional President of M&T Bank. “Along with continuing to help our customers achieve their financial goals, we are deeply committed to making meaningful investments in the…
Liba Fabrics Lease Signed at 149 W 36th Street NYC
Liba Fabrics has solidified its New York operations with a new office agreement. The Liba Fabrics lease, located at 149 West 36th Street, comprises 4,000 square feet and represents a strategic consolidation move. This Liba Fabrics lease allows the company to maintain its roots in the Garment District while optimizing space for operational needs. The deal represents a bit of a downsizing for Liba, which left its 7,500-square-foot office across the street at 132 West…
Capping Ground Lease Charges for New York Co-Ops Would Be Disastrous
There has been press recently about co-operative buildings on ground leases, where land ownership is separate from building ownership. The co-op does not own its land but “rents” it from the actual landowners, allowing co-ops to lease the land under their buildings for a fixed period, often decades. In cities like New York, where land is scarce and property prices soar, co-ops built on ground leases have long been a pragmatic solution. As these leases…