Leases
Law firm triples space with new Fifth Avenue lease
Address: 717 Fifth Ave., Manhattan
Landlord: Dajia US
Tenant: Jacobs P.C.
Lease size: 8,844 square feet
Lease length: Five years
Asset type: Office
Brokers: CBRE’s Arkady Smolyansky and Jacob Rosenthal represented the tenant. CBRE’s David Hollander, Nick Hilton and Maxwell Tarter represented the landlord.
Investment firm renews with RXR
Address: 530 Fifth Ave., Manhattan
Landlord: RXR
Tenant: Arbiter Partners Capital Management
Lease size: 7,803 square feet
Lease length: Six years
Asking rent: $80 per square foot
Asset type: Office
Brokers: Newmark’s David Emden and Robert Emden represented the tenant. Andrew Ackermann and Walter Rooney represented the landlord in-house.
Sales
Japanese firm picks up 4-unit NoMad rental
Address: 113 E. 29th St., Manhattan
Seller: Rialto Management
Buyer: Takeda Kosan Co.
Sale price: $13 million
Asset type: Multifamily
Financings
American Exchange Group refinances Midtown office building
Address: 1370 Broadway, ManhattanÂ
Owner: Joseph Mamrout
Lender: Fortress Investment GroupÂ
Loan amount: $45.5 millionÂ
Asset type: Offices
