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Loeb & Loeb LLP handled nine of Manhattan's 50 largest office leases (based on square footage) in 2014, according to a report published in Crain's New York Business based on data provided by CoStar Group. These nine deals alone represent more than 2.3 million square feet leased in 2014.
"We saw robust growth in Manhattan's office-leasing market in the past year and our commercial leasing practice was extremely active on behalf of both landlords and tenants at many of the city's premier office addresses," said Raymond A. Sanseverino, Chair of Loeb & Loeb's Real Estate Department. "Our team understands the urgency required when negotiating and closing transactions, and we offer quick action and rapid response in order to help our clients seize the right opportunities in today's market."
As detailed in the Crain's report, Loeb & Loeb's top Manhattan lease transactions of 2014, with their respective rankings, include:
Rank #3
Loeb & Loeb represented Brookfield Office Properties, as landlord, in the lease of 700,000 square feet of office, auditorium and studio space to Time, Inc. for the company's new headquarters located at 225 Liberty Street.
Rank #13
Also at 225 Liberty Street, Loeb & Loeb represented BNY Mellon, as tenant, in connection with the lease of 358,000 square feet of office space for the bank's new headquarters.
Rank #14
The firm provided tenant's counsel to Neuberger Berman Group LLC in its 355,000-square-foot headquarters lease at 1290 Avenue of the Americas.
Rank #17
On behalf of 450 Partners, LLC, an affiliate of Brookfield Properties, Loeb & Loeb negotiated a lease amendment and extension with the New York City Financial Information Services Agency covering approximately 250,000 square feet of office premises at 5 Manhattan West, located at 450 W. 33rd Street.
Rank #23
Loeb & Loeb represented TD Bank in connection with multiple related transactions involving SL Green's construction of a new skyscraper to be known as One Vanderbilt, including the negotiation of a new lease for approximately 200,000 square feet of office space and a retail branch lease at One Vanderbilt.
Rank #27
The firm advised 230 West 41st Street LLC, as landlord, in a 170,000-square-foot lease to the City University of New York at 230 W. 41st Street.
Rank #32
As landlord's counsel for 450 Partners, LLC, an affiliate of Brookfield Office Properties, Loeb & Loeb negotiated a lease of approximately 175,000 square feet of office space at 5 Manhattan West, located at 450 W. 33rd Street, to R/GA Media Group, Inc. Loeb & Loeb later amended and expanded this lease to 227,000 square feet.
Rank #45
On behalf of RFR Realty LLC, Loeb & Loeb negotiated a lease of approximately 130,000 square feet of office space at 757 Third Avenue with Grant Thornton LLP.
Rank #47
Loeb & Loeb represented JPMorgan Chase Bank in the lease of approximately 123,000 square feet of office space at 5 Manhattan West, located at 450 W. 33rd St. in New York City.
Loeb & Loeb's Real Estate Practice provides a broad range of sophisticated legal and counseling services to clients around the world who are buying, selling, investing in or leasing commercial, multifamily, office, industrial, hospitality and residential properties. The group represents a wide variety of clients in the real estate industry, including financial institutions acting as lenders, investors or credit enhancers; institutional, corporate, and individual buyers and sellers of real estate; developers; landlords; tenants; and mortgage bankers. The firm's Real Estate Practice and attorneys have earned rankings in legal directories such as Chambers USA, U.S. News & World Report - Best Lawyers "Best Law Firms" and The Legal 500 U.S.
"We saw robust growth in Manhattan's office-leasing market in the past year and our commercial leasing practice was extremely active on behalf of both landlords and tenants at many of the city's premier office addresses," said Raymond A. Sanseverino, Chair of Loeb & Loeb's Real Estate Department. "Our team understands the urgency required when negotiating and closing transactions, and we offer quick action and rapid response in order to help our clients seize the right opportunities in today's market."
As detailed in the Crain's report, Loeb & Loeb's top Manhattan lease transactions of 2014, with their respective rankings, include:
Rank #3
Loeb & Loeb represented Brookfield Office Properties, as landlord, in the lease of 700,000 square feet of office, auditorium and studio space to Time, Inc. for the company's new headquarters located at 225 Liberty Street.
Rank #13
Also at 225 Liberty Street, Loeb & Loeb represented BNY Mellon, as tenant, in connection with the lease of 358,000 square feet of office space for the bank's new headquarters.
Rank #14
The firm provided tenant's counsel to Neuberger Berman Group LLC in its 355,000-square-foot headquarters lease at 1290 Avenue of the Americas.
Rank #17
On behalf of 450 Partners, LLC, an affiliate of Brookfield Properties, Loeb & Loeb negotiated a lease amendment and extension with the New York City Financial Information Services Agency covering approximately 250,000 square feet of office premises at 5 Manhattan West, located at 450 W. 33rd Street.
Rank #23
Loeb & Loeb represented TD Bank in connection with multiple related transactions involving SL Green's construction of a new skyscraper to be known as One Vanderbilt, including the negotiation of a new lease for approximately 200,000 square feet of office space and a retail branch lease at One Vanderbilt.
Rank #27
The firm advised 230 West 41st Street LLC, as landlord, in a 170,000-square-foot lease to the City University of New York at 230 W. 41st Street.
Rank #32
As landlord's counsel for 450 Partners, LLC, an affiliate of Brookfield Office Properties, Loeb & Loeb negotiated a lease of approximately 175,000 square feet of office space at 5 Manhattan West, located at 450 W. 33rd Street, to R/GA Media Group, Inc. Loeb & Loeb later amended and expanded this lease to 227,000 square feet.
Rank #45
On behalf of RFR Realty LLC, Loeb & Loeb negotiated a lease of approximately 130,000 square feet of office space at 757 Third Avenue with Grant Thornton LLP.
Rank #47
Loeb & Loeb represented JPMorgan Chase Bank in the lease of approximately 123,000 square feet of office space at 5 Manhattan West, located at 450 W. 33rd St. in New York City.
Loeb & Loeb's Real Estate Practice provides a broad range of sophisticated legal and counseling services to clients around the world who are buying, selling, investing in or leasing commercial, multifamily, office, industrial, hospitality and residential properties. The group represents a wide variety of clients in the real estate industry, including financial institutions acting as lenders, investors or credit enhancers; institutional, corporate, and individual buyers and sellers of real estate; developers; landlords; tenants; and mortgage bankers. The firm's Real Estate Practice and attorneys have earned rankings in legal directories such as Chambers USA, U.S. News & World Report - Best Lawyers "Best Law Firms" and The Legal 500 U.S.