The Lobby

Avison Young Taps Ted Stratigos to Lead New Long Island Office

Ted Stratigos

The fast-growing Avison Young continued its hiring spree and physical growth spurt by announcing today that Ted Stratigos would lead the firm’s new Long Island office.

Mr. Stratigos comes to Avison after 33 years at Cushman & Wakefield‘s Long Island branch, where he most recently served as a Principal and Managing Director. The Canadian firm has expanded to 50 offices from 11 just four years ago. Read More

Lease Beat

Return Path to Relocate in Midtown South


Digital analytics company Return Path Inc. has signed an 11-year, 23,280-square-foot lease for the entire 41st floor at Charles Cohen’s 3 Park Avenue, it was announced today. Asking rent was in the mid-$60s per square foot.

“This deal clearly demonstrates the strong attraction of prime top-floor office space,” said Mr. Cohen, who also runs Cohen Media Group, a distributor and producer of foreign and independent films, in a prepared statement. “The views, amenities and access to transit at 3 Park Avenue are second to none.” Read More

Mortgage Observer

Class of 2013: New Hires Signal Banks’ Growth Heading Into New Year


Everyone wants to operate a business in New York City. Companies from around the world travel to the Big Apple to expand their presence in the global market by staking out space here.

While the costs of operating a business in the city and in the region can be astronomical, the rewards can make it well worth it. So despite the challenges, each year a number of financial institutions from around the globe decide that it’s time to expand in New York in order to capitalize on companies’ desires to open shop or expand their operations here. As 2012 draws to a close, a number of new entrants from regional and national banks are elbowing in to gain market share in the New York tristate area by offering financing for commercial real estate. That means new hires. Read More

Lease Beat

Avison Young Leases Its First Manhattan Headquarters

623 Fifth Avenue

Avison Young is taking 15,000 square feet at 623 Fifth Avenue as space for its new Manhattan headquarters, The Commercial Observer has learned.

The Canada-based real estate services company opened in the city last year and has been operating out of temporary space offered by the office suite company Regus at 245 Park Avenue. Read More