Privately-held investment firm Access Industries is relocating its offices from the Crown Building at 730 Fifth Ave., which is undergoing conversion to a condo-hotel, to the LeFrak Organization’s 40 W. 57th St. in a full-floor sublease from Alix Partners. The 25,000-square-foot sublease runs through 2024.
CBRE’s Ben Friedland, Silvio Petriello and Taylor Scheinman represented sublandlord Alix Partners, while NKF’s Brian Goldman negotiated for Access Industries. Founded in 1986 by industrialist Leonard Blavatnik, who serves as its chairman, Access has holdings in natural resources and chemicals, media and telecommunications, venture capital and real estate.
Friedland, Petriello and their CBRE colleagues Elizabeth Herzberg and Tamika Kramer recently represented DFG Investment Advisers in a 11,219-square-foot sublease at 747 Third Ave. for the entire 38th and 39th floors. The tenant is moving from 655 Third Ave. The sublandlord was represented by JLL’s Ben Bass, Mitch Konsker, Walt Rooney and Daniel Turkewitz.
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.
Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.
Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
CRE courses for CE credits
Get CE course credits, centered around all things CRE. View our courses today!