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New York & Tri-State  + Downtown New York  + Office  |  September 8, 2021
Paul Bubny
By: Paul Bubny

Investment Firm Commits to Long-Term Renewal at 140 Broadway

Newmark arranged a 6,809-square-foot, long-term lease renewal for Alpine Global Management at 140 Broadway in Downtown Manhattan. Director Scott Gutnick and associate director Cooper Weisman represented the tenant on the transaction.   

A leading investment firm, Alpine specializes in event-driven trading of equity-based instruments across global markets. The tenant will upgrade and modernize the space as the firm attracts and retains top talent in the lease renewal.    

“The substantial capital improvement program that ownership is in the process of completing was one of the many reasons Alpine decided to renew their lease at the property,” said Weisman. “The firm has a long-term commitment to NYC, and they’re looking forward to their continued partnership with ownership while upgrading and modernizing its work environment for their employees.”    

Bob Constable and Edward “Mac” Mombello of Cushman & Wakefield represented ownership, a partnership of 140 BW, LLC and Union Investment Real Estate GmbH. 

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Inside The Story

Newmark's WeismanCushman & Wakefield's Constable

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-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 7-10 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).
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