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RFR Signs Western Alliance, Clifwater at 477 Madison

RFR has added two new tenants at its newly renovated 477 Madison Ave. boutique office building in Midtown Manhattan. Western Alliance Bank has signed on for 10 years and 12,437 square feet, while Clifwater is taking 12,310 square feet for an undisclosed lease term. 

“477 Madison’s proximity to the northern entrance of Grand Central and the ability for companies to occupy their own full floor with a private outdoor terrace has clearly resonated with boutique financial firms looking to provide employees with an uplifting work environment,” said AJ Camhi, RFR’s EVP and director of leasing. 

Western Alliance Bank was represented in leasing negotiations by Hughes Marino’s Tucker Hughes. Cliffwater was represented by Jarod Stern, senior managing director at Savills. The Newmark team of David Falk, Peter Shimkin, Daniel Levine, Eric Cagner represented RFR in both transactions. 


Inside The Story

Hughes Marino's HughesSavills' SternNewmark's Falk

About Paul Bubny

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 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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