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Firm puts trust in W47th Street.


CB Richard Ellis CB Richard Ellis Group, Inc. NYSE: CBG is a multinational real estate corporation currently based in Los Angeles, California, U.S.A.. On December 20, 2006, the corporation, also known as CBRE, completed acquisition of Trammell Crow Co. in a transaction valued at $2.  announced that Real Estate Capital Partners, L.P. a real estate investment company based in New York New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
, will move to 114 W. 47th St.

The finance firm has committed to a 10-year, 17,319 s/f lease for the majority of the 23rd floor.

The company, which is doubling its space requirement, is expanding and planning for future growth.

CBRE's David Hollander For the actor see David Hollander (actor)

David Hollander (b. 16 May, 1968) is an American TV writer and producer from Pittsburgh, Pennsylvania, and is most notably known as the creator, screenwriter, and an executive producer of The Guardian, a Pittsburgh-based
 and Sacha Zarba represented the company on the transaction.

"After an extensive search of potential alternatives, RECP RECP Receptor
RECP Rolled Erosion Control Product
RECP Regional Emergency Coordination Plan
RECP Renewable Energy Commercialisation Program (Australia)
RECP Radiation Exposure Compensation Program
RECP Rice Export Corporation of Pakistan
 decided they wanted a well-known corporate address in a Class A building," said CBRE's David Hollander, a First Vice President in the firm's Midtown mid·town  
n.
A central portion of a city, between uptown and downtown.


midtown
Noun

US & Canad the centre of a town
 Manhattan office.

Added Mr. Zarba, "114 W. 47th meets that need and provides them with the space they need for at least the next decade."

Built in 1989 and commonly known as The U.S. Trust Building, 114 W. 47th St. is a 26-story office tower located in the heart of Midtown Manhattan, west of the Avenue of the Americas.

The landlord, The Durst Organization, was represented in house by Tom Bow and Eric Engelhardt.
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Article Details
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Title Annotation:Real Estate Capital Partners
Publication:Real Estate Weekly
Article Type:Brief Article
Geographic Code:1USA
Date:Jan 18, 2006
Words:181
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