Funds look to stand out from crowd.New York-based Time Equities, Inc. recently leased a seven-year, 7,950 s/f space at 55 Fifth Avenue to Promethean Investment Group, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , a prominent Manhattan hedge fund hedge fund, in finance, a highly speculative, largely unregulated investment device. Originating in the 1950s, the funds "hedge" by offsetting "short" positions (borrowing a security and then selling it at a higher price before repaying the lender) against "long" . Michael Rudder of Time Equities, Inc. represented the landlord and Daniel Katcher of Newmark & Company Real Estate, Inc. represented the tenant in the transaction. The expanding firm relocated from 750 Lexington Avenue. "Successful hedge funds continue to be the biggest players in the 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 leasing market," said Michael Rudder, associate director of leasing at Time Equities. "At 55 Fifth Avenue we have seen a surge of activity from the investment firms who are seeking attractive deals in unique locations like Greenwich Village Greenwich Village (grĕn`ĭch), residential district of lower Manhattan, New York City, extending S from 14th St. to Houston St. and W from Washington Square to the Hudson River. ." |
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