Law firm renews 250,000-SF lease.International law firm Cahill Gordon & Reindel (Cahill Gordon) has signed a 250,000-SF lease, renewing its commitment at 80 Pine St. - a 1 million-SF property owned by the Rudin Family. The firm was founded in 1919, occupying offices in the Downtown area since its formation. It has taken space at 80 Pine St. since the building's initial construction in 1963 and now will stay at least until 2020. The term of the lease is 17 years and the building is currently 99% leased. Barry Gosin and Moshe Sukenik of Newmark & Company Real Estate, Inc., advised the tenant in this transaction. Rudin was represented internally by Tom Keating For the football player of the same name see Tom Keating (American football). Tom Keating (March 1 1917 - February 12 1984) was an art restorer and famous art forger who claimed to have forged more than 2,000 paintings by over 100 different artists. and Robert Steinman. Attorneys, Philip Glantz and Pam Silverman-Leibow of Goldfarb & Fleece fleece, mat of wool formed by shearing a sheep in one continuous operation. The average fleece weighs from 5 to 10 lb (2.3–4.5 kg); in highbred wool sheep such as the American Merinos a ram's fleece may reach 30 lb (13.6 kg). represented the owner, while Cahill Gordon attorneys represented the firm's interests. "The good news for Lower Manhattan Lower Manhattan is the southernmost part of the island of Manhattan, the main island and center of business and government of the City of New York. Lower Manhattan is generally defined as the area delineated on the north by Chambers Street, on the west by the Hudson River (North keeps coming," said Andrew M. Alper, president of the New York City Economic Development Corporation Overview New York City Economic Development Corporation (NYCEDC) is a non-profit local development corporation that promotes economic growth across New York City's five boroughs. . "I am pleased that by working closely with the state, we have been able to help Cahill Gordon join other companies that have recommitted to Downtown. EDC EDC See: Export Development Corp. and the City are committed to keeping New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. and Lower Manhattan in its leadership position." Empire State Development chairman Charles A. Gargano said, "Cahill Gordon's decision to remain in Lower Manhattan is yet another reflection of how New Yorkers continue to recover and rebuild, overcoming the grave challenges we have faced together since Sept. 11. We are pleased that Cahill Gordon has confidence in the future of Lower Manhattan and we look forward to watching the firm continue its proud and prosperous history." The city and state awarded Cahill Gordon a Job Creation and Retention Program grant in return for its long-term commitment to Lower Manhattan. The firm is among 63 companies and organizations that have made similar decisions, including Oppenheimer, American Stock Exchange American Stock Exchange (AMEX) Stock exchange in the U.S. Originally known as “the Curb,” it began as an outdoor marketplace in New York City c. 1850. It moved indoors to its present location in the Wall Street area in 1921. Deloitte Touche, Dow Jones Dow Jones the best known of several U.S. indexes of movements in price on Wall Street. [Am. Hist.: Payton, 202] See : Finance & Co., and Skidmore, Owings & Merrill. "Our firm was one of the first tenants at 80 Pine Street. We are pleased that we will continue as a downtown law firm with the Rudin family well into this century," said Immanuel Kohn, the law firm's executive committee chairman. William C. Rudin, president of Rudin Management Co., said, "We are delighted that Cahill Gordon will continue as an important tenant at 80 Pine Street. Its commitment is an indication of the confidence that the vast majority of downtown tenants have in the resilience of Lower Manhattan and its bright future. My grand father Sam shook hands with John T. Cahill 40 years ago to consummate the original lease and it is my honor and pleasure, representing the third generation of Rudins, to do so today with the current management team. We commit to cntinue this relationship for another four decades." |
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