Hedge Fund Report - August 2015.pdf

8/20/2019 Hedge Fund Report - August 2015.pdf

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Hedge fund

n today’s changing market August 2014

enture Capital Funding Update

ational Perspective

edge fund activity


Venture capital funding - National levels through midyear 2015

$1

$30

$43

$81

$239

$308

$412

$446$575

$665

$700

$803

$829

$991

$2,883

$3,070

$3,745$15,174

$0 $5,000 $10,000 $15,000 $20,000

AK/HI/PR

Upstate NY

Sacramento/N.Cal

South Central

North Central

Philadelphia Metro

San Diego

ColoradoDC/Metroplex

Texas

SouthWest

Midwest

Northwest

Southeast

New England

LA/Orange County

NY MetroSilicon Valley

$ Millions

ationally, total venture capital investment in the first half of 2015 was $39.5 billion, surpassing the previous peak

f $35.7 billion. While the actual number of transactions declined in the second quarter of 2015 compared to theame timeframe in 2014, the lower number is reflected in the many super-size investments in fast-growingunicorn” companies like Airbnb, who raised $1.5 billion during the second quarter. Despite this steady stream ofC funding, the total amount still falls short of the $85 billion of funding raised in 2000. This may be a sign thatany investors remain wary of the rapid growth and potentially over-generous valuations of certain companies that

re still relatively nascent.


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Hedge fund


ew York Metro Area Recap

edge fund activity


NYC venture capital funding reaches post-2000 high in Q2 2015

$2,3

$0

$500

$1,000

$1,500

$2,000

$2,500

$3,000

$3,500

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While Silicon Valley remained the leader in venture capital funding (investment having already surpassed $15 billionn 2015 year-to-date), funding in the New York metro area has increased dramatically. In New York City, dubbedSilicon Alley,” venture capital funding surged to over $2.3 billion in the second quarter of 2015, representing theighest level of investment in a single quarter since 2000. Total funding year-to-date in New York hit $3.7 billion at

he end of the second quarter, and it is on track to surpass last year’s post-2000 record of $5.2 billion.

enture capital funding was scattered throughout NYC, but companies located in Midtown South received the mostunding, including both Warby Parker and WeWork. WeWork raised more than $434 million in capital, representinghe largest transaction of the year, and Warby Parker attracted $100 million.

Venture Capital Funding Update


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Hedge fund

n today’s changing market December 2014August 2014

activityHedge fund

n today’s changing market

BuildingPhoto

Building 667 Madison Avenue 280 Park Avenue 152 West 57th Street

Address Southeast corner of 61st Street Between Park & Madison Avenues

Between Sixth and Seventh Avenues

Ownership The Hartz Group, Inc. SL Green Realty Corp. / VornadoRealty Trust

TF Cornerstone Inc.

Floor / sq. ft. Partial 20th floor / 6,300 rsf Partial 4th floor / 30,108 rsf Entire 56th floor / 8,733 rsf

Asking Rent $150.00 psf $98.00 psf $110.00 psf

Term Through January 2020 Through January 2025 Through August 2018

Sublandlord Cole Capital Mount Kellett CapitalManagement LP

Jacobson Family Investments

Comments High-end installation, furnishedand move-in ready. Space is builtwith 4 executive offices, 1 largeboardroom, 1 conference room, 2support stations, reception,pantry, and private restroom. Amazing light and Central Parkviews from every office.

Newly built above standardinstallation with 11 perimeteroffices, 3 internal offices, 7conference rooms, trading floorwith 90 positions, large pantry,IT, and storage. Furniture, andtechnology infrastructure isavailable. ExtensiveSupplemental HVAC andInfrastructure throughout.

High-end installation withstunning woodwork and glassfinishes. 10 perimeter offices,10 workstations, 1 boardroomand 2 corner conference rooms.Fully furnished.

Floorplan

August 2015


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BuildingPhoto

Building 680 Fifth Avenue 712 Fifth Avenue 600 Lexington Avenue

Address Southwest corner of West 54th Street

Southwest corner of West 56th Street

Northwest corner of East 52nd Street

Ownership 680 Fifth Avenue Associates, LP Paramount Group, Inc. SL Green Realty Corp.

Floor / sq. ft. Partial 22nd floor / 3,255 rsf Partial 31st floor / 1,000-3,000 Entire 20th floor / 8,875 rsf

Asking Rent $85.00 psf See below. $82.00 psf

Term Through July 2019 12-24 months Through December 2019

Sublandlord Sabricas Nima Capital Samson Capital

Comments Brand new installation with glassfront offices and conference

rooms. Built with 3 offices, largeconference room, reception,pantry, and large open area.Fully wired space withenterprise-grade cabling.Incredible light and views. Newcommon corridors andbathrooms.

Family fund with high end spacelooking to sublease 2-3 large

offices with Central Park views,and 2-8 workstations, on ashared basis.

Rent:

2 large partner offices - asking$12,500 per office per month

One standard perimeter office -asking $5,000 per month

2-8 workstations - asking $2,500per workstation per month

High-end space built with 11offices, 3 conference rooms, 23

trading positions, pantry,storage, and IT room. Furnitureis available. Great light andviews.

Floorplan

August 2015


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BuildingPhoto

Building 99 Park Avenue 375 Park Avenue 499 Park Avenue

Address Between 39th and 40th Streets Between 52nd and 53rd Street Southeast corner of East 59th Street

Ownership OSL Shipping & Development,Inc.

Arden Asset Management American Realty Advisors

Floor / sq. ft. Partial 11th floor / 6,145 rsf Entire 32nd floor / 18,214 rsf Partial 25th floor / 5,958 rsf

Asking Rent $62.00 psf $185 psf $79.00 psf

Term 5-10 years Through February 2026 Through July 2017

Sublandlord Thales Transport & Security Arden Asset Management Perceptive Advisors

Comments New installation with wood andglass finishes. Layout includes 5offices, 2 conference rooms,open area with 18 workstations,pantry, marble reception, datacloset (with supplementalcooling), and storage. Park Avenue exposure with great lightand views. Delivered furnished.

High end installation withcustom furniture and millwork.Space has 6 offices, 4conference rooms, 32workstations and a 24 persontrading floor. Outstanding lightand views including Park Avenue frontage.

Nicely built space with 9perimeter offices, 1 conferenceroom, and open space for 9.Furniture and phones areavailable.

Floorplan

August 2015


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activityHedge fund


BuildingPhoto

Building 1325 Avenue of the Americas 1350 Avenue of the Americas 461 Fifth Avenue

Address Between 53rd and 54th Streets Southeast corner of West 55thStreet

Northeast corner of East 40thStreet

Ownership Paramount Group, Inc. SL Green Realty Corp. SL Green Realty Corp.

Floor / sq. ft. Partial 20th floor / 4,371 rsf Partial 28th floor / 5,820 rsf Entire 12th floor / 7,134 rsf


Term Through June 2017 Through May 2017 Through October 2015

Sublandlord Inclenberg Management Gordon Brothers Group Verus Financial

Comments Built sublease with 2 executiveoffices, 4 perimeter offices, 1

conference room, IT closet,pantry, and large open/bullpen.Furniture is available.

Built space with 12 glass frontedoffices, 2 glass front conference

rooms, IT, pantry, and storagecloset. Great light and views onthree sides. Furniture can bemade available.

Built office with 7 windowedoffices, 5 interior offices, open

area for 12 people, pantry andIT room. Furniture can bemade available. ExcellentBryant Park location.

Floorplan

August 2015


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BuildingPhoto

Building 825 Third Avenue 299 Park Avenue 750 Lexington Avenue

Address Northeast corner of East 50th Street

Between 48th and 49th Streets Between 59th and 60th Streets

Ownership The Durst Organization Fisher Brothers Cohen Brothers Realty Corp.

Floor / sq. ft. Partial 31st floor / 4,000 rsf Entire 13th floor / 28,338 rsf Partial 23rd floor / 3,700 rsf


Term Through April 2019 Through March 2018 Through April 2021

Sublandlord Clearbrook Asset Management WestRock A.S. International TradingGroup

Comments Nicely built shared sublease withup to 6 offices, 8 workstations, 1executive office, and access to3-4 conferences including alarge board room. Receptionservices, full pantry, storage,and IT equipment are included.Fully furnished and wired.

Nicely built, furnished and wiredinstallation with 20 offices, 4conference rooms, open spacefor 35, executive kitchen anddining area, storage closets,and IT room. Building has directaccess to Grand CentralStation. Wired and furnished.

Built space with 4 offices, 11workstations, pantry, and ITroom. Bright space with niceviews.

Floorplan

August 2015


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BuildingPhoto

Building 70 East 55th Street 810 Seventh Avenue 1270 Avenue of the Americas

Address Between Park and Madison Avenues

Southwest corner of West 53rd Street

Southeast corner of West 51st Street

Ownership TAK Development Inc SL Green Realty Corp. Tishman Speyer

Floor / sq. ft. Entire 19th floor / 5,834 rsf Entire 37th floor / 17,320 rsf Partial 29th floor / 6,108 rsf


Term Through December 2016 Through April 2024 Through July 2024

Sublandlord CAI Funds Pixafy, Inc. Investec USA Holdings Corp.

Comments Nicely built space with 10offices, 2 conference rooms, andopen space for 6. Fully furnished

and wired.

High end unit built with 14perimeter offices, 3 large breakout rooms, 2 large executive

conference rooms, and a largehigh end trading desk with 70+positions. Space has 30+ tonsof supplemental AC, emergencypower in place, and a largeserver room with raised flooring.

Newly built, high-end tradinginstallation with 25 tradingpositions, 16-seat boardroom,

8-seat conference room andsmaller conference room.Trading floor has 5 tons ofsupplemental air. Bright cornerunit with lots of windows andviews of Central Park

Floorplan

August 2015


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Type Tenant Address Square Fee

Recently Completed Transactions – Financial Service Firms

or further information, please contact:

ynthia Wasserberger at 212.812.5816 or [email protected]

August 2014

edge fund activity


ew Industrial and Commercial Bank of China 1633 Broadway 51,89

ew Itochu 1251 Avenue of the Americas 44,10

enewal/Expansion Harvest Partners LP 280 Park Avenue 40,00

xpansion Stifel Nicolaus 787 Seventh Avenue 36,12

enewal GoldenTree Asset Management 485 Lexington Avenue 33,25

ew Auda International 1290 Avenue of the Americas 32,00

enewal Avista Capital 65 E 55th Street 16,31ew Turkiye VakifaBank 1177 Avenue of the Americas 15,37

ew Coretec Group 140 E 45th Street 14,45

xpansion Strathspey Crown Holdings 570 Lexington Avenue 12,80

enewal Moon Capital Management 499 Park Avenue 11,30

ew Ducera Capital 499 Park Avenue 11,29

enewal Hellman & Friedman 390 Park Avenue 10,72

ew Hitchwood Capital Management 640 Fifth Avenue 10,27

ew Investor Growth Capital 1177 Avenue of the Americas 9,96

ew Investec 10 E 53rd Street 8,46ew Bruderman Brothers 10 E 53rd Street 8,46

ew Merx Aviation Finance 1370 Avenue of the Americas 6,82

ew Athena Art Finance Corp. 400 Park Avenue 6,56

ew Ulysses Capital 445 Park Avenue 5,99

ew Warlander Asset Management 250 W 55th Street 5,94

ew TP Capital Management 400 Park Avenue 5,21

xpansion Clayton Dubilier & Rice 375 Park Avenue 4,74

ew The Clinton Group 510 Madison Avenue 4,62

ew Summit Trail Advisors 140 E 45th Street 4,26

ew Roark Capital Group 540 Madison Avenue 4,00

ew Post Capital Partners 747 Third Avenue 2,95

ew Roc Capital Management 40 W 57th Street 2,71

ew HX Decker Capital 630 Fifth Avenue 2,70

ew Triton Advisers Ltd. 630 Fifth Avenue 2,16


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Hayley Shoener is an associate in JLL’s New York office and specializes in tenant representation.Ms. Shoener focuses on business development, market research, transactional support andfinancial analysis. She also worked as an intern at JLL in both the Research and Brokeragedepartments in 2012. Ms. Shoener graduated cum laude from Boston College in 2013 with abachelor of arts degree in History and a minor in French. She is a member of the Real Estate Boardof New York.

Hayley Shoener

Associate(212) [email protected]

Jonathan Schifrin is a senior vice president in JLL’s New York Office and is a tenant representationspecialist. Mr. Schifrin has more than eight years of experience in the commercial real estate

industry. Mr. Schifrin holds a master of science degree in real estate from New York University anda bachelor of arts degree from Emory University. He is actively involved with Israel Bonds andserves as a vice chairman of the New Leadership Cabinet.

Jonathan SchifrinSenior Vice President(212) [email protected]

Cynthia has been actively involved in providing real estate services to financial service clients overthe past 18 years. She assists key prime brokerage groups and focuses on transaction work fornumerous boutique hedge funds and investment management firms. She has completed over 100deals in this arena. Cynthia holds a business administration degree from University of Florida, anda Master of Science in Real Estate Finance from New York University. She is an active member ofThe Real Estate Board of New York and the New York University Real Estate Alumni Association.She is also involved with The Doe Fund organization in New York, and was recognized in 2009 asa Woman of Valor by the Capuchin Food Pantry / St. Francis of Assisi.

Cynthia WasserbergerManaging Director(212) 812-5816

[email protected]

December 2014

Hedge fund

n today’s changing market December 2014

activityHedge fund


Hedge Fund Report - August 2015.pdf

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