New York City

Xinhua, often called “the BBC of China,” has leased 18,600 square feet for broadcast studios and its US headquarters at 1540 Broadway, Manhattan. The deal for the top floor of the 44-story office tower brings the property to 84% occupancy. CBRE Investors bought the tower, which Deutsche Bank took back from former owner Macklowe Properties, in early 2009. John Ryan and Paul Mas of Jones Lang LaSalle represented Xinhua; the building’s ownership was represented by a CB Richard Ellis leasing team of Mary Ann Tighe, Howard Fiddle, Eric Deutsch, Jason Pollen, Christie Harle and Chris Levinson.

A quarter of leases totaling 60,000 square feet across the Rudin Management office portfolio was announced this past week. In the largest of the deals, BusinessWire renewed its lease for 31,902 square feet on the 13th and 14th floors of 40 E. 52nd St. for 10 more years. CBRE’s Paul Myers represented the business news provider. At 560 Lexington Ave., Susman Godfrey, represented by Jarod M. Stern and Brad Wolk of Studley, is taking a 16,325-square-foot built-to-suit unit for 10 years. In a move to prebuilt space, attorneys Lankler & Carragher, a Rudin tenant at 845 Third Ave., has signed a 10-year lease for 9,669 square feet at 415 Madison Ave. Lake 5 Media expanded by 3,219 square feet at 641 Lexington Ave., represented by Gordon S. Ogden of Byrnam Wood, LLC. Rudin’s Robert Steinman and Thomas M. Keating represented the ownership.

Men’s Wearhouse decided it liked the way it was gonna look at W&H Properties’ 1400 Broadway, and leased the property’s entire 33rd floor of 13,923 square feet in a relocation from 1410 Broadway. Mark Weiss of Newmark Knight Frank represented Men’s Wearhouse in the lease negotiations, while a Newmark team of Brian Waterman, Jonathan Fanuzzi and Michael Frantz represented the landlord.

Long Island

Los Angees-based Lucent Capital Inc. has been exclusively engaged to sell 51.65 acres of land that has been fully entitled for developing a 408-unit senior housing community located in Brookhaven, NY. “Despite the fact that Suffolk and Nassau Counties are seeing tremendous demand for senior housing as a result of an aging local population, new zoning laws along with active community groups make it virtually impossible for another senior housing project to be developed in Brookhaven,” says Lucent’s Shlomi Ronen. “The vacancy rate for senior housing is nonexistent and one property has a two-year waiting list.” The development is projected to yield a buyer an unlevered IRR of 30% and a 2.25 equity multiple over a four-year investment period, according to Ronen.