New York City

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

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A quarter of leases totaling 60,000 square feetacross the Rudin Management office portfolio was announced thispast week. In the largest of the deals, BusinessWire renewed itslease 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 thebusiness news provider. At 560 Lexington Ave., Susman Godfrey,represented by Jarod M. Stern and Brad Wolk of Studley, is taking a16,325-square-foot built-to-suit unit for 10 years. In a move toprebuilt space, attorneys Lankler & Carragher, a Rudin tenantat 845 Third Ave., has signed a 10-year lease for 9,669 square feetat 415 Madison Ave. Lake 5 Media expanded by 3,219 square feet at641 Lexington Ave., represented by Gordon S. Ogden of Byrnam Wood,LLC. Rudin’s Robert Steinman and Thomas M. Keating represented theownership.

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Men’s Wearhouse decided it liked the way it was gonna look atW&H Properties’ 1400 Broadway, and leased the property’s entire33rd floor of 13,923 square feet in a relocation from 1410Broadway. Mark Weiss of Newmark Knight Frank represented Men’sWearhouse in the lease negotiations, while a Newmark team of BrianWaterman, Jonathan Fanuzzi and Michael Frantz represented thelandlord.

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Long Island

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Los Angees-based Lucent Capital Inc. has been exclusivelyengaged to sell 51.65 acres of land that has been fully entitledfor developing a 408-unit senior housing community located inBrookhaven, NY. “Despite the fact that Suffolk and Nassau Countiesare seeing tremendous demand for senior housing as a result of anaging local population, new zoning laws along with active communitygroups make it virtually impossible for another senior housingproject to be developed in Brookhaven,” says Lucent’s Shlomi Ronen.“The vacancy rate for senior housing is nonexistent and oneproperty has a two-year waiting list.” The development is projectedto yield a buyer an unlevered IRR of 30% and a 2.25 equity multipleover a four-year investment period, according to Ronen.

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