Business Services Industry
Universal Music finds pitch with sublet; Vivendi unit rents out W. 19th space; Lipstick Building getting a new face.(Real Estate)(Vivendi Universal will sell office space in Manhattan locations)
Crain's New York Business, July, 2003
Byline: lore croghan Universal music group landed a subtenant for 22,000 square feet at 11 W. 19th St., a step forward in a campaign by parent Vivendi Universal to shed surplus office space in several Manhattan locations. The taker is Comprehensive Health Management Inc., a subsidiary of WellCare Health Plans Inc., an HMO focused on government programs such as Medicaid and Medicare.
The new subtenant will be moving from Newburgh, N.Y., and the Bronx. "They wanted to be more in the thick of things,'' says Jesse Rubens, a senior executive managing director at Murray Hill Properties/ TCN and the HMO's broker in the deal. The sublet has a seven-year term. The rent was not disclosed. But the published asking rate for short-term space in the 1903-vintage...
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- LIFO vs. FIFO: a return to the basics
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
- Design a commission plan that drives sales - Sales Commissions
Presented by the Premiere Rewards Gold Card from American Express