REAL ESTATE

Tiffany to relocate New York offices

BY CSA STAFF

New York City Tiffany & Co. announced that its New York subsidiary has signed a lease for office space to house headquarters’ staff at 200 Fifth Avenue (at 23rd Street), a building formerly known as the International Toy Center.

Currently, Tiffany’s headquarters’ staff is located in three separate locations in midtown Manhattan. The move, expected to occur in spring 2011, will enable Tiffany to consolidate all personnel in one location and generate occupancy savings.

Michael J. Kowalski, chairman and chief executive said, “This is an excellent opportunity to lock in meaningful long-term savings in occupancy costs, and to gain efficiencies from housing everyone in one location. We are also pleased that the renovated 200 Fifth Avenue building, which recently celebrated its centennial, is expected to be designated a ‘green’ office building that is LEED-certified for its environmental and energy efficient features, consistent with Tiffany’s corporate sustainability philosophy.”

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REAL ESTATE

Hanley Investment announces exec promotion

BY CSA STAFF

Irvine, Calif. Hanley Investment Group Real Estate Advisors said that Jeremy S. McChesney has been promoted from VP to senior VP at Hanley Investment Group.

Hanley Investment Group Real Estate Advisors is a boutique retail investment advisory firm based in Irvine, Calif.

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REAL ESTATE

DeLaneau debuts on Madison Avenue

BY CSA STAFF

New York City Faith Hope Consolo, chairman, and Joseph Aquino, executive VP of Prudential Douglas Elliman’s Retail Group in Manhattan said they have arranged the first U.S. location for Swiss horologist DeLaneau at 681 Madison Avenue, between 61st and 62nd Streets.

The DeLaneau flagship, featuring luxury timepieces, will be across the street from Barneys, and close to a host of high-end retail including Judith Lieber, Leggiadro, Cartier, Lockes for Ivanka Trump, Longchamp, Bond 09 and Aaron Basha.

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