Press Releases

Savanna Improves Sustainability Performance, Raises Year-Over-Year GRESB Rating Scores Across Investment Portfolio

Businesswire

October 31, 2022

By Business Wire – Savanna, a New York City-based real estate investment manager, owner/operator and developer, continues to build upon its already high marks for sustainability performance across its 7 million square foot New York City property portfolio. Once again the NYC based real estate investment manager earned 5-Star ratings for multiple investment vehicles on

View Article

141 Willoughby Street Wraps Up Construction In Downtown Brooklyn 

New York YIMBY

October 24, 2022

BY: Michael Young and Matt Pruznick – Construction is nearing completion on 141 Willoughby Street, a 24-story commercial building in Downtown Brooklyn. Designed by Fogarty Finger with SLCE as the executive architect and developed by Savanna Real Estate, the structure will yield 400,000 square feet of Class A offices and lower-level retail space. Gilbane Building Company and Savcon are the general contractors, Thornton Tomasetti

View Article

School Construction Authority Relocating Office to 350K SF at One Court Square

Commercial Observer

October 3, 2022

BY Mark Hallum  The New York City School Construction Authority (SCA) is migrating to the north side of Sunnyside Yards with a new office lease for 350,000 square feet at 1 Court Square, Commercial Observer has learned. The city agency signed a 20-year lease to occupy 11 floors in the Long Island City, Queens, tower and will relocate from the nearby 30-30

View Article

YIMBY Looks At Some Of South Florida’s Most Anticipated Luxury Residential Developments

Florida YIMBY

September 6, 2022

By: Oscar Nunez – The last project on this list is Ōlara , is a transformative waterfront four – acre new development comprising three towers of 28 stories which will yield 315 premier condominium residences, 170 luxury apartments, a marina and world – class culinary offerings located at 1919 North Flagler Drive in West Palm

View Article

Luxury Condos For Sale From Miami To Palm Beach To Sunny Isles

Oceanhome

August 23, 2022

By Melissa Gillespie – South Florida continues to be a top of mind destination for vacation homes for those escaping the chilly weather up north for a warm beachfront utopia . Coming soon, these four residential buildings will be adding luxury residences to the worldwide known skyline, including world – class design by talents such

View Article

ScienceIO Opening First NYC Office at 11KSF in Midtown South

Commercial Observer

August 9, 2022

By: Celia Young – Data science company ScienceIO inked a deal to open its first New York City office on the entire top floor of 24-28 West 25th Street and will relocate most of its business from Boston, Commercial Observer has learned. ScienceIO, which builds software for health care companies and hospitals, signed a five-year

View Article

New arquitectonica-designed waterfront condos planned for West Palm Beach

Sun Sentinel

July 29, 2022

By Amber Randall – A New York based developer is bringing a new condominium project to West Palm Beach as luxury residences grow in popularity. Sitting on four acres of land along North Flagler Drive near the Intracoastal Waterway, Olara Residences, a mixed – use development, will add 485 units to the market. Luxury residences

View Article

Residential Waterfront Complex Olara Is Heading to West Palm Beach

LX Collection

July 28, 2022

By: Ameena Walker – Residential Waterfront Complex Olara Is Heading to West Palm Beach New York City – based developer and real estate firm Savanna revealed plans for its first residential project in South Florida, reports The Real Dea l . The firm is developing Olara , a two – building complex designed by Miami

View Article

485 luxury residential units with private marina proposed in West Palm Beach

The Business Journals

July 26, 2022

By Brian Bandell – New York – based Savanna revealed plans for a three – tower residential project across from the Intracoastal Waterway in West Palm Beach. Olara Residences would have 315 condos and 170 apartments . The project would have over 70 , 000 square feet of amenities, including two pools, a fitness center,

View Article

Olara is latest residential high-rise development planned in West Palm Beach

The Real Deal

July 22, 2022

By Mike Seemuth – New York City – based Savanna is the latest developer to reveal plans for a residential high – rise in West Palm Beach, where planned condos are proliferating in the waterfront Flagler Drive corridor. Savanna, a real estate firm that has made $ 5 billion worth of property investments throughout New York

View Article

Two tall luxury towers proposed along waterfront South of Currie Park

The Palm Beach Post

July 14, 2022

By Alexandra Clough – A New York – based real estate firm wants to build a massive complex featuring two tall towers and more than 400 luxury residences in a section of West Palm Beach newly zoned for tall towers. Olara Residences, by Savanna Fund, would be built on about 3 acres along North Flagler

View Article

Webster Bank Expands Manhattan Lease

Commercial Property Executive

March 14, 2022

By Jackson Chen – Savanna owns the 24-story Midtown tower. Webster Bank has renewed its lease at 360 Lexington Ave. in Manhattan’s Midtown market, even expanding it to occupy two full floors. The bank leased a total of 30,622 square feet of office space, combining an extension of its existing 22,522-square-foot lease and an expansion

View Article

Savanna Announces Webster Bank Expansion at 360 Lexington

Real Estate Weekly

March 11, 2022

By: REW – Savanna, a New York City-based real estate investment manager, owner/operator and developer, has leased 30,622 square feet of office space to Webster Bank at 360 Lexington Avenue, a 268,383-square-foot, 24-story office tower in Midtown Manhattan. Webster Bank took an additional 8,100 square feet and extended the term on its existing 22,522 space,

View Article

Arevon Energy, Investment Firm Teza Technologies Snag Space at 521 Fifth Avenue

Commercial Observer

February 1, 2022

By: Celia Young – The renewables firm Arevon Energy, investor Teza Technologies and commercial mortgage lender Berkadia snapped up a total of 30,000 square feet of space at Savanna’s 521 Fifth Avenue, the New York Post first reported. Berkadia relocated within the 39-story office building to 15,000 square feet across the entire 16th floor according

View Article

Savanna Announces New Leasing Activity Totaling Over 30,000 Square Feet at 521 Fifth Avenue

citybiz

January 31, 2022

By: citybiz – NEW YORK – Savanna, a New York City-based real estate investment manager, owner/operator and developer, announced two new leases and a lease extension and expansion totaling 30,300 square feet of space at 521 Fifth Avenue, a 498,711-square-foot, 39-story office building near Grand Central Station on the corner of 43rd Street and Fifth

View Article

Construction Tops Out At 141 Willoughby Street In Downtown Brooklyn

New York YIMBY

November 17, 2021

By: Sebastian Morris – A new 24-story commercial tower at 141 Willoughby Street in Downtown Brooklyn has officially topped out. From developer Savanna Real Estate, the new property comprises 400,000 square feet with a mix of Class A office space and retail on the lower floors. Construction broke ground in 2020 and is on track

View Article

Nicholas Bienstock – Managing partner at Savanna

Commercial Observer

November 15, 2021

By: The Editors – How much longer can this go on? In June it felt like there was substantial momentum toward a return to normal life in New York City. The delta variant definitely slowed that down here in New York City and across the United States. That being said, the post-Labor Day change in New

View Article

Savanna Celebrates Topping Out at 141 Willoughby in Downtown Brooklyn

Real Estate Weekly

November 9, 2021

By: REW – SAVANNA CELEBRATES TOPPING OUT AT 141 WILLOUGHBY IN DOWNTOWN BROOKLYN Savanna celebrated the topping out of 141 Willoughby Street in Downtown Brooklyn with the project team on November 9, 2021. 141 Willoughby (https://onefortyone.nyc/) is a state-of-the-art, WELL Health-Safety, WiredScore and LEED Certified 400,000 square foot trophy office and retail development designed by

View Article

Federal Agency, French Bakery Take 66K SF at LIC’s Falchi Building

Commercial Observer

November 9, 2021

BY Rebecca Baird-Remba – An undisclosed federal agency and SoHo-based French bakery Maman have signed 66,000 square feet of leases at Long Island City, Queens’ Falchi Building, Commercial Observer has learned. The General Services Administration (GSA), which handles real estate deals for the federal government, inked a 60,000-square-foot, long-term lease in the building at 31-00

View Article

Savanna Announces New Office Leases at The Six

citybiz

November 8, 2021

By: citybiz – Savanna, a New York City-based, vertically-integrated real estate investment manager, owner/operator and developer, has signed three new full-floor leases at The Six, the boutique office tower at 106 West 56th Street. Savanna completed the 90,000 square foot, 26-story property catering to New York’s high-end office users, and opened for occupancy this Spring.

View Article

CommonWealth Partners, Two Others Snag Deal at 106 West 56th Street

Commercial Observer

November 4, 2021

By: Celia Young – They say good things come in threes and for the slim office tower on Billionaire’s Row at 106 West 56th Street that seems to be proving true for leasing. Real estate investment and development firm CommonWealth Partners, petroleum distribution company Buckeye Partners and health care investment firm TCG Crossover nabbed a

View Article

Savanna Boosts Sustainability Performance Again, Achieving Gresb 5-star Ratings Across Multiple Investment Vehicles

businesswire

October 27, 2021

By: businesswire – Savanna continues to achieve high marks for sustainability performance across its 7 million square foot New York City property portfolio. The company earned 5-Star ratings for multiple investment vehicles on the 2021 GRESB survey, making Savanna a top-tier performer amongst its peers. Savanna vehicles also earned Green Star designations, which indicate strong

View Article

Savanna Secures Trio of Leases at 521 Fifth Ave.

Connect Commercial Real Estate

September 29, 2021

By: Paul Bubny – Savanna has secured three new leases totaling 20,175 square feet at 521 Fifth Ave., a 498,711- square-foot, 39-story office building located in close proximity to Grand Central Terminal. Ownership recently completed a capital improvement program at 521 Fifth, which it acquired in 2019. A CBRE team of Peter Turchin, David Hollander,

View Article

Savanna Announces Three New Leases Totaling Over 20,000 Square Feet at Newly Renovated 521 Fifth Avenue

citybiz

September 27, 2021

By: citybiz – Savanna, a New York City-based real estate investment manager, owner/operator and developer, announced three new leases totaling 20,175 square feet of space at 521 Fifth Avenue, a 498,711-square-foot, 39-story office building located in close proximity to Grand Central Station on the corner of 43rd Street and Fifth Avenue. A CBRE team of

View Article

How a developer and a law firm used a Brooklyn development to mentor students interested in commercial real estate

New York Business Journal

August 24, 2021

By Leonard A. Robinson – Savanna, a real estate company, and Hunton Andrews Kurth, a law firm with an extensive real estate practice, have used a downtown Brooklyn development project as an opportunity to mentor students interested in commercial real estate. 141 Willoughby Street in downtown Brooklyn is currently owned by Savanna who is developing

View Article

Hunton Andrews Kurth and Savanna Serve as Mentors to Students in Project Destined Virtual Internship Program

Hunton Andrews Kurth

August 13, 2021

By: Hunton Andrews Kurth – Hunton Andrews Kurth LLP and Savanna have completed their mentorship in Project Destined’s recent internship program, during which City University of New York students learned the fundamentals of commercial real estate. Partnering with leading real estate executives and professionals to deliver the program through CUNY and other local colleges, Project

View Article

Savanna Sustainability Project at One Court Square Nets 4.4 Million Kwh (20%) Annual Energy Savings

businesswire

July 23, 2021

By: businesswire – Savanna, a New York City-based, vertically-integrated real estate investment manager, owner/operator and developer, announces today the completion of a major energy efficiency initiative at One Court Square in Long Island City, which results in an annual energy savings of approximately 20%, or 4.4 million kilowatt-hours (kWh), at the iconic skyscraper. Working in

View Article

New York City Skyscrapers Going To High-Tech Lengths To Reduce Carbon Emissions

CBS News New York

July 22, 2021

By: CBS New York – Some New York City skyscrapers are working to become more energy efficient. They’re lowering carbon emissions, while saving money in the process. As CBS2’s Dave Carlin reports, One Court Square is among the city’s first to get its cooling and energy systems retooled to be more energy efficient, environment and

View Article

Target will open first Long Island City location at One Court Square

6sqft

June 24, 2021

BY Dana Schulz – One Court Square, the former Citigroup Building, was long the tallest tower in Queens until it was overtaken by the residential Skyline Tower. In addition to its prominence in the skyline, the building is also known for its failed deal with Amazon. The retailer had planned to lease one million square

View Article

After the great Amazon flake, Target inks huge deal in Queens

New York Post

June 23, 2021

By Lois Weiss – Target hopes to hit another bullseye in Long Island City — where it has just leased 31,000 square feet at One Court Square. When it opens (a spokesperson for Target declined to reveal an opening date), the store will have a dedicated ground-floor entrance, the entire 23,400-square-foot second floor and a

View Article

One Court Square gets green makeover

Queens Dailey Eagle

June 23, 2021

By Jacob Kaye – Con Edison has retrofitted one of Queens’ most notable skyscrapers with several updates to make the building more green. One Court Square, the Long Island City skyscraper that used to be home to CitiGroup, is a 53-story building and is now home to the largest electric-efficiency retrofit at an office building

View Article

One Court Square to Welcome Target Store

Real Estate Weekly

June 23, 2021

By: REW – Savanna, a New York City-based, vertically-integrated real estate investment manager, owner/operator and developer, announces today it has entered into a lease agreement with Target Corporation (NYSE: TGT) for 31,000 square feet of retail space at One Court Square, the iconic office tower in Long Island City. Terms of the transaction were not

View Article

Savanna Secures $264M in Financing for Brooklyn Project

Commercial Property Executive

May 12, 2021

By: Greg Isaacson – Real estate investment manager Savanna has closed on $264 million of debt financing for its office and retail development project in downtown Brooklyn, 141 Willoughby. A group of lenders including funds managed by CarVal Investors provided the financing for the 400,000-square-foot building, which broke ground in late 2020. JLL’s Aaron Niedermayer

View Article

Savanna Seals $264M Construction Financing for 141 Willoughby Street

Commercial Observer

May 10, 2021

By: Cathy Cunningham – A distinct sense of optimism is finally in the air as the world reopens and New York City’s most-buzzed-about developments begin to rise. On Friday, Savanna wrapped $264 million in construction financing for its signature office-and-retail project at 141 Willoughby Street in Downtown Brooklyn, Commercial Observer has learned. “Assembling construction financing

View Article

Savanna Announces 141 Willoughby Development Financing

citybiz

May 10, 2021

By: citybiz – Savanna, a New York City-based real estate investment manager and developer, has completed the construction financing of the 141 Willoughby Street development project in downtown Brooklyn, the firm announced. Savanna secured $264 million of debt financing from lenders including funds managed by CarVal Investors. With official groundbreaking completed in late 2020, Savanna

View Article

Commercial Observer Power 100

Commercial Observer

April 1, 2021

By: Lauren Elkies Schram – Savanna notched more than 500,000 square feet in leases in its roughly 7 million-square-foot portfolio over the last year. And it was the completion of ongoing work on several of the buildings that positioned the firm to capitalize on the office leasing recovery in the second half of 2021. Last year

View Article

Show More