InfoAnda - Manhattan tech/media companies grow up and out |

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Elizabeth Taylor's jewels, art, fashion to be auctioned | | 10 April 2011
Pakistani court orders 2 men's noses, ears cut off | 23 December 2009
California outlet accused of serving whale sushi | 11 March 2010

India braces for world's biggest vote | 15 April 2009

Forum Views () Forum Replies ()

Read more with google mobile : Manhattan tech/media companies grow up and out |

Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Home Business Business Home Economy Technology Media Small Business Legal Deals Earnings Social Pulse Business Video The Freeland File Markets Markets Home U.S. Markets European Markets Asian Markets Global Market Data Indices M&A Stocks Bonds Currencies Commodities Futures Funds peHUB World World Home U.S. Brazil China Euro Zone Japan Mexico Russia India Insight World Video Reuters Investigates Decoder Politics Politics Home Election 2012 Issues 2012 Candidates 2012 Tales from the Trail Political Punchlines Supreme Court Politics Video Tech Technology Home MediaFile Science Tech Video Tech Tonic Social Pulse Opinion Opinion Home Chrystia Freeland John Lloyd Felix Salmon Jack Shafer David Rohde Bernd Debusmann Nader Mousavizadeh Lucy P. Marcus David Cay Johnston Bethany McLean Edward Hadas Hugo Dixon Ian Bremmer Lawrence Summers Susan Glasser The Great Debate Steven Brill Jack & Suzy Welch Breakingviews Equities Credit Private Equity M&A Macro & Markets Politics Breakingviews Video Money Money Home Tax Break Lipper Awards 2012 Global Investing MuniLand Unstructured Finance Linda Stern Mark Miller John Wasik James Saft Analyst Research Alerts Watchlist Portfolio Stock Screener Fund Screener Personal Finance Video Money Clip Investing 201 Life Health Sports Arts Faithworld Business Traveler Entertainment Oddly Enough Lifestyle Video Pictures Pictures Home Reuters Photographers Full Focus Video Reuters TV Reuters News Article Comments (0) Slideshow Editor's Choice "Robo-guard" in South Korean prison A prison in South Korea is testing the world's first robot prison guard. Equipped with 3D cameras and software designed to gauge a prisoner's emotional state, the robot might soon replace human guards. Video Former RIM boss sought strategy shift Germany upholds ban on Apple "push" email Video: An analog alternative to Instagram Follow Reuters Facebook Twitter RSS YouTube Read Exclusive: Iran ships "off radar" as Tehran conceals oil sales 10:23am EDT North Korea's rocket launch ends in failure: South Korea 12 Apr 2012 Embarrassed by rocket crash, North Korea may try nuclear test | 12:58pm EDT Big gap between races in U.S. on Trayvon Martin killing 12 Apr 2012 Obama likely paid higher tax rate than Romney in 2011 5:29pm EDT Discussed 292 Trayvon Martin call was ”mistake, not deliberate”: NBC 118 Obama healthcare law could sharply worsen U.S. deficits: study 106 North Korea launches rocket amid international condemnation Watched North Korea rocket launch fails 12:07am EDT "Robo-guard" on patrol in South Korean prison Thu, Apr 12 2012 Transgender beauty says she wants to compete for Miss Universe Tue, Apr 3 2012 Pictures Reuters Photojournalism Our day's top images, in-depth photo essays and offbeat slices of life. See the best of Reuters photography. See more Inside North Korea Rare scenes from within the reclusive state. Slideshow Refugee art Drawings on the canvas of tents in Syrian refugee camps on the Turkish-Syrian border. Slideshow Manhattan tech/media companies grow up and out Tweet Share this Email Print Related News In Silicon Valley, designers emerge as rock stars 4:36pm EDT Facebook to buy Instagram for $1 billion Tue, Apr 10 2012 Facebook e-commerce: the next big thing? Thu, Apr 5 2012 Insight: In Bangalore, a remake to avoid being "Bangalored" Thu, Apr 5 2012 Twitter heads to Motown to be closer to automakers Wed, Apr 4 2012 Analysis & Opinion Counterparties: Why Facebook bought Instagram Facebook’s defensive Instagram M&A raises red flag Related Topics U.S. » Tech » Media » 1 of 2. The former New York Times building is seen in Midtown Manhattan, in New York April 13, 2012. Credit: Reuters/Keith Bedford By Ilaina Jonas NEW YORK | Fri Apr 13, 2012 4:17pm EDT NEW YORK (Reuters) - Less than four months after new technology company SocialFlow Inc moved from the fashionable digs it shared with six other firms in Manhattan's chic Meatpacking District, it is again looking for more office space. "We're no longer a scrappy start-up," Frank Speiser, SocialFlow chief executive and co-founder, said from his new Midtown offices. "We're a start-up, but we have a lot of momentum." The start-ups are growing up. They need more space, more privacy and offices located near their larger business partners. Maturity has sent many to Midtown, Manhattan's largest office market and home to the traditional office towers most people think of when they picture the New York borough. These companies could provide support for rents that have taken a hit from a pullback by financial tenants and give new life to some aging buildings that banks wouldn't touch. "This will help New York because it broadens the base of tenants that are living here," said Nick Farmakis, corporate managing director for tenant representative Studley. "Will it replace finance as the engine of Manhattan? Maybe one day, but it's far down the road if it happens." SocialFlow is one of the hundreds of tech/media companies clamoring for space in Manhattan. Most have been new firms trying to attract creative and engineering talent with offices in funky buildings located in hip Midtown South neighborhoods such as the Meatpacking and Flatiron districts and Chelsea, home to Google Inc. Their growth has created new demand for space, sending them uptown. Midtown buildings offer large floor sizes for such companies, which like to locate on one story. Many have found offices near Grand Central Station for the ease of many family-aged executives who commute from northern suburbs. The move is also pushing tech and media companies into other unusual spaces. The former New York Times headquarters and the Empire State Building are among those being marketed to growing start-ups, firms that may give the buildings new leases on life. MOVIN' ON UP SocialFlow, whose technology enables companies to optimize their message on social networking sites such as Twitter and Facebook, in January moved into 10,000 square feet (930 square meters) of space at 140 East 45th Street, steps away from Grand Central. The company needed to leave its Meatpacking District home when it became clear the staff of 31 could no longer fit into the 1,800 square feet it occupied there. SocialFlow was maturing and needed some private offices and other conventional amenities traditional buildings provide. "We have two conference rooms that are basically operating all the time, an open floor, and then we have offices for some of the key executives so that we can actually discuss financing, HR issues," Speiser said. SocialFlow can make do with its new offices for about the next 10 months, Speiser said. It plans to start looking for a larger Midtown space this month. Nearby, Facebook leases 80,000 square feet near Grand Central and has the option to lease up to 150,000 square feet at 335 Madison Avenue, a building once known as Bank of America Plaza. When Facebook moved there, Twitter took Facebook's former location across the street. Similarly, the online food-ordering site Seamless North America LLC, a Midtown tenant for years, moved in November to bigger digs nearly twice the size. It now leases 28,000 square feet at 1065 Avenue of the Americas at 42nd Street. When they move to more-traditional office space, many of these companies take their decidedly noncorporate environment with them, such as ping-pong tables and family-sized kitchens. At its new location, Facebook peeled away part of the wall board to expose cinder blocks and there is literally writing on the wall. The desire for unorthodox space -- and a lot of it -- has put a new focus on the old New York Times Building at 229 West 43rd Street in Times Square. "As technology firms grow and want larger floor plates where they can put their entire firm on one floor, you're going to see more look in buildings like that," said Bill Peters, executive vice president at real estate services firm Jones Lang LaSalle, which is not representing the building's owner, Blackstone Group LP. "I think that is a building that is ripe for that kind of firm," he said of the Gothic and French Renaissance-style building constructed in stages from 1912 through 1932. The Empire State Building also has landed some tech and media tenants, with the most well-known being business social media firm Linked-in, which rents 32,000 square feet. "Your showroom for a tech company is where you work," said Anthony Malkin, president of the Malkin Group that controls the Empire State Building, which is due to be part of an initial public offering involving 18 properties in total. "Who you will be showing it to is your workers." The demand is not expected to slow anytime soon. Manhattan's ability to attract talent has made New York State the No. 2 recipient of technology venture capital funding, though California remains top by far. In the fourth quarter, VC funding in New York State rose to $434.4 million, up 30.6 percent from a year earlier, according to CB Insights, which tracks venture capital funding. The number of deals reached 60, up from 50 a year earlier. With more funding come more start-ups, and their traditional Midtown South haunts are becoming increasingly scarce and more expensive. In the first quarter, Midtown South's vacancy rate fell to 5.9 percent from 8 percent a year earlier, according to real estate services company Cushman & Wakefield. Asking rent rose 10.5 percent, the biggest jump in Manhattan. Rent in the most desirable Midtown South buildings rose 33 percent from a year earlier and by $10.08 from the prior quarter to $67.52 per square foot. That is likely to continue making the traditionally pricier Midtown market more competitive. "You've got a lot of tenants all chasing the same handful of buildings in Midtown South," Studley's Farmakis said. "There's not going to be enough space for them down there at the right price. These tenants will start to migrate to Midtown and the Downtown financial district, absolutely." (Editing by Dale Hudson) U.S. Tech Media Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above. Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Back to top Reuters.com Business Markets World Politics Technology Opinion Money Pictures Videos Site Index Legal Bankruptcy Law California Legal New York Legal Securities Law Support & Contact Support Corrections Connect with Reuters Twitter Facebook LinkedIn RSS Podcast Newsletters Mobile About Privacy Policy Terms of Use AdChoices Copyright Our Flagship financial information platform incorporating Reuters Insider An ultra-low latency infrastructure for electronic trading and data distribution A connected approach to governance, risk and compliance Our next generation legal research platform Our global tax workstation Thomsonreuters.com About Thomson Reuters Investor Relations Careers Contact Us Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Other News on Saturday, 14 April 2012
In dream city for Syria refugees, hope of return dims |
Analysis: IMF funds drive caught in global power shift |
Scaled-back Pakistan drone strikes reflect success: U.S. official |
U.S. urged at summit to turn toward Latin America |
Powers seek to ease nuclear deadlock with Iran |
Bissau army hold president, former premier in coup |
Exclusive: Starboard's activism turning off some AOL investors |
Facebook advertisers lose bid for class status |
Manhattan tech/media companies grow up and out |
Astounding Seattle TRO ruling could remake smartphone wars |
Seven years, six kids, Brad and Angelina agree to wed |
Jane Curtin looks at Unforgettable life and career |
After cocaine binge, Bill Clegg writes of recovery |
Embarrassed by rocket crash, North Korea may try nuclear test |
Powers seek to ease nuclear deadlock with Iran |
Six die as violence mars Syria truce, protests muted |
Obama urged at summit to focus on Latin America |
Afghan woman MP sets sights on presidency |
Standoff near Philippines over; Chinese boats keep catch |
Ocampo ends World Bank bid, backs Nigerian |
Yemen army clashes with Islamists, at least 34 killed |
Chavez vows to knock out rivals at Venezuela poll |
Cuban agent returns to U.S. after seeing brother |
Nokia says fixed flagship smartphone software bug |
Apple rejects e-book pricing collusion charge |
Lady Gaga stirs up Twitter with #PopSingersDontEat |
Julian Assange show starts Tuesday, guest kept secret |
Devastated Rod Stewart skips Rock Hall ceremony |
Thirteen killed in south Yemen clashes: defense ministry |
Obama cites potential of billion consumers in the Americas |
France questions suspect over serial murders |
Teenagers hurt at Bahrain rally hours after F1 go-ahead |
Panama to review 2014 canal deadline, may face added delays |
Spain regions stage backing for PM's austerity bid |
South Sudan says repulses Sudan army attack on Heglig |
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph		BlogMeter 1.01