New York, NY – Linda Stillwell joins Brown Harris Stevens team

New York, NY According to real estate firm Brown Harris Stevens, the exclusive affiliate of Christie’s International Real Estate, Inc., Linda Stillwell and her team including Dennis Stillwell and Tate Kelly have joined Brown Harris Stevens.

“We are thrilled to welcome Linda Stillwell and The Stillwell Group to Brown Harris Stevens,” said Hall Willkie, president of Brown Harris Stevens. “Their incredible success, high level of customer service and innovative marketing are an incredible asset to our firm.”

Senior vice president/director Linda Stillwell, a real estate professional for over 25 years, is recognized as one of Manhattan’s top luxury residential brokers. Her ethics, in-depth knowledge of Manhattan’s finest cooperatives, condominiums and townhouses, extraordinary marketing skills and personal sensitivity to her clients and customers needs have earned her a reputation one of the most trusted names in real estate. The Stillwell Group provides clients with exceptional service and a team approach that allows both the buyer and seller the attention and creativity required in the fast paced New York City real estate market. Their impressive client base features top CEO’s, management individuals, young entrepreneurs, successful empty nesters, celebrity and sports figures.

Stillwell brings his vast experience in marketing and advertising to his clients. He is considered one of the early pioneers in internet advertising and has designed and patented software that networks all newspaper websites. Dennis has lectured around the world on marketing over the Internet, written a column on the same topic for “The Journal of Commerce,” and recently co-authored a book titled Successful Web Retailing.

Born and raised in New York City, Kelly has a vast knowledge and understanding of Manhattan. Having grown up on the Upper East Side and achieving a Bachelor’s degree in History from CUNY Hunter College, Tate knows the ins and outs of the area and has established a soliact base.


Swig Equities Announces Over 144,000 Square Feet Of Leases For 2012 In Its Fidi Portfolio

By Kevin Parker
January 14, 2013

Kent M. Swig, President of Swig Equities, LLC, is pleased to announce that the firm has
completed 11 leasing transactions in its FiDi (Financial District) commercial office portfolio in
2012, totaling over 144,000 square feet.

“These leases demonstrate the overwhelming support that our properties have in the FiDi office
market. Our existing and new tenants continue to demonstrate confidence in our buildings, as
evidenced by these lease renewals, expansions and new leases. We appreciate the brokerage
community’s continued support and assistance in many of these transactions, and look forward
to working together on future deals,” said Mr. Swig.

Numerous leasing transactions were completed within Swig Equities’ New York City FiDi
neighborhood properties, which include 48 Wall Street and 110 William Street. In addition, the
Swig Equities portfolio includes ownership interests in 80 Broad Street, 90 Broad Street, 44 Wall
Street, and 5 Hanover Square.
“There is high demand for our properties and the outstanding commercial amenities and
services each of them offers. Our portfolio is very attractive to tenants seeking an office building
in a prime business location with strong, experienced management,” said Jonathan Dean,
Senior Vice President, Director of Commercial Leasing for Swig Equities.

110 William Street, a 900,000-square-foot multi-tenant office building located in the heart of
Downtown Manhattan’s FiDi (Financial District) neighborhood, was the most active property,
with over 74,600 square feet of leases signed. The City of New York signed a lease renewal,
occupying 30,896 square feet (represented by Jonathan J. Dean of Swig Equities); Stack
Exchange, Inc., a growing online network of individual communities, signed a new lease,
occupying 30,230 square feet (represented by Jonathan J. Dean of Swig Equities). In addition,
Knowledge Delivery Systems, Inc., a leading provider of online strategic professional
development, state certification, master’s degree programs, and career advancement for
teachers and administrators, signed a new lease, occupying 8,569 square feet (represented by
Jonathan J. Dean of Swig Equities); BRAC USA, an international development organization
dedicated to alleviating poverty by empowering the poor to bring about change in their own
lives, signed a new lease, occupying 3,154 square feet (represented by William Cohen and
Jonathan Travis of Newmark Knight Frank); EFG Asset Management (New York) Inc., a
financial Research company, signed a new lease, occupying 1,785 square feet (represented by Jonathan Fein of Cushman & Wakefield, Inc.). Over 99% of space is now leased at 110 William Street. At 48 Wall Street, a 34-story, 324,000 square-foot office tower built in 1927 as the home of The Bank of New York, among many prominent tenants, Addison, a brand strategy and communications design firm, signed a new lease, occupying 27,300 square feet (represented by Jonathan J. Dean of Swig Equities); Situs Holdings signed a new lease, occupying 13,650 square feet (represented by Cushman & Wakefield brokers Joseph Fabrizi and Willard Overlock); Conway, Farrell, Curtin & Kelly P.C. signed a new lease renewal, occupying 8,800 square feet (represented by Patrick Heeg of Jones Lang LaSalle); Fletcher Asset Management, Inc., a financial investment advisory firm, signed a new lease, occupying 4,950 square feet (represented by Doug Dolgoff of Cushman & Wakefield, Inc.); EYE Mall Media (USA), LLC, signed a new lease, occupying 4,770 square feet (represented by The Vortex Group, LLC brokers Rick Marek and Oliver Petrovic). With these new leases, over 93% of space is now leased 48 Wall Street.

“With an impressive set of transactions totaling over 144,000 square feet closed in 2012, we are confident in the strength of the current office market and demand for our properties. This growth demonstrates ongoing enthusiasm towards continued business expansion and advancement from the past year, preparing us for a strong launch into 2013,” added Mr. Swig.

About Swig Equities Swig Equities, LLC is a real estate development, investment and management firm based in New York City with offices in San Francisco. The firm is an active purchaser and developer of prime commercial and residential buildings as well as operating companies and securities. Over the past decade, Swig Equities has purchased and/or developed in excess of $3 billion of properties, which includes 110 William Street, a 32-story, 900,000-square-foot commercial office building; 90 Broad Street, a 25-story, 400,000 square foot office building; 48 Wall Street, a 34-story, 324,000-square-foot office building; 80 Broad Street, a 36-story, 440,000-square-foot office building; 44 Wall Street, a 350,000-square-foot office building; 5 Hanover Square, a 25-story, 335,000-square-foot office building; 770 Lexington Avenue, a 20-story, 175,000-square-foot commercial office building in Midtown Manhattan; and 450 Sansome Street, a 140,000 square foot office building in downtown San Francisco.


These Days, Tenants Housed in Insurance Submarket Anything But

By Michael Ewing 10/23 7:45am

Since emerging in the early 20th century, the Insurance District has taken over the northern streets of the Financial District. The district spans from Broadway to William Street and from Pine Street to Park Row, with John and Fulton streets forming the heart of the district.

The New York Life Insurance Company, among the largest insurance companies today, was founded in 1845 and opened its first headquarters at 112-114 Broadway, becoming one of the first insurance companies in the area. Hundreds of firms moved to the area and took spaces in historic buildings like the Home Royal Insurance Building, 110 Fulton Street, Home Insurance Plaza and the National Board of Fire Underwriters Building.

The Insurance District, of course, has changed over time, and the New York Life Insurance Company relocated to a building on Madison Avenue. AIG’s recent financial collapse forced it to sell its building in 2009 and lose its foothold in the neighborhood.

“The Insurance District really is no longer its own and distinct submarket, but has truly been absorbed within the FiDi market,” said Kent Swig, president of Swig Equities. “This market has remained strong and stable and continues to show low vacancy rates. With exception of AIG and a few other relocation and downsizing, the market has had a steady stream of new tenants.”

The vacancy rate has decreased to 6.8 percent from 7.1 percent this year, according to Cushman & Wakefield. The average vacancy rate in the city as a whole has been around 9 percent.

Insurance companies are still drawn to the area—especially seen in 100 William Street’s recent lease activity with Tower Insurance, New York Property Insurance Underwriting Association and OdysseyRe—but the area has attracted other businesses as well. In addition to the insurance agencies, 100 William Street signed with and a financial firm, Interactive Data Corporation.

“The FiDi area has become much more diversified and is no longer a true ‘insurance district’ or ‘financial services’ district,” said Mr. Swig. “Media companies, tech companies, architectural firms, advertising agencies and nonprofits all have been attracted by the value in FiDi relative to other areas of Manhattan, as well as the diverse blend of residential, civic, cultural, retail and other uses.”

“Asking rents range from $33 to $50, with many deals being made in the $33 to $36 range for starting rents,” Mr. Swig added.

“We expect the market to tighten as more tenants are priced out of Midtown South and Midtown and even the outer boroughs as occupancy rises,” said Mr. Swig.

Asking rents in Midtown often average in the upper $60s per square foot.

“Bear in mind that the World Trade Center should not negatively impact the FiDi market, as the average lease size is less than 6,000 square feet, and approximately 80 percent of the buildings in the area contain floors of less than 18,000 square feet,” Mr. Swig said. “The WTC is not directly competing with the bulk of FiDi’s tenancy.”