Studley Tapped to Review Time Warner Company Portfolio
October 13, 2010
By: Adam Pincus

Entertainment giant Time Warner picked commercial advisory firm Studley to conduct a study of the media company's estimated 5 million square feet of office space in New York and New Jersey in anticipation of the bulk of its leases expiring in 2017, sources familiar with the deal said. ...

... The winner and losers were notified last week of the decision, real estate sources said. The request for proposals was issued over the summer and proposals were submitted in the first week of September. Firms including Jones Lang LaSalle, CB Richard Ellis and UGL Equis vied for the work, several sources said. ...

...Studley arranged that deal with developer Related Companies in the early part of the last decade. Related is now developing the West Side rail yards, where it plans to build 12 million square feet of office and residential space. Other large developments underway or on the drawing board that could host such a large tenant include the new World Trade Center towers or Vornado Realty Trust's 15 Penn Plaza. ...

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