News: Brokerage

Mesmer and Meyer of FirstService Williams leases a total of 87,800 s/f

FirstService Williams has arranged a total of 87,800 s/f in new leases at 902 Broadway. The FirstService Williams agency team of Perry Mesmer and Marty Meyer marketed 902 Broadway, a 330,000 s/f building at the corner of West 20th St. in the Flatiron District. "After some tenant transition we leased up about 90,000 s/f in just the past few months, securing tenants in a third of the building for the next ten years," Mesmer said. "902 Broadway is a well-located, well-maintained building that attracts an eclectic mix of tenants." The deals include the following: * Cramer-Kresselt Co., Inc. signed a 10-year, 16,500 s/f lease for the entire fifth floor, relocating from 7 West 22nd St. Rob Silver, of Newmark Knight Frank, represented the tenant. * Lehr Construction signed a seven-year, 33,000 s/f extension for the entire sixth and seventh floors, at 16,500 s/f per floor. * RoadRunner Records signed a five-year, 16,500 s/f renewal for the entire eighth floor. Joshua Goldman, of Cushman & Wakefield, represented the tenant. * Sir Chester Drawers relocated in the building, taking 5,300 s/f on the 14th floor. Mesmer and Meyer also represented the tenant. * FirstService Williams also arranged a 15-year corporate headquarters lease at 902 Broadway with Deer Stags Inc., which will occupy the entire third floor, totaling 16,500 s/f, when the build-out is complete in the first quarter. Other existing tenants include Bayard Advertising, Phipps Houses Services, Della Femina Rothschild Jeary, Milo Kleinberg Design Associates (MKDA), H3 Hardy Collaboration Architecture, among others.
MORE FROM Brokerage

NYSCAR June 2026 president’s message - by Mercedes Brien

As I write this letter, we are preparing to be at the Annual Conference being held at the Rivers Casino, Schenectady, New York. I look forward to reporting on the conference in my next letter. We have some great courses coming up via Zoom. Please be sure to keep watch on upcoming courses by visiting nyscar.org/resources and tools/professional development.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Tri-state capital  migrates nationally amid  regulation pressure - by Reese Weaver

Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver

New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,

A fresh start - by Shallini Mehra and Amit Doshi

A fresh start - by Shallini Mehra and Amit Doshi

For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced
The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking