News: Brokerage

Abramson and Olden of Buchbinder & Warren reps landlord in 7,150 s/f lease

William Abramson, Buchbinder & Warren Realty  Group, LLC William Abramson, Buchbinder & Warren Realty Group, LLC
New York, NY The owners of The Penny Farthings will open a new restaurant at old Rodeo Bar location 375-377 Third Ave. East Drogheda Inc. dba The Gem Saloon leased a total of 7,150 s/f, which consists of: retail 3,500 s/f, cellar 2,600 s/f, second floor 700 s/f, and third floor 350 s/f. Rob Frischman, EVO Real Estate Group, represented the tenant and William Abramson and Matthew Olden of Buchbinder & Warren Realty Group, LLC represented the landlord. For over 25 years 375-377 Third Avenue was occupied by the Rodeo Bar. Now it will undergo a major renovation and be home to The Gem Saloon. The Rodeo Bar was known for its live music and tex/mex cuisine for over two decades. Now the group from The Penny Farthings will transpose the space to an elegant eating and drinking establishment.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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
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
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,

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.