News: Brokerage

ABS Partners R.E. arranges 32,078 s/f

Bronx, NY ABS Partners Real Estate has arranged leases with tenants, SOMOS Community Care, C.A.C. Industries and Lifestance Health at 5500 Broadway also known as Broadway Crossing. The building was represented by ABS Partners’ Ben Waller and Matthew Dennison.    

Leasing 20,761 s/f on the first floor, SOMOS was represented by Jon Bachrach and Edward Klaynberg from Turnkey Office Space. 

C.A.C. Industries will be moving into two new custom-built offices on the 2nd floor totaling 7,031 s/f.  Adjacent to C.A.C., behavioral care provider Lifestance Health will be leasing 4,286 s/f. Lifestance was represented by Andre Sigourney and Jon Kamali of CBRE.

The property which recently underwent renovation now boasts a new parking garage, bathrooms, common areas and tenant-controlled HVAC systems. 

“The building has always been a central point to serve the local and New York community,” said Waller, “We are glad to be able to provide a comfortable and safe space for this important work to get done.”

Broadway Crossing at W 230th St, is a 160,000 s/f mixed use commercial complex situated at the convergence of Riverdale, Kingsbridge and Marble Hill with connectivity to Manhattan and Westchester. The property offers on-site parking, access to highways and public transportation options.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
AI comes to public relations, but be cautious, experts say - by Harry Zlokower

AI comes to public relations, but be cautious, experts say - by Harry Zlokower

Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,
Strategic pause - by Shallini Mehra and Chirag Doshi

Strategic pause - by Shallini Mehra and Chirag Doshi

Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent
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