News: Brokerage

Adams & Co. brokers three leases totaling 35,744 s/f

Adams & Co. Real Estate recently brokered the following transactions: Design communications company Taylor & Ives signed a 10-year, 8,901 s/f lease at 48 W. 37th St. The company will use the new space as general and executive offices. David Levy, principal of Adams & Co., represented the landlord while Chris Mongeluzo of Newmark Knight Frank (NKF) represented the tenant in the transaction. Though details of the lease were undisclosed, the asking price was $40 per s/f. The firm recently brokered a five-year, 3,793 s/f lease at 1071 Avenue of the Americas for Rue 21. Levy and Jeffrey Schwartz of Adams & Co. represented the landlord, while Allen Gurevitch of NKF represented the tenant. Though details of the lease were undisclosed, asking rents were $44 per s/f. ASI System Integration Inc. has renewed their 10-year, 23,050 s/f lease at 48 W. 37th St. The company occupies the third and fourth floor of the building, which will remain the company's New York headquarters. Levy of Adams & Co. represented the tenant and landlord. Though details of the lease were undisclosed, the asking price was $40 per s/f. Adams & Co. Real Estate, LLC is among the top five leasing companies in New York City, as measured by total s/f. The full-service real estate firm is responsible for millions of s/f of office space and provides property management, brokerage and consulting services throughout Manhattan by teaming experience with innovation.
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
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.
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 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