News: Brokerage

Amrich, Hayden and Urrutia of CBRE arrange 15,122 s/f lease

CB Richard Ellis has arranged a 10-year 15,122 s/f lease on behalf of P/S/L Group America LTD at 1140 Ave. of the Americas.  Paul Amrich, executive vice president of CBRE, arranged the lease with Patrice Hayden, vice president, and Fernando Urrutia, associate. Medical information and communications firm P/S/L Group will occupy the 14th and 15th floors at 1140 Ave. of the Americas.  Located at 44th St., the building is set to undergo a redevelopment.  The building's owner and developer, Stellar Mgmt., has designed and conceived an enhancement plan that will include a new exterior glass curtain wall, a technology upgrade, new ground level entrance, lobby and public areas, upgraded elevator cabs, common areas and bathrooms and the ability for tenants to control their HVAC 24 hours a day.  Lindsay Ornstein and Patrick Robinson, of Robinson Ornstein Real Estate Advisors, represented Stellar Mgmt.
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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,

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
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,
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