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
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 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
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.