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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Century Cricket Centre to open first U.S. location near Bryant Park in 14,000 s/f lease

Manhattan, NY Century Cricket Centre, an Australian-backed indoor cricket and sports-tech concept, will open its first U.S. location in a 14,000 s/f at 25 W. 39th St. near Bryant Park following a 15-year lease arranged by Lee
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Columns and Thought Leadership
Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.
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
Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,