News: Brokerage

Avenue Law Firm signs 3,977 s/f office lease expansion at 505 Park Ave.

Manhattan, NY Avenue Law Firm has expanded with new headquarters. The firm, founded by managing partner, Peter Zinkovetsky, is relocating from its previous office at 360 Madison Ave. Avenue Law Firm’s new office will provide an ideal environment for the firm’s continued growth and commitment to excellence in real estate law. This move reflects the firm’s ongoing expansion and dedication to providing top-tier legal services to its clients.

The 3,977 s/f space was delivered vacant and is housed in 505 Park Ave., a 22-story, 199,575 s/f office building — with 175,171 rentable s/f — owned by G.S. Park LLC and built in 1949.

Rates in the building are $70 per s/f. The property was represented by Harry Blair, executive managing director, Cushman & Wakefield, Inc. The was no tenant representation.

“I am thrilled to establish our new office at 505 Park Avenue,” said Zinkovetsky, managing partner, Avenue Law Firm. “This location not only enhances our presence in New York City but also offers a state-of-the-art workspace for our team. We look forward to welcoming our clients to our new home and continuing to deliver exceptional legal services.”

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Let’s be real: if you’re still only posting photos of properties, you’re missing out. Reels, Stories, and Shorts are where attention lives, and in commercial real estate, attention is currency.
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
Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

The state has the authority to seize all or part of privately owned commercial real estate for public use by the power of eminent domain. Although the state is constitutionally required to provide just compensation to the property owner, it frequently fails to account
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,