News: Brokerage

Berkis of Winoker brokers two Manhattan leases totaling 4,865 s/f

Bill Berkis of Winoker Realty has brokered leases at 363 Seventh Ave. and 55 Broad St. The two deals taken together totaled 4,865 rentable s/f. At 363 Seventh Ave., a 22-story office building located between 30th and 31st Sts., Berkis closed a 3,400 s/f, seven-year direct lease for the entire seventh floor on behalf of Howard M. Rosengarten, P.C. Neil Polon represented the landlord, Gateway Realty LLC, at 363 Seventh Ave. "For the Rosengarten law firm, proximity to Penn Station was a key factor in the relocation decision because the new location reduces commuting time for the company's attorneys," said Berkis. "Moreover, the new space offers lower rent per square foot, direct electric, and a full-floor presence." At 55 Broad St., Berkis closed a five-year, 1,465 s/f lease on behalf of Woodmere Trading LLC. Rudin Management Co., Inc., the landlord, was represented by Eugene Baumstein. Now in its fourth decade of business, Winoker Realty Co. is a privately held, second-generation commercial real estate firm serving the diverse real estate needs of a highly prestigious list of tenants, owners, large corporations and growing businesses. Winoker Realty is a midsized independent management and leasing organization offering its clients an exceptional combination of service and capability.
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REALM, DelShah Capital and A.M. Properties acquire 377,000 s/f CitySpire office condominium

Manhattan, NY REALM, in partnership with DelShah Capital and A.M. Properties, acquired  CitySpire, a 377,000 s/f office condominium comprising 24 floors within the 70-story tower at 156 W 56th St. in Midtown. Adjacent to Central Park with transit access and amenities, CitySpire is a Class A office asset located in one of the city’s most sought-after office corridors.
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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.
A fresh start - by Shallini Mehra and Amit Doshi

A fresh start - by Shallini Mehra and Amit Doshi

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The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

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Tri-state capital  migrates nationally amid  regulation pressure - by Reese Weaver

Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver

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