News: Brokerage

Blackstone of GMAC Metropolitan brokers two leases totaling 5,600 s/f

Virgil Blackstone, a sales associate at GMAC Metropolitan Properties, was the sole broker in two commercial lease transactions totaling over 5,600 s/f. The long-term leases were for space in the Medical Office Pavilion Building located at 423 East 138th St. The building features two stories, a partial basement and two floors of existing office space. The building is elevatored, sprinklered and fully ADA compliant. It contains exam, x-ray and record storage rooms. GMAC is a family-owned firm that has been in the residential and commercial real estate arena for 30 years. They are based on Carmine St. in Manhattan's West Village.
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Columns and Thought Leadership
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,
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