News: Brokerage

Buslik and Levy of Adams & Co. rep tenant in 4,520 s/f lease; Leon and Cohen of Newmark Knight Frank rep landlord

Adams & Co. Real Estate, LLC has brokered a 10-year, 4,520 s/f lease at 1040 Avenue of the Americas for California-based East West Bank. East West Bank is a full-service commercial bank serving consumers and businesses throughout the U.S. and in Greater China. Jeffrey Buslik and David Levy of Adams & Co. Real Estate, LLC represented the tenant while Matthew Leon and William Cohen of Newmark Knight Frank represented the landlord, Garden Homes Development. "East West Bancorp was looking for space to accommodate their New York commercial banking offices, and the proximity of 1040 Avenue of the Americas to all transportation, Bryant Park and a range of other high-profile international companies, made it an ideal location for their offices," said Buslik. Built in 1925 and acquired by Garden Homes Development in 2008, this 24-story, 212,000 s/f building features 24/7 access, renovated lobby, new elevators, enhanced onsite security, full concierge service, and high-end pre-build floors and suites throughout. Notable tenants include Ladas & Parry LLP, Update Legal, Archway, Dice, Hoffman Architects, Inc., Sharp Decisions and Valley National Bank. Adams & Co. Real Estate, LLC is among the top five leasing companies in New York City, as measured by total square feet. The full-service real estate firm is responsible for millions of square feet of office space and provides property management, brokerage and consulting services throughout Manhattan by teaming experience with innovation.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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,
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
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
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,