News: Brokerage

Buslik of Adams & Co. closes 10-year, 2,274 s/f lease expansion

Adams & Co. Real Estate recently brokered a 10-year, 2,274 s/f expansion lease at 231 W. 39th St. for British clothing company, Hudson Clothing, LLC. The growing company more than doubled its original office and showroom space to a total of 4,277 s/f. Hudson Clothing is a fashion company known for denim styles. The company expanded their showroom space with the launch of a new denim line, "City of Others," which allows customers to donate money to one of three charities with a purchase. James Buslik, principal of Adams & Co., represented the tenant and landlord in the transaction. While details are undisclosed, the asking rents were $45 per s/f. Built in 1908, the 12-story building is located between Penn Station, Times Sq. and Grand Central Station. 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.
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Columns and Thought Leadership
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
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
Lower interest rates and more loan restructuring can help negate any negative trending of NOI on some CRE projects - by Michael Zysman

Lower interest rates and more loan restructuring can help negate any negative trending of NOI on some CRE projects - by Michael Zysman

Lower interest rates and an increased number of loan restructurings will be well received by the commercial real estate industry. Over the past 12 months there has been a negative trend for NOI for many properties across the country.
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.