News:
Brokerage
Posted: March 28, 2023
Catalon and Weiss of Cushman & Wakefield lease 18,850 s/f to Building Service 32BJ Health Fund
Manhattan, NY Cushman & Wakefield arranged an 18,850 s/f lease for Building Service 32BJ Health Fund (32BJ) at 22 West 19th St. The nonprofit organization will occupy the entire second floor.
Cushman & Wakefield’s Jenna Catalon and Mark Weiss represented the tenant. Michael Heaner and Sam Stein represented the landlord, Kaufman Organization, in-house.
“We are elated to have helped 32BJ expand their presence in this conveniently located space just steps away from their headquarters,” said Catalon. “As 32BJ continues to grow and expand, this new office will provide a fresh and productive environment for its employees.”
22 West 19th St. is a 191,400 s/f office building featuring a renovated lobby, communication infrastructure and 24/7 access.
“22 West 19th St. continues to attract tenants due to its classic Flatiron location and newly renovated lobby,” said Michael Heaner, partner at the Kaufman Organization.
The property is located within walking distance to Penn Station and the PATH train as well as the N, R and F subway lines.
Tags:
Brokerage
MORE FROM Brokerage
Liberow and Benshar of Asset CRG Advisors arrange $18.1 million ground lease transaction for 358 Flatbush Ave. development site
Brooklyn, NY Asset CRG Advisors recently facilitated the disposition of 358 Flatbush Ave., a Brooklyn development site situated at the intersection of Park Slope and Prospect Heights overlooking Grand Army Plaza and Prospect Park.
Columns and Thought Leadership
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,
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,
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
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
