News: Brokerage

CB Richard Ellis secures 17,156 s/f lease renewal at One Rockefeller Plaza

According to CB Richard Ellis, the firm recently arranged a 17,156 s/f lease at One Rockefeller Plaza on behalf of the consulate general of the Kingdom of the Netherlands, which renewed its space on the 11th floor for 10 years. Tishman Speyer is the landlord. "The consulate's existing lease was set to expire, and the landlord offered them good terms to renew, reflecting their credit worthiness as a tenant," said Matthew McBride, senior vice president, CBRE, who noted that consulates and missions have now become more sought-after by landlords. "This lease is also a good example of foreign faith in the importance of continuing to be in the Manhattan market." The consulate has occupied its space at One Rockefeller Center since 1993. Tishman Speyer was represented internally.
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,
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,

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