News:
Brokerage
Posted: July 11, 2011
CBRE handles 118,634 s/f lease renewal/expansion
CB Richard Ellis has represented law firm Baker & Hostetler LLP in its lease renewal and expansion for 118,634 s/f at 630 Fifth Ave., in Rockefeller Center.
John Maher and Paul Myers, executive VPs, along with Tom Shirocky, senior VP, Consulting Group, CBRE, represented Baker & Hostetler LLP in the 15-year lease.
Mr. Maher said: "Tishman Speyer was very creative and worked quite hard to accommodate the needs of Baker & Hostetler's continued growth."
"Tishman's understanding our needs and their willingness to work with us to find a solution was the key to this agreement," said George Stamboulidis, managing partner of Baker & Hostetler New York. "We are excited to continue our tenure and expansion at 630 Fifth Avenue."
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.
Quick Hits
Columns and Thought Leadership
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
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
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,
