News:
Brokerage
Posted: August 8, 2011
CBRE reps Mack-Cali in 56,106 s/f lease to Gen Re at 125 Broad Street
According to the Mack-Cali Realty Corp., General Reinsurance Corp. (Gen Re) has signed a new 21-year, eight-month, 56,106 s/f lease at 125 Broad St. The transaction represents a consolidation from two other locations.
Gen Re, a subsidiary of Berkshire Hathaway, is one of the world's leading reinsurers, operating through more than 45 offices in 26 countries.
Mitchell Hersh, Mack-Cali president and CEO, said, "We are proud to welcome Gen Re to our portfolio of class A properties. The location and amenities offered by 125 Broad St. make it one of Downtown Manhattan's most premier business addresses."
John Picco, Peter Van Duyne, and Thomas Kaufman, of Cushman & Wakefield represented Gen Re in this transaction. Mack-Cali was represented by Mark Ravesloot, Peter Turchin, Gerry Miovski, Zachary Freeman, and Christopher Levinson, of CB Richard Ellis.
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
