News:
Brokerage
Posted: September 9, 2013
CBRE's Siegel, Bergey, and Bodner rep Jed Root in 10-year 11k s/f lease
CBRE Group, Inc. (CBRE) has completed a 10-year, 11,000 s/f lease of the partial 9th floor at 333 Seventh Ave. on behalf of Jed Root, Inc. Jed Root will relocate from 61 Walker St.
CBRE's Stuart Siegel, Matthew Bergey and Daniel Bodner negotiated on behalf of Jed Root. The landlord, Samco Properties, was represented internally. The asking rent was $40 per s/f.
"Jed Root was attracted to the space by the low price and the opportunity to be in a cool neighborhood," said Bergey.
The 21-story, 200,000 s/f building, known as The Fur Trade Building, is located between 28th and 29th Sts.
Tags:
Brokerage
MORE FROM Brokerage
Devli Real Estate acquires 67,000 s/f flex industrial property on Rte. 17 in Upper Saddle River
Upper Saddle River, NJ Devli Real Estate acquired 118 Rte. 17 North, a 67,000 s/f flex industrial/retail asset situated on 6.3 acres with highway frontage. The property is positioned along
Quick Hits
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,
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
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,
