News: Brokerage

CBRE tops CoStar's 2014 Manhattan office leasing list for 18th consecutive year

CBRE Group, Inc. has topped the year-end Manhattan office leasing list of biggest deals for the 18th consecutive year, having been responsible for 25 of the top 50 transactions, according to CoStar, whose list is published in Crain's New York Business. CBRE had three of the top 10 deals, including the biggest deal of the year, the 1,066,132-square-foot renewal of Credit Suisse at 11 Madison Ave. The world's largest real estate services company represented 22 tenant and seven landlord transactions on the overall top 50 list. It was the third-best showing ever by CBRE, which was on 34 deals in 2007 and 28 deals in 2009. The firm's other biggest deals included the fifth-largest transaction of the year, Sony Corporation of America, with 547,996 s/f at 11 Madison Ave., and in eighth place, Mt. Sinai, with 448,819 s/f at 150 East 42nd St. "CBRE is proud to lead CoStar's list for the 18th-straight year," said Matt Van Buren, president of the firm's New York Tri-State Region. "More importantly, though, we are proud to have achieved such results through our intense focus on client outcomes and satisfaction in the world's most competitive and increasingly complex office market, New York City."
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Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

The state has the authority to seize all or part of privately owned commercial real estate for public use by the power of eminent domain. Although the state is constitutionally required to provide just compensation to the property owner, it frequently fails to account
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