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."
Brooklyn, NY Marcus & Millichap brokered the sale of 733 Dekalb Ave., a fully free-market multifamily and retail property in the Bed-Stuy neighborhood. The asset sold for $2.8 million.
Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.
New York’s housing crisis remains a hot button topic despite growing consensus that varied and affordable housing is desperately needed statewide. Governor Hochul has recently introduced several initiatives to overcome N.Y.’s anti-housing
Being a small to midsize landlord in NYC is an increasingly demanding endeavor. From navigating complex regulations, increased compliance demands to dealing with tenant issues and remediating violations. It is wise to enlist the assistance of a partner, a professional
Yes, there are lessons to be learned from the largest companies in America when comes to managing your real estate. But the decision to buy or lease real estate may not be one of