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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Tri-state capital  migrates nationally amid  regulation pressure - by Reese Weaver

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

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

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

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,