News: Brokerage

Chang and Greenspan of the Kaufman Org. rep the tenant in 7,000 s/f lease

The Kaufman Org. brokered a five-year, 7,000 s/f lease at 38 West 21st St. for 10th Street Entertainment. Yvonne Chang and Grant Greenspan of Kaufman Organization represented the tenant, while Thomas Jacobs and Doug Rice of Rice & Associates LLC represented the landlord. Additionally, there was a negotiation for $100,000 in landlord cash contribution for tenant improvement "The new address is ideal for the expansion of 10th Street Entertainment. The loft will provide the management team and the artists with a great space and location in Chelsea," said Chang. "We're looking forward to watching 10th Street continue to grow with more great artists." 38 West 21st St. is a 12-story building in Chelsea. The building has an attended and air conditioned lobby with 24 hour elevator access. Spaces within the building are ideal for offices and lofts. The Kaufman Organization, with 100 years experience and 5.2 million square feet of owned or managed space, has long been considered one of the most prominent and well-respected real estate companies in the New York metropolitan area. The company offers a fully integrated spectrum of leasing and management services to diverse owners and tenants and is continually looking to build its portfolio through property acquisitions.
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Columns and Thought Leadership
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,

The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
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