News: Brokerage

Cinosky of ATCO arranges 8,800 s/f office lease at 373 Park Avenue South

HELP/PSI has leased 8,800 s/f of office space at ATCO Properties & Management's 373 Park Ave. South. "We're delighted to welcome this fine organization to our building," said Kate Goodman, ATCO's senior VP, who expects HELP/PSI to open its Midtown-South doors this fall. John Cinosky, managing director of ATCO Brokerage Services, represented the property owner/manager, ATCO Properties & Management, while Jean Bates, VP of A.C. Lawrence and Co. represented the tenant. Located in the heart of the Flatiron District, 373 Park Ave. South houses the famed Mexican eatery Dos Caminos and is close to Madison Sq. Park and several subway lines. The 12-story building is staffed by 24-hour security personnel. For more information on ATCO, please contact 212-687-5154 or visit the companies' newly designed website www.atco555.com.
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REALM, DelShah Capital and A.M. Properties acquire 377,000 s/f CitySpire office condominium

Manhattan, NY REALM, in partnership with DelShah Capital and A.M. Properties, acquired  CitySpire, a 377,000 s/f office condominium comprising 24 floors within the 70-story tower at 156 W 56th St. in Midtown. Adjacent to Central Park with transit access and amenities, CitySpire is a Class A office asset located in one of the city’s most sought-after office corridors.
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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,

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
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
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.