News: Brokerage

City Connections Commercial arranges two leases totaling 11,396 s/f

City Connections Commercial has completed two leases totaling 11,396 s/f. The deals include: * An 850 s/f retail lease on the 1st floor at 1055 Westchester Ave. The tenant is Gem Pawnbrokers Corp. Both the landlord, Simpson West Realty, and tenant were represented by City Connections agent Barry Fields. * A 10,546 s/f lease on the 7th floor of 71 West 23rd St. to Postgraduate Center for Mental Health. The tenant was represented by Jon Fein of Cushman & Wakefield and John Thompson (formerly of Cushman & Wakefield). The landlord, the Trustees of the Masonic Hall was represented by Herb Goldberg and David Schlamm of City Connections.
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Columns and Thought Leadership
Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,
Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

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.
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