News:
Brokerage
Posted: December 4, 2009
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.
Tags:
Brokerage
MORE FROM Brokerage
Liberow and Benshar of Asset CRG Advisors arrange $18.1 million ground lease transaction for 358 Flatbush Ave. development site
Brooklyn, NY Asset CRG Advisors recently facilitated the disposition of 358 Flatbush Ave., a Brooklyn development site situated at the intersection of Park Slope and Prospect Heights overlooking Grand Army Plaza and Prospect Park.
Quick Hits
Columns and Thought Leadership
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,
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
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
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
