News: Brokerage

City Connections Realty hires three veteran brokers: Fields, Goldberg and Jungreis

According to David Schlamm, president of City Connections Realty, Barry Fields, Herb Goldberg and Israel Jungreis have joined the firm's expert commercial sales team. These experienced sales brokers represent an expansion to the firm's commercial division. Barry Fields brings over 25 years of experience in commercial real estate sales, leasing, development and financing. As a former franchise restaurateur, Herb Goldberg employs a unique "hands-on" business approach to the firm. Prior to joining City Connections, Goldberg leased more than 2 million s/f, and has managed over $75 million in sales, directed over 2,000 employees and has negotiated over 70 site leases. With 13 years of real estate experience, Israel Jungreis has leased over 1.3 million s/f of office space through "tenant-oriented" brokerage methods.
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Century Cricket Centre to open first U.S. location near Bryant Park in 14,000 s/f lease

Manhattan, NY Century Cricket Centre, an Australian-backed indoor cricket and sports-tech concept, will open its first U.S. location in a 14,000 s/f at 25 W. 39th St. near Bryant Park following a 15-year lease arranged by Lee
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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
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
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,
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.