News:
Brokerage
Posted: April 22, 2013
CPEX's Muessel, Lee, and Esses reps AllMD Holdings in 5,000 s/f lease
The CPEX N.Y. office leasing team arranged a 5,000 s/f lease of office space at 147 East 26th St. The tenant, Continuum Health Partners' Beth Israel Medical Center cardiology department, leased the entire second floor location, between Lexington and 3rd Aves. in Gramercy. CPEX's managing director David Muessel, associate director Yok Lee, and associate Jacques Esses, represented the sublandlord, AllMD Holdings, in the eight-year lease agreement. Michael Dubin of Savitt Partners represented Beth Israel.
"CPEX is pleased to bring Beth Israel's Cardiology Department to the community," said Muessel. "This important health care center will help improve the quality of life for all nearby residents, as well as all those in Manhattan looking for state of the art care from a top-rated hospital."
Tags:
Brokerage
MORE FROM Brokerage
AmTrustRE completes $211m acquisition of 260 Madison Ave.
Manhattan, NY AmTrustRE has completed the $211 million acquisition of 260 Madison Ave., a 22-story, 570,000 s/f office building. AmTrustRE was self-represented in the purchase. Darcy Stacom and William Herring
.jpg)
Quick Hits
.gif)
Columns and Thought Leadership
Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian
Let’s be real: if you’re still only posting photos of properties, you’re missing out. Reels, Stories, and Shorts are where attention lives, and in commercial real estate, attention is currency.
Lasting effects of eminent domain on commercial development - by Sebastian Jablonski
The state has the authority to seize all or part of privately owned commercial real estate for public use by the power of eminent domain. Although the state is constitutionally required to provide just compensation to the property owner, it frequently fails to account
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
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,
.gif)