News: Brokerage

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."
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Columns and Thought Leadership
AI comes to public relations, but be cautious, experts say - by Harry Zlokower

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,
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,

Strategic pause - by Shallini Mehra and Chirag Doshi

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
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