CresaPartners completes lease renewal for Phillips Lytle

Phillips Lytle, LLP, a 175-year old, Buffalo-based law firm with offices across New York State, recently renewed their lease and expanded their footprint in downtown Albany. CresaPartners served as their tenant representative. CresaPartners conducted an extensive site search and analysis, which established a competitive environment between downtown locations and suburban sites that offered more parking. CresaPartners' comprehensive research and negotiation process obtained favorable lease terms and even more significantly, reduced the client's overall costs below their prior lease term. Phillips Lytle was founded in 1834 by Orasmus Marshall and is now a pre-eminent New York State law firm with clients ranging from family businesses or startups to Fortune 500 companies. The firm's practice includes representation on the national stage in areas such as litigation, telecommunications, bankruptcy and intellectual property. CresaPartners is an international corporate real estate advisory firm that exclusively represents tenants and specializes in the delivery of fully integrated real estate services.

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Meridian Capital Group arranges 10-year retail lease for Mess at 236 West 10th St.

Manhattan, NY According to Meridian Capital Group, Jordan Langer, Noam Aziz and Carson Shahrabani of the firm’s retail leasing team have arranged a five-year lease at 236 West 10^thSt. in Greenwich Village

Houlihan Lawrence Commercial sells residential development site for $2.1 million

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The Feil Organization signs 15-year, 46,000 s/f renewal with Thompson Coburn LLP at 488 Madison Ave.

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C&W arranges 16,051 s/f lease at 125 Broad St. to Harris Trzaskoma

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Rand Commercial announces $9 million sale of former Kaplan School property

Columns and Thought Leadership

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

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

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