News: Brokerage

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.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
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,
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
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