News: Brokerage

CresaPartners tenant representative for Cystic Fibrosis Foundation during relocation

CresaPartners recently served as tenant representative for The Northeastern New York Chapter of the Cystic Fibrosis Foundation during their site search and relocation. The foundation's regional office now occupies approximately 1,300 s/f at 16 Wade Rd. After a canvass of the market, CresaPartners identified a location where the landlord offered a primarily full-service rent. The predictability of this type of lease was an ideal match for the budgeting needs of a non-profit. CresaPartners negotiated a lease package that came in under the budget line allocated by the chapter's national organization. Driven by the expiring lease, CresaPartners' was also able to streamline their market search and lease negotiations to meet the client's tight timeline. "CresaPartners was instrumental in meeting the needs of the Cystic Fibrosis Foundation of Northeastern New York as we partnered to identify new office space. CresaPartner's expertise proved beneficial as we were able to quickly identify suitable office space that not only meets our needs but is also a cost savings to our organization," said Jenn Hyde, senior director - development. The Cystic Fibrosis Foundation is the world's leader in the search for a cure for cystic fibrosis. It funds more CF research than any other organization, and nearly every CF drug available today was made possible because of Foundation support. The foundation's focus is to support the development of new drugs to fight the disease, improve the quality of life for those with CF, and ultimately to find a cure.
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REALM, DelShah Capital and A.M. Properties acquire 377,000 s/f CitySpire office condominium

Manhattan, NY REALM, in partnership with DelShah Capital and A.M. Properties, acquired  CitySpire, a 377,000 s/f office condominium comprising 24 floors within the 70-story tower at 156 W 56th St. in Midtown. Adjacent to Central Park with transit access and amenities, CitySpire is a Class A office asset located in one of the city’s most sought-after office corridors.
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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,

A fresh start - by Shallini Mehra and Amit Doshi

A fresh start - by Shallini Mehra and Amit Doshi

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The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

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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
The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

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