News: Brokerage

CSC Real Estate JV at 136 East 57th St.

Manhattan, NY CSC Real Estate (CSC), formed a joint venture at 136 East 57th St., located on the south east corner of East 57th St.and Lexington Ave. in Midtown. The building went through renovations including new facade, new elevators, new mechanical and structural improvements.

“This joint venture acquisition of 136 East 57th St. adds a prime corner asset in a core Midtown location to our growing New York portfolio,” said Alberto Smeke of CSC. 

“This acquisition reflects our continued focus on investing in well-positioned assets where thoughtful stewardship and operational excellence can enhance value over time,” said Sal Smeke of CSC.

CSC specializes in disciplined investment strategies that unlock potential and deliver strong, risk-adjusted returns across urban markets. The firm has a demonstrated track record of acquiring and repositioning underutilized assets, with more than $4 billion in real estate across the U.S. and Mexico under its stewardship.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

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

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
Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their
Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,