News:
Brokerage
Posted: January 16, 2024
Cushman & Wakefield arranges three leases at 600 Lexington Ave.
Manhattan, NY Cushman & Wakefield has arranged three long-term leases at 600 Lexington Ave., a 305,472 s/f office building in the Plaza District.
Hollyport Capital, a global secondary private equity funds manager, signed a 6,780 s/f lease on the entire 27th floor.
Wingspire Capital, a middle market-focused specialty finance firm, signed a 4,144 s/f lease on part of the 14th floor.
Meridian Compensation Partners, one of the largest independent executive compensation consulting firms, signed a 4,407 s/f lease on part of the 4th floor.
Cushman & Wakefield’s Harry Blair, Connor Daugstrup and Bianca DiMauro represented the landlord, Lex NY Equities LLC, in the transaction. Hollyport Capital was represented by Newmark’s Tim Gibson and Harry Singer. Wingspire Capital was represented by Savills’ Gabe Marans and Maxine Rosen. Meridian Compensation Partners was represented by Cresa’s Gregg Cohen and Nicholas Markel.
Tags:
Brokerage
MORE FROM Brokerage
Berger and Koicim of Marcus & Millichap sell 17-unit multi-family for $8.8 million
Manhattan, NY Marcus & Millichap negotiated the sale of 207 E. Fourth St., a 17-unit mixed-use multi-family property the East Village. The asset sold for $8.8 million. “This transaction underscores
.jpg)
.gif)
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
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
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,
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.
.gif)