News: Brokerage

Cushman & Wakefield lease 66,000 s/f at Cohen Brothers' 622 Third Avenue

According to owner/developer Charles Cohen, Cooper Square Realty, Inc. has signed a long-term lease for 66,000 s/f at 622 Third Ave They leased the entire 14th and 15th floors and a portion of the 16th floor at the 39-story tower. Mark Jaccom and Mark Friedman of Colliers International represented Cooper while the Cushman & Wakefield team of Bruce Mosler, Arthur Mirante, Joseph Cabrera and David Glassman, exclusive agents for the property, along with David Nevins of Cohen Brothers, represented owner. "We're delighted that discriminating space users, and in this case one of New York's leading real estate firms, continue to be attracted to our buildings," said Cohen, president and CEO of Cohen Brothers Realty Corp. Cooper Square's property portfolio is comprised of more than 400 condominiums, cooperatives, and rental properties with an aggregate value of over $5 billion. The company manages over 60,000 residences that are home to more than 200,000 people, including distinctive lifestyle properties, luxury residential towers, new developments, prewar landmark buildings, and apartment complexes. The tower at 622 Third Ave. has been the beneficiary of upgrading, including major improvements to its outdoor plaza, lobby and public spaces from plans by noted architectural firm Moed de Armas & Shannon. Thomas Balsely & Associates served as landscape architect for the outside public spaces and lighting of the building was designed by Howard Brandston. Cohen heads a multi-faceted real estate development company that owns and manages over 12 million s/f of Manhattan, West Side Los Angeles, Houston and Florida Galleria commercial space. In addition to 622 Third Ave., his other New York properties include 623 Fifth Ave., 135 East 57th St., International Plaza at 750 Lexington Ave., 3 East 54th St., 805 Third Ave., 3 Park Ave., 475 Park Ave. South, and the D&D Building at 979 Third Ave.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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,

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
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

July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.
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