News: Brokerage

Cushman & Wakefield secures 10-year, 35,000 s/f lease for Forchelli Curto

According to Cushman & Wakefield, Forchelli, Curto, Crowe, Deegan, Schwartz, Mineo & Cohn, LLP, one of Long Island's most acclaimed and distinguished law firms, has leased 35,000 s/f for its headquarters at The Omni, located at 333 Earle Ovington Blvd. The law firm signed a 10-year lease and will occupy the 10th floor of the 575,000 s/f building, which is owned by RXR Realty LLC. Forchelli Curto will relocate from 330 Old Country Rd. in Mineola. The move is scheduled to take place in late spring /early summer. Ted Stratigos, senior director of Cushman & Wakefield of Long Island represented Forchelli Curto. "We are very excited about the move," said Jeffrey Forchelli, the firm's managing partner. "After an extensive site selection process, we felt that the Omni provided the best opportunity for our expanding operations. This relocation is a part of a long-term, cost-effective approach to ensure our firm's continued success and growth in the region." "The Omni's location is convenient to accommodate the firm's client base in Nassau and Suffolk Counties, as well as those in New York City," said Stratigos. "The Omni was an ideal fit with the firm's image, offering an accessible location in a well-managed, building and what is considered a trophy Long Island office building. RXR's emphasis on quality amenities and attention to details is unprecedented," Stratigos said. Partner Brian Sahn oversaw the firm's selection process, and Sahn and partner Barbara Alesi, spearheaded Forchelli Curto's lease negotiations. The new law office will implement the latest in design and technology for law firms. Affirming the law firm's commitment to maintain an eco-friendly presence, construction of the new offices will also include a multitude of "green" and sustainable construction materials and techniques which are being overseen by a LEED accredited architect. The Omni is a class A, premier multi-tenant office building located in the heart of Nassau County, just east of Garden City, in the desirable Mitchel Field hub. The property is located adjacent to Hofstra University, Nassau Coliseum and Mitchel County Park. "We're thrilled we were able to accommodate Forchelli Curto's existing needs, as well as allow for expansion space as their business continues to grow," said Ken Bauer, executive vice president of leasing for RXR. "The Omni offers tenants the benefits of a strategic location, combined with the best amenities and tenant-directed service in one of the region's most desirable properties." Forchelli, Curto, Crowe, Deegan, Schwartz, Mineo & Cohn, LLP, founded in 1976, is a full service law firm serving a multitude of private and public companies and developers and has a long history of client dedication that has earned it an exceptional record of achievement for delivering innovative solutions through superb legal representation. RXR Realty LLC, is a fully integrated private real estate company with expertise in investment management, development, design, construction, leasing, financing and asset management. RXR's core growth strategy is focused on the markets surrounding New York City. The company is one of the largest owners, managers, and developers in the New York Tri-State Area with $3.5 billion in assets, with over 70 properties comprised of 11.2 million s/f, and $3 billion in development projects. RXR, along with predecessor entities, has owned, managed and developed approximately $6 billion in assets encompassing over 20 million s/f. Cushman & Wakefield is one of the world's largest privately-held commercial real estate services firm. Founded in 1917, it has 227 offices in 59 countries and more than 15,000 employees. The firm represents a diverse customer base ranging from small businesses to Fortune 500 companies .It offers a complete range of services within four primary disciplines: Transaction Services, including tenant and landlord representation in office, industrial and retail real estate; Capital Markets, including property sales, investment management, valuation services, investment banking, debt and equity financing; Client Solutions, including integrated real estate strategies for large corporations and property owners, and Consulting Services, including business and real estate consulting. A recognized leader in global real estate research, the firm publishes a broad array of proprietary reports available on its online Knowledge Center at www.cushmanwakefield.com.
MORE FROM Brokerage

Horvath & Tremblay Announces Strategic Integration of B6 Real Estate Advisors, Expanding New York City Presence

New York, NY Horvath & Tremblay, a premier real estate services firm specializing in investment real estate brokerage, 1031 exchanges, debt/equity placement, and appraisal & valuation services, announced the strategic integration of B6 Real Estate Advisors into the firm’s growing national platform.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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
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,

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