News: Brokerage

Desino of Colliers International represents EDF in 44,010 s/f lease at 257 Park Avenue; Fisher of The feil organization reps in-house

Colliers International has arranged a 44,010 s/f lease renewal for Environmental Defense Fund (EDF) at 257 Park Ave. South, also known as the Gramercy Park Building. "EDF is dedicated to providing a first-class, environmentally friendly center of operations for its employees and its partners," said Alan Desino, an executive managing director with Colliers International, who arranged the renewal on behalf of the tenant. Built in 1912 and located at the corner of East 21st St., 257 Park Avenue South is a 20-story, 226,000 s/f Art Deco building. Nearby sites and attractions include the Old Town Bar and Restaurant, Pete's Tavern, Shake Shack, Baruch College, Gramercy Park Hotel, the Metropolitan Life Insurance Tower, the Flatiron Building, and the Cabrini Medical Center, as well as Gramercy Park, Union Square Park, and Madison Square Park. The buildings owner, The Feil Organization, was represented in-house by Robert Fisher.
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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

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
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,
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