News: Brokerage

Equity Office names CBRE the exclusive leasing agency of record at 44 Wall Street

Zachary Freeman, Equity Office Zachary Freeman, Equity Office
New York, NY Equity Office has named commercial real estate services firm CBRE Group, Inc. the new agency of record representing 44 Wall St., the company’s newly acquired office building in Downtown Manhattan. Built in 1927, 44 Wall St. is a 24-story office tower located between William and Nassau Sts. Acquired in June 2016 from Norwegian investment firm Obligo, Equity Office plans to modernize the building including remodeling the lobby and constructing multiple pre-built floors. Milo Kleinberg Design Associates, Inc. (MKDA) and principal Dan Shannon of MdeAS Architects have been hired to execute. “Located in the heart of the financial district, 44 Wall St. is a prime asset,” said Zachary Freeman, vice president of leasing at Equity Office. “The office tower is uniquely positioned to accommodate both traditional tenants in law and finance as well as clients in the growing tech and media sectors. We’re confident that partnering with CBRE Group will help us achieve our vision of modernizing 44 Wall St., while simultaneously keeping its historical charm.” The CBRE/44 Wall St. team includes vice chairman Howard Fiddle, executive vice president Adam Foster, senior vice president Michael Rizzo, senior associate Zachary Price and senior financial analyst Caroline Merck. “Our team is fully committed to bringing our expertise in asset enhancement to 44 Wall St.,” said Foster. “We are excited to partner with Equity Office to reimagine the physical space and attract both emerging and established reputable companies.” CBRE has been the leader in commercial real estate in New York City for more than a quarter century. The company serves the diverse needs of property owners, corporate users and institutions—helping them to achieve their objectives in expansion, consolidation, acquisition, disposition or asset enhancement. CBRE’s comprehensive services and delivery platform has set the benchmark for the industry.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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
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.
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
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,