News: Brokerage

ERG signs lease at 183 Lenox Avenue in Harlem

ERG Property Advisors arranged the lease signing of 183 Lenox Ave. in Harlem. The property is located on Lenox Ave., on the corner of 119th St. The lease is for 10 years with 5% annual increases. Broker Seamus Rhatigan said, "The tenant has strong ties with the community and is looking to help develop the area." The tenant is a famous hairstylist and works for multiple celebrities in the music and entertainment industry. He is planning on expanding his talents to serve the local community as well as providing a great on site location to welcome his current clients.
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OPEN Impact Real Estate secures 77,000 s/f lease of former Catholic School

Brooklyn, NY OPEN Impact Real Estate (OPEN) has arranged a 15-year lease totaling 77,000 s/f for Launch Expeditionary Learning Charter School, part of Launch Schools, securing one of the city’s few available purpose-built educational
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Columns and Thought Leadership
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
Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.
Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their