News: Brokerage

Eriksen of CBRE and Whalen of Fisher Brothers negotiate 175,000 s/f lease with Univision Communications, Inc.

Fisher Brothers has signed a deal with Univision Communications, Inc. for two additional floors at 605 Third Avenue, adding to a deal initially signed last year now totals 175,000 s/f. The new lease, which runs through December 2028, adds the 25th and 26th floors (39,742 RSF) to the earlier lease of the 8th, 11th, 12th, 32nd and 33rd floors (135,697 RSF). The earlier lease was signed in May 2012; the latter on December 31. The Broker was Carl Eriksen at CBRE; Jack Whalen represented Fisher Brothers on the deal. Financial terms were undisclosed.
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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,

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
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