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
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,
Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

The state has the authority to seize all or part of privately owned commercial real estate for public use by the power of eminent domain. Although the state is constitutionally required to provide just compensation to the property owner, it frequently fails to account
Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Let’s be real: if you’re still only posting photos of properties, you’re missing out. Reels, Stories, and Shorts are where attention lives, and in commercial real estate, attention is currency.
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