News: Brokerage

EVO Real Estate Group arranges three commercial deals in Midtown Manhattan totaling 5,000 s/f

EVO Real Estate Group has brokered three office lease deals on Fifth Avenue in Midtown Manhattan, according to Dana Moskowitz, president of the firm. The transactions totals 5,000 s/f. The three deals - all brokered at least in part, if not solely by EVO's Elliot Klein - encompass: * The entire 2,500 s/f third floor of 381/383 Fifth Avenue, leased by hair-care and beauty company Cadiveu North America Corp for a five-year term. The space will serve as headquarters for the firm's North American operations. David Youngsworth of Redwood Property Group represented the tenant. The aggregate rental for the space is $485,604. * A five-year lease at 276 Fifth Avenue for a 1,396 s/f third-floor suite for Collegiate Church Corp., a not-for-profit organization representing a collective of four like-minded churches throughout the city. The aggregate rental for the space is $272,200. Klein was the sole broker involved in the deal. *A five-year renewal, also at 276 Fifth Avenue, for Dwight Johnson Design, a full-service event production and branding firm. The aggregate rental for the tenant's 1,600-square-foot seventh-floor space is $360,000. Klein was the only broker involved. "Commercial activity remains vibrant on Fifth Avenue in Midtown" said Klein. "With myriad restaurant and hotel options, not to mention major tourist attractions, this is a can't-miss area for growing businesses." The landlords for 276 Fifth Avenue and 381/383 Fifth Avenue are 276 Managers LLC and Eljan Properties, respectively.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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
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
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.
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,