News: Brokerage

Falk of Newmark Knight Frank handles 13,500 s/f lease for Harch

According to The Harch Group, developer of 218 West 18th St. in Chelsea, global consulting firm SY Partners has signed a long-term lease for 13,500 s/f. The building is undergoing a complete renovation, creating a mixed use property. SY Partners is relocating its Eastern U.S. headquarters from 299 West 12th St. to the entire 10th floor of 218 West 18th St. "We are excited to welcome SY Partners to 218 West 18th St., as they are precisely the profile tenant we have been targeting," said Harry Jeremias, principal of The Harch Grp. "By offering innovative amenities and services, we are continuing to attract exciting, growing companies to this prime area of Chelsea, which is at the center of creativity in Manhattan." The Harch Grp. represented itself in the transaction, assisted by Newmark Knight Frank led by executive VP & principal David Falk. Newmark Knight Frank is the exclusive leasing agent for 218 West 18th St. Stuart Siegel of Grubb & Ellis represented SY Partners.
MORE FROM Brokerage

Horvath & Tremblay Announces Strategic Integration of B6 Real Estate Advisors, Expanding New York City Presence

New York, NY Horvath & Tremblay, a premier real estate services firm specializing in investment real estate brokerage, 1031 exchanges, debt/equity placement, and appraisal & valuation services, announced the strategic integration of B6 Real Estate Advisors into the firm’s growing national platform.
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
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,
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,

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