News: Brokerage

Fanuzzi and DiSario of NKF broker three leases at W&H's 1350 Broadway

Three new office tenants have signed leases at The Herald Sq. Building, a W&H property at 1350 Broadway, including a law firm, a marketing firm and a financial firm, according to Jonathan Fanuzzi, senior portfolio manager of Newmark Knight Frank (NKF), the building's managing and leasing agent. The new tenants are: * Miskin & Tsui-Yip LLP, a law firm that specializes in intellectual property. Represented by Tom Sullivan of Hunter Realty, the firm leased 3,580 s/f on the eighth floor. * UMarketingLLC, which offers a full range of information-based strategic and creative services on and off-line. The firm, represented by Richard Rosenthal of Grubb & Ellis, leased 3,684 s/f on the eighth floor. * Sequoia Financial Services, which provides professional collection services. Sequoia leased 2,160 s/f on the 24th floor. Ross Zimbalist of CB Richard Ellis represented Sequoia in the lease negotiations. Fanuzzi and Michael DiSario of NKF represented the landlord in the three transactions. "These leases reflect two important trends," said Fanuzzi. "One is the brokerage community's growing interest in The Herald Sq. Building, which stems from the recent addition of the property to the W&H portfolio and its $53 million renovations program, now in progress. The second is the continuing influx of non-fashion companies into the Herald Sq. District." As at other buildings in the W&H portfolio, The Herald Sq. Building's pre-built program has been especially successful. Two of the three new tenants-Miskin & Tsui-Yip and UMarketing-leased pre-built spaces prior to the completion of construction. Situated on the north side of Herald Sq., The Herald Sq. Building at 1350 Broadway contains 25 stories and more than 400,000 s/f. The property's program of capital improvements includes a new lobby, renovated elevators, upgraded building systems, renovated air-conditioned public corridors, and new bathrooms. The building is owned by 1350 Broadway Associates L.L.C, a partnership led by Peter Malkin.
MORE FROM Brokerage

NYSCAR June 2026 president’s message - by Mercedes Brien

As I write this letter, we are preparing to be at the Annual Conference being held at the Rivers Casino, Schenectady, New York. I look forward to reporting on the conference in my next letter. We have some great courses coming up via Zoom. Please be sure to keep watch on upcoming courses by visiting nyscar.org/resources and tools/professional development.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
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,

The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.
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
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