News: Brokerage

Fein of C&W negotiates two leases totaling 9,280 s/f at 50 Broad St.

Manhattan, NY Cushman & Wakefield arranged two leases totaling 9,280 s/f at 50 Broad St.

Cushman & Wakefield’s Jonathan Fein represented the landlord, Fifty Broad Inc., in the transactions.

“We are pleased to welcome FST Technical and Resilient Cities Catalyst to 50 Broad Street,” said Fein. “Both tenants will benefit from the property’s ideal location in the heart of the Financial District, with unparalleled access to public transportation.”

FST Technical, a semiconductor/microelectronics and life sciences service provider, signed a 5,624 s/f lease at the building. The tenant was represented by John LaRuffa, also of Cushman & Wakefield.

Resilient Cities Catalyst, a nonprofit organization, signed a 3,656 s/f lease at the property. The tenant was represented by Sam Steinberg and Gregg Cohen of Cresa.

50 Broad St. is a 20-story, 275,260 s/f office property. The building recently completed renovations including new elevator cabs, updated mechanics and a new lobby. Additional tenants include Made Music, StoreBound and Studio Gang.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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
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