News:
Brokerage
Posted: November 28, 2023
Fried Frank advises Weill Cornell on expansion
Manhattan, NY Fried Frank acted as counsel to Weill Cornell Medicine in its lease at 575 Lexington Ave., pursuant to which Weill Cornell Medicine added more than an additional 100,000 s/f to its existing 200,000 s/f premises at the building. Weill Cornell Medicine will lease over 200,000 s/f for a 30-year term pursuant to a leasehold condominium structure. The new space will be home to a clinical practice, expected to open in fall 2025.
The Fried Frank team was led by real estate partner Jennifer Yashar and included real estate special counsel Danielle Frank.
Tags:
Brokerage
MORE FROM Brokerage
SL Green Realty inks 34,564 s/f of leasing at 711 Third Ave.
Manhattan, NY SL Green Realty Corp. completed two office leases totaling 34,564 s/f at 711 Third Ave. The transactions include a 14,598 s/f, 8.5-year renewal lease with Ackman Ziff Real Estate
Quick Hits
 (2).gif)
Columns and Thought Leadership
Artificial intelligence in lending - by Lindsay Mesh Lotito
Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,
Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt
You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their
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
Multi-generational multifamily owners - who’s in and who’s out - by Shallini Mehra and Amit Doshi
Many long-time property owners are divesting from their rent stabilized properties at an increasingly rapid pace. This trend has gained momentum primarily due to the unyielding permanence of rent laws over the past six years and the increasing operating costs that continue to outstrip rent growth. In addition, the judiciary’s elongated timeline in processing evictions and tenant rent challenges,
.gif)