News:
Brokerage
Posted: January 16, 2024
Fried Frank counsels Weill Cornell Medicine in lease at 1334 York Ave.
Manhattan, NY Fried Frank acted as counsel to Weill Cornell Medicine in its agreement to expand its Upper East Side campus and research footprint with a lease of five floors at 1334 York Ave., the current home of Sotheby’s auction house. Located one block from Weill Cornell Medicine’s main campus, the site will add 200,000 s/f of dedicated research space making it the institution’s largest expansion since the Belfer Research Building opened in 2014. Laboratories in the new medical research center, which are expected to open in 2026, will include both dry and wet lab spaces and focus on a breadth of foundational, clinical and translational research, utilizing advanced data science and computational techniques to revolutionize scientists’ understanding of disease.
Tags:
Brokerage
MORE FROM Brokerage
AmTrustRE completes $211m acquisition of 260 Madison Ave.
Manhattan, NY AmTrustRE has completed the $211 million acquisition of 260 Madison Ave., a 22-story, 570,000 s/f office building. AmTrustRE was self-represented in the purchase. Darcy Stacom and William Herring
.jpg)
Quick Hits
Columns and Thought Leadership
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
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,
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
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
.gif)