News: Brokerage

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.

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Columns and Thought Leadership
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
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
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,

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,