News: Brokerage

Friedman of Lee & Associates NYC arranges 65,068 s/f lease

Alan Friedman, Lee NYC

New York, NY Alan Friedman, executive managing director, of Lee & Associates NYC has arranged a 15-year, 65,068 s/f lease on the entire 31st and 32nd floors at Vornado Realty Trust’s 909 Third Ave., a 33-story building, for the headquarters of Sard Verbinnen & Co (SVC), a leading strategic communications firm with eight offices in the United States, Europe and Asia. The firm is moving its New York office from a 50,000 s/f space at 630 Third Ave. in the Grand Central market.

“With eight offices in key markets around the world, SVC has a global reach,” said Friedman, who represented the tenant. “This new lease will enable SVC to meet their current and future needs, which is essential in light of their continuing growth.”

SVC offers an array of communications services including corporate positioning, mergers and acquisitions, crisis communications, public affairs, corporate governance, litigation support and investor relations. Founded in 1992, the firm has more than 200 employees.

Vornado Realty Trust was represented in-house by Edward Riguardi and Ryan Levy.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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
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
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,