News: Brokerage

Futterman, Strauss and Worthman of RKF lease 7,675 s/f to Doral Bank

Robert K. Futterman & Associates (RKF) arranged a 7,675 s/f lease with Doral Bank at 345 Park Ave. South on behalf of RFR Realty. RKF chairman & CEO Robert Futterman, VP Joshua Strauss and director Michael Worthman represented RFR Realty. William Crisp, president of William Crisp Realty, represented Doral Bank. Doral Bank leased 7,675 s/f - 4,044 s/f on the ground floor and 3,631 s/f in the basement on the corner of 26th St. "Doral Bank, based in Puerto Rico, had a location on Park Avenue South several years ago and was interested in reentering the market as part of its overall Manhattan expansion," said Worthman. "345 Park Ave. South offers the bank a prime corner location with strong co-tenancy from other financial institutions." Park Ave. South is home to dozens of restaurants and retailers catering to the area's dense commercial and residential populations. Retailers in the neighborhood include Dos Caminos, Hillstone, Bank of America, Chase, Citibank, Primehouse Restaurant and Barna.
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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
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
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,