News: Brokerage

Gang, O’Toole & Waldman of Lee NYC execute lease for BerlinRosen: 7,000 s/f

Manhattan, NY Gregory Gang, executive managing director/principal, Catherine O’Toole, executive managing director/principal, and Ari Waldman, director of Lee & Associates NYC have arranged a six-and-a-half-year, 7,000 s/f sublease on the fourth floor at 15 Maiden Ln. for BerlinRosen. 

The public relations and strategic communications firm is already an anchor tenant at 15 Maiden Ln., with office space currently spread across the 11th, 15th and 16th floors. This new partial fourth floor lease represents an addition to their existing office space in the building.

With offices in New York City, Los Angeles and Washington D.C., BerlinRosen offers a variety of public relations services including public affairs, media training, campaign consulting as well as digital and social media. Their clients work across industries with some examples being Samsung, Cornell University, Lyft and the Waldorf Astoria.

“BerlinRosen had found a perfect fit at 15 Maiden Ln. but the growing team needed more space,” points out Gang, who represented the sublandlord along with O’Toole. “Their staff will now be able to enjoy 7,000 s/f of additional space as well as all of the building amenities and conveniences of the Financial District location, to which they have become accustomed.”

The subtenant, BerlinRosen, was represented by Ari Waldman of Lee NYC. The building owner is Heller Properties. BerlinRosen will move into the fourth floor space in spring 2019. Asking rents in the building are $42 per s/f.

MORE FROM Brokerage

NYSCAR June 2026 president’s message - by Mercedes Brien

As I write this letter, we are preparing to be at the Annual Conference being held at the Rivers Casino, Schenectady, New York. I look forward to reporting on the conference in my next letter. We have some great courses coming up via Zoom. Please be sure to keep watch on upcoming courses by visiting nyscar.org/resources and tools/professional development.
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 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,

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.