News: Brokerage

Gerla, Fiddle, Cope and Higgins of CBRE rep. Capstone in 36,400 s/f lease

"Capstone Equities, owner of 14 Wall St., has signed a new lease for 36,400 s/f with NYU Medical Center," said, Joshua Zamir, managing principal of Capstone Equities. The new lease was signed for a ten year term and the tenant will occupy the entire 10th floor. "This lease evidences the commitment of prime New York City commercial tenants to 14 Wall St., recognizing that their businesses can grow and expand in this landmark building which is superbly located in Lower Manhattan," said Joshua Zamir. NYU Medical Center is expanding their administrative offices to 14 Wall Street in the FiDi (Financial District) neighborhood. In the lease transaction, the tenant was represented by Mark Mandell of Cushman & Wakefield and the landlord was represented by Brad Gerla, Howard Fiddle, Jonathan Cope, and Michael Higgins, of CBRE. "We are excited that 14 Wall Street was able to accommodate this administrative space requirement for NYU Medical Center. We look forward to a successful future in this historic neighborhood in an iconic building offering exceptional value with superior technology and amenities," said Beau Everett, senior director for Real Estate and Housing, NYU Medical Center. 14 Wall St., a landmark building designed by Trowbridge & Livingston, is currently in negotiation for 60,000 s/f of new leases with prospective tenants. The building has leased 170,000 s/f in the previous eight-month period, and the historic lobby is currently under renovation which is scheduled for completion in February, 2008.
MORE FROM Brokerage

REALM, DelShah Capital and A.M. Properties acquire 377,000 s/f CitySpire office condominium

Manhattan, NY REALM, in partnership with DelShah Capital and A.M. Properties, acquired  CitySpire, a 377,000 s/f office condominium comprising 24 floors within the 70-story tower at 156 W 56th St. in Midtown. Adjacent to Central Park with transit access and amenities, CitySpire is a Class A office asset located in one of the city’s most sought-after office corridors.
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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.
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
A fresh start - by Shallini Mehra and Amit Doshi

A fresh start - by Shallini Mehra and Amit Doshi

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