News: Brokerage

Giscombe handles two leases totaling 5,500 s/f

Giscombe Realty Group has brokered two leases in Harlem totaling 5,500 s/f. The Consulate General of Senegal has signed a five-year lease for a 4,000 s/f second floor office in a four-story building at 4 West 125th St. The Consulate General's office will move from their current office at 271 West 125th St. (the Bishop Building) to their new location, which will give them more space. The lease also includes an option to renew clause for five years. Jeff Schettino, VP of Giscombe, represented the tenant. The landlord was Harlem Capital Center, LLC and the landlord broker was Jem Realty Management, LLC. Giscombe also represented Roberta Washington Architects, which signed a 1,413 s/f, five-year lease for a sixth floor office at 68 East 131st St., with a five-year option to renew. The architectural firm currently occupies a 1,500 s/f location also at 271 West 125th St. ABS Real Estate Partners' broker Douglas Regal represented the landlord.
MORE FROM Brokerage

Berger and Koicim of Marcus & Millichap sell 17-unit multi-family for $8.8 million

Manhattan, NY Marcus & Millichap negotiated the sale of 207 E. Fourth St., a 17-unit mixed-use multi-family property the East Village. The asset sold for $8.8 million. “This transaction underscores
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Let’s be real: if you’re still only posting photos of properties, you’re missing out. Reels, Stories, and Shorts are where attention lives, and in commercial real estate, attention is currency.
Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

The state has the authority to seize all or part of privately owned commercial real estate for public use by the power of eminent domain. Although the state is constitutionally required to provide just compensation to the property owner, it frequently fails to account
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
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,