Goodman and Sukenik of NKF rep. tenant in 15,500 s/f lease at Tower 49
Mitchell Silberberg & Knupp LLC has opened an office at Tower 49, which is located at 12 East 49th St.Newmark Knight Frank senior managing director Barry Goodman and executive VP and principal Moshe Sukenik represented the Los Angeles-based law firm in lease negotiations for the Midtown space. The firm occupies 15,500 s/f, comprising the entire 30th floor of the 45-story, 600,000 s/f, class A trophy office building.
GVA Williams senior managing director Robert Bakst represented the sublessor MJX Asset Management and building owner, Kato Real Estate Corp., in the transaction.
This office represents Silberberg's first foray into N.Y.C. The office will initially focus in the practice areas of litigation, intellectual property, entertainment and real estate.
Huntington, NY SABRE Real Estate Advisors has completed the sale of six commercial properties across Long Island and Northern New Jersey, further underscoring the firm’s strength as a trusted partner in complex real estate transactions. The deals were led by executive vice presidents Jimmy Aug and Stu Fagen, whose combined expertise continues to drive exceptional results for clients across the region.
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
Lower interest rates and an increased number of loan restructurings will be well received by the commercial real estate industry. Over the past 12 months there has been a negative trend for NOI for many properties across the country.
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
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.