News: Brokerage

Handler represents Lewis Baach PLLC in 7,348 s/f lease renewal

New York, NY  Lewis Baach PLLC, a premier international law firm, is renewing and expanding the size of its first New York City office in the iconic Chrysler Building, located at 405 Lexington Ave. The firm operates in New York as Lewis Baach Kaufmann Middlemiss pllc. Handler Real Estate Organization represented Lewis Baach PLLC in the transaction.  Tishman Speyer, the landlord, was represented in-house. In the new transaction, Lewis Baach signed a renewal for its existing space — the entire 7,348 s/f 62nd floor — while also taking the entire 7,348 s/f 64th floor as expansion space, for a total of 14,696 square feet in the building. Based in Washington, DC, and New York and with additional offices in London and Buenos Aires, Lewis Baach serves leading corporations, insurers, financial institutions, family conglomerates, and public officials on legal issues in regards to internal investigations, financial crimes compliance, white collar representation, international financial disputes, global commercial litigation, and insurance and reinsurance litigation. The tenant will occupy its expansion space in the fourth quarter of 2016. “Lewis Baach appreciates the iconic nature of the Chrysler Building and the property’s first-class management,” said Handler principal and CEO Scott Galin, who along with Darell Handler represented the tenant in the transaction. “The law firm is in expansion mode, and wanted to take larger space in one of the most recognizable office properties in the world, while continuing its relationship with Tishman Speyer, one of New York’s most well-regarded owners.” The Chrysler Building is a 1.2 million s/f art deco masterpiece and part of the two-building Chrysler Center complex on 42nd St. between Lexington and Third Aves. The landmarked, LEED-Gold certified office tower offers expansive base floors, various-sized tower floors, and unparalleled 360-degree views of Manhattan and the outlying area, overlooking the East River, Central Park, Times Square and Grand Central Terminal. Tishman Speyer represented itself in the transaction.
MORE FROM Brokerage

Horvath & Tremblay Announces Strategic Integration of B6 Real Estate Advisors, Expanding New York City Presence

New York, NY Horvath & Tremblay, a premier real estate services firm specializing in investment real estate brokerage, 1031 exchanges, debt/equity placement, and appraisal & valuation services, announced the strategic integration of B6 Real Estate Advisors into the firm’s growing national platform.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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,

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
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,
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