News: Brokerage

Heaner of Kaufman seals two leases: 3,100 s/f

The Kaufman Org., the exclusive leasing agent for 260 West 39th St., has brokered two leases totaling 3,100 s/f. Michael Heaner of Kaufman represented the tenant and the landlord. * Thorn by Nancy Rose signed a three-year lease for 1,500 s/f. The new space will serve as a showroom and an office for the Thorn collection. * Jane Marvel, Inc. signed a five-year lease for 1,600 s/f. The new space will serve as the designer's first independent showroom for the collection. "Both of these emerging fashion companies create collections that appeal to today's consumers," said Heaner. "Housing a showroom in 260 West 39th St. is a perfect way to grow their businesses since many top designers are here. This building is a one-stop shop for many national buyers." Built in 1927 and designed by Margon & Glaser, the 18-story building is located in the heart of the Garment District and is steps away from Times Sq. The building is currently undergoing renovations which include a newly renovated lobby and elevators. It features 24-hour access, on-site security, on-site management and is in close proximity to Penn Station, The Port Authority and all major subway lines.
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
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,