News: Brokerage

Hidary of Hidrock Realty brokers 7,200 s/f lease at 12-16 Vestry St.

"Hidrock Realty has arranged a 7,200 s/f lease for Emmy Award-winning production studio Shilo at 12-16 Vestry St. in Tribeca for a term of ten years," said, Abraham Hidary, president of Hidrock. Shilo, a commercial directing collective that focuses on live-action, design and animation, is relocating from 180 Varick St. in Hudson Sq. It will occupy the entire fourth floor in spring 2008. The firm earned an Emmy Award for Outstanding Main Title Design for its work on the main title sequence for Showtime's acclaimed show, Huff. Other Shilo clients include BBDO, HBO, Modernista, MTV, Nike, Cingular, Gap and Scion. This is the third expansion lease that Robert Kaplan, senior director at Hidrock, has arranged on behalf of the tenant since 2004. "The Shilo brand is growing and business is thriving," said Kaplan. "Although the tenant was not actively be looking to move into Tribeca, it was drawn to the full-floor space and the vibrancy of the area." Peter Fontanetta of Trinity Real Estate represented the landlord. Hidrock Realty is a 25-year-old private real estate firm with properties throughout the East Coast. Based in Manhattan, the firm provides fully integrated real estate services, including tenant representation, office and retail property leasing and management, and commercial and residential development.
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Columns and Thought Leadership
Multi-generational multifamily owners - who’s in and who’s out - by Shallini Mehra and Amit Doshi

Multi-generational multifamily owners - who’s in and who’s out - by Shallini Mehra and Amit Doshi

Many long-time property owners are divesting from their rent stabilized properties at an increasingly rapid pace. This trend has gained momentum primarily due to the unyielding permanence of rent laws over the past six years and the increasing operating costs that continue to outstrip rent growth. In addition, the judiciary’s elongated timeline in processing evictions and tenant rent challenges,
Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,
Navigating the changing landscape of hotel Property Improvement Plans and conversion brands - by Andrew Cameron

Navigating the changing landscape of hotel Property Improvement Plans and conversion brands - by Andrew Cameron

When owners are due for a significant Property Improvement Plan (PIP), they must carefully evaluate what the best course of action is. Over the past five years, major hotel brands have become significantly more flexible with their PIP schedules.
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