News: Brokerage

Highbridge Capital Mgmt. leases 110,000 s/f at LeFrak's 40 West 57th St.

In a midtown office leasing transaction, Highbridge Capital Management, LLC has taken the top five floors comprising 110,000 s/f of space at LeFrak Organization's 34-story office tower at 40 West 57th St. for its new headquarters. Highbridge, which has offices in several midtown buildings, including 9 West 57th St., expects to move into its new facilities in spring of 2009. The deal all but completes the releasing of the seven floors that Bank of America will be vacating at 40 West 57th St. at the end of this year. "Attracting such an outstanding financial organization to our building is a fitting culmination to a painstaking renovation and repositioning effort that has transformed 40 West 57th St. into one of the Plaza District's premiere addresses," said Richard LeFrak, chairman and president of the LeFrak Organization. A Cushman & Wakefield team led by vice chairman Franklin Speyer represented Highbridge Capital while Howard Fiddle, vice chairman of CBRE, who leads the agency leasing team for 40 West 57th St., represented the landlord.
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,

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
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,