News: Brokerage

Hollander, Kraut and LaManna of CBRE negotiate a 20,556 s/f lease

CB Richard Ellis has arranged a 20,556 s/f lease for Kirby McInerney & Squire LLP, a leading national law firm specializing in consumer and securities fraud, at 825 Third Ave.  Kirby McInerney plans to relocate its offices from 830 Third Ave. and occupy the entire 15th and 16th floors of the 40-story office tower by mid year 2008. The building is owned by The Durst Org. and net leased to global media giant Condé Nast. The CBRE team of David Hollander, Greg Kraut, and Vincent LaManna negotiated the long-term lease transaction on behalf of Kirby McInerney.  CBRE's Kenneth Meyerson and Gregory Tosko acted on behalf of Condé Nast.  "The large floor plates within the building work very well for a law firm and our client was able to benefit from an existing installation," said Kraut. Located on Third Avenue between 50th and 51st Sts., 825 Third Ave. is a class A, boutique office property built in 1969.  The building is centrally located and is in close proximity to numerous major transportation arteries and amenities.
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Columns and Thought Leadership
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
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
The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.
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,