Buslik and Levy of Adams & Co. rep tenant in 4,520 s/f lease; Leon and Cohen of Newmark Knight Frank rep landlord
Adams & Co. Real Estate, LLC has brokered a 10-year, 4,520 s/f lease at 1040 Avenue of the Americas for California-based East West Bank.
East West Bank is a full-service commercial bank serving consumers and businesses throughout the U.S. and in Greater China.
Jeffrey Buslik and David Levy of Adams & Co. Real Estate, LLC represented the tenant while Matthew Leon and William Cohen of Newmark Knight Frank represented the landlord, Garden Homes Development.
"East West Bancorp was looking for space to accommodate their New York commercial banking offices, and the proximity of 1040 Avenue of the Americas to all transportation, Bryant Park and a range of other high-profile international companies, made it an ideal location for their offices," said Buslik.
Built in 1925 and acquired by Garden Homes Development in 2008, this 24-story, 212,000 s/f building features 24/7 access, renovated lobby, new elevators, enhanced onsite security, full concierge service, and high-end pre-build floors and suites throughout. Notable tenants include Ladas & Parry LLP, Update Legal, Archway, Dice, Hoffman Architects, Inc., Sharp Decisions and Valley National Bank.
Adams & Co. Real Estate, LLC is among the top five leasing companies in New York City, as measured by total square feet. The full-service real estate firm is responsible for millions of square feet of office space and provides property management, brokerage and consulting services throughout Manhattan by teaming experience with innovation.
Brooklyn, NY Marcus & Millichap brokered the sale of 733 Dekalb Ave., a fully free-market multifamily and retail property in the Bed-Stuy neighborhood. The asset sold for $2.8 million.
Yes, there are lessons to be learned from the largest companies in America when comes to managing your real estate. But the decision to buy or lease real estate may not be one of
Being a small to midsize landlord in NYC is an increasingly demanding endeavor. From navigating complex regulations, increased compliance demands to dealing with tenant issues and remediating violations. It is wise to enlist the assistance of a partner, a professional
New York’s housing crisis remains a hot button topic despite growing consensus that varied and affordable housing is desperately needed statewide. Governor Hochul has recently introduced several initiatives to overcome N.Y.’s anti-housing
Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.