News: Brokerage

Gersten Savage renews 10-year 19,616 s/f least at 600 Lexington Ave.

Gersten Savage LLP, one of New York's top five independent law firms, has renewed its 10-year lease for 19,616 s/f at 600 Lexington Ave. and is completing approximately $1 million in capital improvements. As part of the renovation, the firm is adding several new works to its modern art collection. Working with architectural firm MDKA, Gersten Savage, which has over 50 employees, has reconfigured its space over the firm's two floors to provide greater functionality. In addition to new workstations, lighting and furniture, the firm has upgraded computer systems and installed wireless technology. Gersten Savage, which specializes in securities regulation, general corporate law and finance, is celebrating its 30th anniversary this year as an independent firm. "With the decision to remain in our current space, we felt the timing was right to undertake a significant renovation," said Jay Kaplowitz, the firm's managing partner. "Enhancing our offices has also provided another way to mark the milestone of our 30th anniversary." To complement the renovation, the firm is augmenting its collection of more than 50 works by modern American artists including Roy Lichtenstein, Ed Baynard, John Newman, Louisa Chase and Alexis Rockman. Several new works by artists Alfred Jensen, Tim Rollins and K.O.S., and William Brice will be added to the collection. Works are displayed in Gersten's offices on a rotating basis, and are loaned to local galleries and other venues for exhibit.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
A guide to finding the right NYC property management company - by Sanjay Gandhi

A guide to finding the right NYC property management company - by Sanjay Gandhi

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
Positive forecast for New York’s pro-housing push? - by Philip Butler

Positive forecast for New York’s pro-housing push? - by Philip Butler

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
Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt

Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt

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
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

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.