The Durst Organization signs 114,767 s/f to Bank of America
According to The Durst Organization, Bank of America has extended their lease by 10 years for 114,767 s/f at 1133 Ave. of the Americas. Bank of America occupies five full floors at the top of the building which feature magnificent views and light.
"We are delighted Bank of America is extending their lease at 1133 where a $10 million building enhancement program was completed in 2013." said Jonathan Durst, president of The Durst Organization.
Bank of America was represented by CBRE's chairman Robert Alexander, senior associate Ryan Alexander, first vice president Ramneek Rikhy and senior associate Emily Jones. The Durst Organization was represented in-house by senior vice president of leasing Tom Bow and vice president of leasing Rocco Romeo.
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.
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.
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