Johnson of Fountain Realty Group represents Indus Architect in 2,240 s/f lease at 80 Broad Street; Property owned by Savanna
Savanna, a New York-based real estate private equity firm, arranged the following new lease at 80 Broad St. Indus Architect has signed a new lease at 80 Broad St., occupying 2,240 rentable s/f on a portion of the 16th floor for a seven year term. Indus Architect PLLC is a forensic architectural firm dedicated to providing focused solutions to every client's' construction and design issues. Each client benefits from the careful and thoughtful professionalism put into determining root causes of construction and design defects, and uses this critical information to effect repairs to buildings they take pride in.
Hal Stein, Todd Stracci, and Adam Leshowitz of Newmark Grubb Knight Frank represented the landlord, Savanna, while Jovan Johnson of Fountain Realty Group represented the tenant in this transaction.
Manhattan, NY GFP Real Estate said that Maybern, a financial technology company, has signed a long-term lease expansion at 10 Astor Place, more than doubling its footprint from 11,000 s/f to 30,000
Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,
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
Many long-time property owners are divesting from their rent stabilized properties at an increasingly rapid pace. This trend has gained momentum primarily due to the unyielding permanence of rent laws over the past six years and the increasing operating costs that continue to outstrip rent growth. In addition, the judiciary’s elongated timeline in processing evictions and tenant rent challenges,
When owners are due for a significant Property Improvement Plan (PIP), they must carefully evaluate what the best course of action is. Over the past five years, major hotel brands have become significantly more flexible with their PIP schedules.