News: Brokerage

Kadosh, Nero, DeSano and Young of CBRE Group acts for Chrysler Group in 110,000 s/f lease

CBRE Group, Inc. has represented Chrysler Group LLC in the 110,000 s/f lease of auto showroom space at 629 West 54th St. Chrysler Group was represented by CBRE's Michael Kadosh and Jedd Nero locally, and by Jeff DeSano and Scott Young, in Detroit. The lease was a direct deal with the Friedland Estate, landlord, for 629 West 54th St. "This property is located in a highly sought after market for auto dealerships and we are thrilled to have represented Chrysler Group in securing this new location," said Kadosh, vice president, CBRE New York Tri-State Retail Services Group. Chrysler Group will be taking the former Audi space at 629 West 54th Street. Audi, which was represented by Kadosh and Nero in the purchase of 698 11th Ave., has moved into their new facility.
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Columns and Thought Leadership
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.
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
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,