News: Brokerage

Klein of Winoker Realty brokers three leases totaling 16,000 s/f

Elliot Klein, senior VP with Winoker Realty Co., has negotiated three deals totaling 16,000 s/f at 29 West 30th St. Klein represented the building owner, 29 West 30th St. Managers LLC. Cyrus JM Corp. closed a five-year lease for the building's entire fourth floor, which comprises 6,400 s/f. The tenant was represented by Barry Bernstein, senior managing director with Winoker. Oral Arts Prosthetics, Ltd. closed a ten-year deal for the property's entire 11th floor, also measuring 6,400 s/f in size. Isaac Kashanian of Metropolitan Property Group represented the tenant. Patient Focus Medical Examinations, P.C. signed a five-year lease for 3,200 s/f. The medical lab is occupying half of the building's fifth floor. John Najjar of Manhattan Realty Unlimited represented the tenant. 29 West 30th St. is a 12-story office building located between Fifth Ave. and Avenue of the Americas.
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Columns and Thought Leadership
Multi-generational multifamily owners - who’s in and who’s out - by Shallini Mehra and Amit Doshi

Multi-generational multifamily owners - who’s in and who’s out - by Shallini Mehra and Amit Doshi

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,
Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence in lending - by Lindsay Mesh Lotito

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,
Navigating the changing landscape of hotel Property Improvement Plans and conversion brands - by Andrew Cameron

Navigating the changing landscape of hotel Property Improvement Plans and conversion brands - by Andrew Cameron

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.
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