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.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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,

Strategic pause - by Shallini Mehra and Chirag Doshi

Strategic pause - by Shallini Mehra and Chirag Doshi

Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent
AI comes to public relations, but be cautious, experts say - by Harry Zlokower

AI comes to public relations, but be cautious, experts say - by Harry Zlokower

Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,
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