Konsker, Astrachan, and Polhemus of JLL reps Savanna in 6,228 s/f lease at 31 Penn Plaza
NPD Group, has signed a new lease at 31 Penn Plaza, occupying 6,228 rentable s/f on a portion of the 4th Floor for a seven year term. The NPD Group provides global information and advisory services to drive better business decisions. By combining unique data assets with unmatched industry expertise, NPD Group helps clients track their markets, understand consumers, and drive profitable growth. Mitch Konsker, Matthew Astrachan and Matt Polhemus of Jones Lang LaSalle represented the landlord, Savanna, while Adam McCostlin and Dirk Hrobsky of DTZ represented the tenant in this transaction.
Manhattan, NY AmTrustRE has completed the $211 million acquisition of 260 Madison Ave., a 22-story, 570,000 s/f office building. AmTrustRE was self-represented in the purchase. Darcy Stacom and William Herring
The state has the authority to seize all or part of privately owned commercial real estate for public use by the power of eminent domain. Although the state is constitutionally required to provide just compensation to the property owner, it frequently fails to account
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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
Let’s be real: if you’re still only posting photos of properties, you’re missing out. Reels, Stories, and Shorts are where attention lives, and in commercial real estate, attention is currency.