News: Brokerage

Laura Pomerantz Real Estate, LLC appointed exclusive agent for 1557 Broadway

Laura Pomerantz Real Estate, LLC, a global real estate firm providing customized retail, office and investment real estate strategies that enhance brand equity, has been appointed the exclusive leasing agent for 1557 Broadway, in cooperation with David Escava. "We are thrilled to represent this landmark building located in the center of Times Square," said Laura Pomerantz, founder and president. "With its extensive amount of divisible space, the building offers a unique opportunity for smaller retailers to finally enter the Times Square market, while it also provides the ideal space for a larger retailer looking to open a flagship in the area." At the heart of the Bow-tie, 1557 Broadway totals 21,292 s/f (ground floor, second floor, third floor and basement) and offers the only divisible space on the market in Times Square. In addition to the Times Square address, tenants are offered three levels of illuminated signage, including lower and upper billboards, a stand-up on top of the building and a street-level zipper. With 30 million visitors to the area every year, the building is located opposite the new TKTS Booth at Duffy Square and new pedestrian plaza. Only steps away from the theater, neighboring hotels include The Marriott Marquis and The W, with retailers including American Eagle Outfitters, Levi's and Forever 21.
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,

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