News: Brokerage

Lebenstein and Kamara of Cushman & Wakefield lease 7,150 s/f

Manhattan, NY Cushman & Wakefield has arranged a 7,150 s/f lease for Anat Gerstein, Inc. at 29 West 38th St. The full-service communications firm will occupy the entire 14th floor.

Cushman & Wakefield’s David Lebenstein and Sayo Kamara represented the tenant in the transaction. The landlord, 29 WEST 38 ASSOCIATES, LLC, was represented by Ben Waller and Elisa Larson from ABS Partners Real Estate.

“We are thrilled to have arranged this lease for Anat Gerstein, Inc.,” said Lebenstein. “This strategic relocation from Long Island City to Midtown Manhattan not only triples their office footprint, but also positions them in a prime location, enhancing accessibility for both employees and clients to further foster growth and innovation within the company.

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