News: Brokerage

Lee & Associates NYC represents LifeSciences Consultants in first US office location in PENN 1

Manhattan, NY Lee & Associates NYC has represented global life sciences strategy consultancy, LifeSciences Consultants, in a new lease at PENN 1. The lease consists of 4,092 s/f on the 20th floor of the building. This is LifeSciences Consultants first office location in the United States, following locations in Milan, Mexico City, and Mumbai.

Woody King and Todd Korren from Lee & Associates NYC represented LifeSciences Consultants. Vornado Realty Trust was represented in-house by Anthony Cugini, Josh Glick, and Jared Silverman. 

“LifeSciences Consultants decided on PENN 1 due to it being an iconic building in the Penn District and they wanted to make a statement given this is their first US location,” said King, managing director at Lee & Associates NYC. “The space was delivered in pristine plug-and-play condition, and PENN 1 offers some of the best amenities in Manhattan, which was an important factor for employee recruitment. Additionally, the building is near Penn Station and Hudson Yards, offering easy and convenient access to visit their clients. It was an absolute pleasure working with the entire Vornado leasing team who really bent over backwards to accommodate the unique needs of our client.”

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

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