News:
Brokerage
Posted: October 11, 2022
Lee & Associates NYC reps. Lucid in 39th Floor lease at 295 Madison Avenue
New York, NY Lee & Associates NYC has represented Lucid Management and Capital Partners LP (“Lucid”), a specialized fixed income asset management firm, in a 3,900 s/f lease for office space at 295 Madison Ave. Lucid will occupy the entire 39th floor as its global headquarters. Lee & Associates NYC previously represented the firm in 2021 when they moved into this space as a subtenant and have now arranged a direct lease with the building’s ownership.
A Lee & Associates team of Alan Friedman and Woody King represented Lucid in the transaction. The landlord, Eretz Group, was represented by Nick Mok.
“In the heart of the Midtown financial district, 295 Madison Ave. proved to be the perfect location for Lucid Management—providing access to everything they might need and allowing ample square footage for continued growth of their $2.6 billion asset management business,” said Friedman, executive managing director of Lee & Associates NYC. “Following a successful year subleasing this space, the firm can officially call it home.”
Located in the 45-story Lefcourt Colonial Building, 295 Madison Ave. is situated off 41st St. near several major transit hubs including Grand Central Station, as well as the Bryant Park, and Herald Square subway stations.
Tags:
Brokerage
MORE FROM Brokerage
Williams Equities leases 100,000 s/f at 470 Park Avenue South
Manhattan, NY Williams Equities leased 100,000 s/f of office and retail space at 470 Park Avenue South since acquiring the building 18 months ago.
Columns and Thought Leadership
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
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.
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
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