News: Brokerage

Levy and Greenberg of Adams & Co. broker six leases totaling 6,588 s/f

David Levy and Michael Greenberg of Adams & Co. have brokered six deals 110 W. 40th St. totaling 6,588 s/f. The deals include: * A five-year, 2,051 s/f lease to Hestiun Capital Inc. Levy and Greenberg of Adams & Co. represented the landlord while Winoker Realty Co. represented the tenant. * A five-year, 1,603 s/f lease to Goldstein Co. CPA. Levy and Greenberg represented the landlord and the tenant. * A three-year, 1,089 s/f lease to W Design Studio Ltd. Levy and Greenberg represented the landlord and the tenant. * A five-year, 974 s/f lease to Empire Textiles, LLC. Levy and Greenberg represented the landlord and the tenant. * A 498 s/f lease to Beaders Sportswear Ltd. Levy and Greenberg represented the landlord and the tenant. * A 373 s/f lease to Terryland Corp. Levy and Greenberg represented the landlord and the tenant. The 26-story, 129,808 s/f property is located near Bryant Park and has 24-hour access. Recent renovations include new elevators and a new lobby. Notable tenants include Belmont Freeman Arch., Nu Image and FRP Apparel. Retail tenants include Croton Reservoir Tavern and Hightone Cafe.
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REALM, DelShah Capital and A.M. Properties acquire 377,000 s/f CitySpire office condominium

Manhattan, NY REALM, in partnership with DelShah Capital and A.M. Properties, acquired  CitySpire, a 377,000 s/f office condominium comprising 24 floors within the 70-story tower at 156 W 56th St. in Midtown. Adjacent to Central Park with transit access and amenities, CitySpire is a Class A office asset located in one of the city’s most sought-after office corridors.
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Columns and Thought Leadership
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
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
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,