Levy and Schwartz of Adams & Co. handle 18,324 s/f lease renewal

Adams & Co. Real Estate, LLC brokered an 11-year, 18,324 s/f renewal at 42 West 39th St. for Bluefly, Inc. David Levy and Jeffrey Schwartz of Adams & Co. Real Estate represented the tenant and the landlord. "Bluefly Inc.'s headquarters in the Garment District positions them directly among their client base and it has helped them become one of the most successful online retailers in the world," said Levy, principal of Adams & Co. "We are happy that they have decided to renew their lease at 42 West 39th St. and expect to see more great things from them over the next decade." Built in 1927, the 18-story, 138,788 s/f property boasts a concierge, 24/7 access and is located in the heart of the Garment District. Notable tenants include Perry Ellis International, Bernette Knitwear, Castlewood Apparel, and Wear First, LLC.

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AmTrustRE completes $211m acquisition of 250 Madison Ave.

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Columns and Thought Leadership

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

Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Let’s be real: if you’re still only posting photos of properties, you’re missing out. Reels, Stories, and Shorts are where attention lives, and in commercial real estate, attention is currency.

Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

The state has the authority to seize all or part of privately owned commercial real estate for public use by the power of eminent domain. Although the state is constitutionally required to provide just compensation to the property owner, it frequently fails to account

Lower interest rates and more loan restructuring can help negate any negative trending of NOI on some CRE projects - by Michael Zysman

Lower interest rates and an increased number of loan restructurings will be well received by the commercial real estate industry. Over the past 12 months there has been a negative trend for NOI for many properties across the country.