News: Brokerage

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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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,

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
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,
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