News: Brokerage

Levy of Adams & Co. brokers 9,658 s/f lease for Beth Israel Medical Ctr.

Adams & Co. Real Estate brokered an eight-year, 9,658 s/f renewal at 317 East 34th St. for Beth Israel Medical Center, which serves as the Beth Israel Hand Surgery Center. The fully-leased property is also known as the Medical Arts Center. The resident doctors of the center are Dr. Charles Melone, Dr. Steven Beldner and Dr. Daniel Polatsch. The Beth Israel Medical Center also hosts the Albert Einstein Hand Surgery Fellowship Training Program to teach and encourage young doctors to specialize in the field of hand surgery. David Levy, principal of Adams & Co., represented both the tenant and the landlord. "Beth Israel is one of New York City's premier hospitals and the Medical Center at 34th St. is world-renowned for hand surgery," said Levy. "It was very important to keep Beth Israel in their existing space and we are pleased to have them as a tenant for eight more years." Built in 1910, the 12-story building is also known as the Medical Arts Center. Adams & Co. Real Estate, LLC is among the top five leasing companies in New York City, as measured by total s/f. The full-service real estate firm is responsible for millions of square feet of office space and provides property management, brokerage and consulting services throughout Manhattan by teaming experience with innovation.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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
Navigating the changing landscape of hotel Property Improvement Plans and conversion brands - by Andrew Cameron

Navigating the changing landscape of hotel Property Improvement Plans and conversion brands - by Andrew Cameron

When owners are due for a significant Property Improvement Plan (PIP), they must carefully evaluate what the best course of action is. Over the past five years, major hotel brands have become significantly more flexible with their PIP schedules.
Multi-generational multifamily owners - who’s in and who’s out - by Shallini Mehra and Amit Doshi

Multi-generational multifamily owners - who’s in and who’s out - by Shallini Mehra and Amit Doshi

Many long-time property owners are divesting from their rent stabilized properties at an increasingly rapid pace. This trend has gained momentum primarily due to the unyielding permanence of rent laws over the past six years and the increasing operating costs that continue to outstrip rent growth. In addition, the judiciary’s elongated timeline in processing evictions and tenant rent challenges,
Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,