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.
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SABRE coordinates sale of six properties totaling 199,845 s/f

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

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

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