News: Brokerage

Levy of Adams & Co. Real Estate brokers 13,978 s/f lease for Manhattan Business Interiors, Inc.

Adams & Co. Real Estate, LLC inked a 13,978 s/f lease at 48 West 37th St. for Manhattan Business Interiors, Inc. Manhattan Business Interiors signed a 10-year, 5,296 s/f lease and renewed their 8,682 s/f lease. David Levy principal of Adams & Co. represented the landlord, Forty Eight Thirty Seven Associates, and the tenant. Although the details of the transaction were not disclosed, asking rent was $36 per s/f. Manhattan Business Interiors plans to use the space for general and executive offices. Manhattan Business Interiors, Inc. is a general contracting and construction management firm, providing clients with the highest standard of service for mission critical, interior construction and building core & shell. "48 West 37th St. offers tenants expansive office space in a well-maintained and established building," said David Levy. "With a central location in the Transit Triangle, this building is ideal for Manhattan Business Interiors and their growing brand." Built in 1926, 48 West 37th St. is an 18-story, 57,750 s/f building with 24-hour access and features new windows throughout. Notable office tenants include ASI System Integration, John Murray Architects, Ismael Leyva Architects, and MBI.
MORE FROM Brokerage

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.
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
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.
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
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,