Mack-Cali arranges four leases totaling 73,486 s/f
Mack-Cali Realty Corporation has completed four lease transactions totaling 73,486 s/f.
* Montefiore Medical Center signed two new 10-year leases totaling 29,850 s/f at South Westchester Executive Park. The transactions consist of leases for 16,650 s/f at 200 Corporate Blvd. South and 13,200 s/f at 6Â Executive Plaza. Mack-Cali was represented in-house by Carol McGuire, senior director of leasing. Â
* JPMorgan Chase Bank, National Association signed a five-year renewal for 15,880 s/f at 11 Martine Ave., White Plains. Mack-Cali was represented in-house by McGuire. Â
* National Union Fire Insurance Company signed a five-year renewal for 14,056 s/f at 555 Taxter Rd., Elmsford. Â Glenn Walsh, Joe Sarno and Jeremy Neuer of Cushman & Wakefield represented the tenant and McGuire represented Mack-Cali.
* Mrs. Green's Natural Market, Inc. signed a new 10-year lease for 13,700 s/f at 300 Executive Blvd., Elmsford. Richard Leroy of Delphi Commercial Properties represented the tenant. Mack-Cali was represented in-house by Ivan Abry, senior director of leasing.
Manhattan, NY AmTrustRE has completed the $211 million acquisition of 260 Madison Ave., a 22-story, 570,000 s/f office building. AmTrustRE was self-represented in the purchase. Darcy Stacom and William Herring
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.
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
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 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.