News: Brokerage

Majerovsky of Citywide reps tenant in 5,000 s/f lease at 158 W. 29th Street

According to Citywide Properties, Inc., Angelsoft has expanded and will relocate to the entire 11th floor at 158 West 29th St. from East 23rd St. "Although the terms of the lease were undisclosed, the 5,000 s/f space consists of several built window offices, reception area, conference room, work station and new windows with plenty of sunlight," said Sasha Majerovsky of Citywide Properties, Inc., who represented the tenant. Harvey Drucker of BRO Realties, LLC. represented the landlord in-house. Angelsoft is a fast-growing Web 2.0 company founded by David S. Rose, described by Red Herring magazine as "patriarch of New York's Silicon Alley." The offices will also house Rose Tech Ventures, the company's parent venture capital firm, which has funded over 40 startups in the city's rapidly expanding technology sector.
MORE FROM Brokerage

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

Huntington, NY SABRE Real Estate Advisors has completed the sale of six commercial properties across Long Island and Northern New Jersey, further underscoring the firm’s strength as a trusted partner in complex real estate transactions. The deals were led by executive vice presidents Jimmy Aug and Stu Fagen, whose combined expertise continues to drive exceptional results for clients across the region.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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
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
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.
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.