News: Brokerage

Marans of Savills Studley reps tenant in 9,248 s/f lease at the Trump Organization's 40 Wall Street

As Downtown office leasing continues unabated, Cammack Retirement Group, an investment advisory, consulting and actuarial firm, will soon relocate to 40 Wall St., a.k.a. the Trump Building, in a transaction brokered by global commercial real estate services firm Savills Studley. The investment firm has signed a 9,248 s/f lease comprising the entire 56th floor. The company is currently located at 2 Rector St. and expects to move by the spring. Savills Studley associate director Gabe Marans, one of the firm's top-producing associate brokers with more than 1.5 million s/f in transaction volume, negotiated the lease on behalf of Cammack Retirement. The transaction continues to build on Cammack's strategic plan in Lower Manhattan. "Over the last four years we have completed three deals for Cammack, two of which were short-term and designed to maximize their market leverage and pair with their optimal business conditions. Cammack's new space at 40 Wall St. allows the firm to move into a modern, full-floor layout where the ownership will be delivering a brand new building installation," Marans said. Marans represented the tenant, while Jeffrey Lichtenberg of Cushman & Wakefield represented the landlord, the Trump Org., in negotiations. Founded in 1965, Cammack Retirement, formerly Cammack LaRhette, provides investment advisory and consulting services on programs with assets totaling more than $67 billion. The firm has offices in Manhattan and Wellesley, MA.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
AI comes to public relations, but be cautious, experts say - by Harry Zlokower

AI comes to public relations, but be cautious, experts say - by Harry Zlokower

Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,
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
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
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.