News: Brokerage

Marc and Michael Schoen of Savitt Partners rep tenant in 2,100 s/f lease at 530 Seventh Avenue

LA Movers, a manufacturer of women's outerwear, has committed to 2,100 s/f at 530 Seventh Ave. The owner of the company currently houses another signature brand at the building and wanted to relocate LA Movers to a showroom within the 460,000 s/f property owned by Savitt Partners LLC and located on 39th St. and Seventh Ave. in the Fashion District. The Savitt Partners team of Marc Schoen and Michael Schoen represented LA Movers in the lease negotiations. Bob Savitt acted on behalf of the building ownership. Tenants in the property include Perry Ellis, Max Mara, Chaus, Fire, New Balance, Nike Swimwear, Kenneth Cole, Level 99 and Baby Phat, as well as multi-line showroom reps Point A Showroom, TKE, Lerner Et Cie and Focus Showroom.
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CM&B completes Activate Games’ NYC debut in Union Square

Manhattan, NY Construction Management and Builders, Inc. (CM&B) has completed construction of Activate Games’ first US flagship store in New York City, transforming a historic Union Square retail destination into a 15,000 s/f active gaming experience where players become part of the game.
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Columns and Thought Leadership
Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.
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
Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their