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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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
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
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.
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,