News: Brokerage

McDermott of JF Real Estate handles three leases totaling 1,813 s/f

JF Real Estate, a full-service commercial real estate brokerage firm, located at 2 Clinton Sq., brokered three retail leases totaling 1,813 s/f in the Armory Sq. section. The deal included the following: * Couture Closet leased 813 s/f at 327 West Fayette St. Couture Closet is relocating from their current location in Liverpool by June 1. * Empire Brewing Co. leased 500 s/f at 120 Walton St. Empire Brewing leased the first floor Walton St. location as a private dining room for special events. * David's Studio lease 500 s/f at 120 Walton St. David's Studio is relocating from their current Warren St. location by June 1. Martin McDermott, senior vice president at JF Real Estate represented the landlords on all three transactions. JF Real Estate is a multifaceted real estate brokerage company. Along with their affiliates, JF Real Estate provides an array of skills and services including brokerage, development, tenant & owner representation, site selection, space planning, architecture, design, construction, financing, and building management.
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REALM, DelShah Capital and A.M. Properties acquire 377,000 s/f CitySpire office condominium

Manhattan, NY REALM, in partnership with DelShah Capital and A.M. Properties, acquired  CitySpire, a 377,000 s/f office condominium comprising 24 floors within the 70-story tower at 156 W 56th St. in Midtown. Adjacent to Central Park with transit access and amenities, CitySpire is a Class A office asset located in one of the city’s most sought-after office corridors.
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Columns and Thought Leadership
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.
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
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,