News: Brokerage

Meister of Avison Young reps Meister Seelig in 57,000 s/f lease; Along with Grufferman of Colliers International

Avison Young, one of the world's fastest-growing commercial real estate services firms, revealed the completion of a 57,000 s/f office lease on behalf of law firm Meister Seelig & Fein LLP at SL Green Realty Corp.'s 125 Park Ave., located across from Grand Central Terminal. The lease, which comprises the entirety of floors seven and eight at 125 Park Ave., will accommodate Meister Seelig & Fein's New York City office. The firm currently occupies 38,000 s/f at 140 East 45th St. and will take occupancy of its new space at 125 Park Ave. in 2014 upon completion of its build-out. Avison Young VP Jason Meister represented Meister Seelig & Fein in the transaction, along with Colliers International vice chairman Howard Grufferman. SL Green was represented in house by David Kaufman. Scott Newmark and Robin Topol of Meister Seelig & Fein served as in-house legal counsel for the deal, while Noah Shapiro and Lisa Greenbaum of Haynes and Boone LLP represented SL Green. Known for its architecturally distinct façade and modern interiors, 125 Park Ave. features a contemporary lobby, high ceilings, and updated building systems.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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,

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