News: Brokerage

Mesmer of Colliers International reps landlord in 20,000 s/f lease; Ellman of Ellman Realty reps tenant

Colliers International has arranged a long-term, 20,000 s/f renewal at 122 West 27th St. on behalf of the landlord, The Joseph Rosen Foundation, Inc. The executive offices of Greenwich House will continue operating out of the entire third and sixth floors. "The Upper Chelsea neighborhood has undergone a major transformation over the past decade," said Perry Mesmer, senior managing director with Colliers International, who leads the building's leasing efforts. "Greenwich House brought its executive team to 122 West 27th St. about the time the transformation began and has been a tremendous anchor tenant ever since. We are thrilled they decided to extend their prominent role in the neighborhood's transformation." Located one block from the Fashion Institute of Technology, the former manufacturing building has become a destination for an eclectic mix of tenants, including CoreBrand, Howell Belanger Castelli Architects and Sonic Boom Inc., among others. Marc Ellman, of Ellman Realty Advisors, represented Greenwich House.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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
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,
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
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.