News: Brokerage

Miovski and Finkelman of CBRE arrange 16,500 s/f lease HealthSTAR

CB Richard Ellis has negotiated a 10-year, 16,500 s/f lease at 902 Broadway on behalf of HealthSTAR Public Relations, a firm that specializes in healthcare marketing and public relations. It will occupy the entire 11th floor. "HealthSTAR is a growing public relations agency, that very much wanted to remain in the Union Sq. neighborhood," said Gerry Miovski, senior VP, CBRE, who arranged the deal along with associate Barry Finkelman. "Their clients are some of the largest companies in the world, including the giants of the pharmaceutical industry, such as Bayer and GlaxoSmithKline." Constructed in 1930, the 330,000 s/f building is located between 20th and 21st Sts. in the Flatiron District. Other tenants there include MKDA Architects Design and Bayard Advertising Agency. Perry Mesmer and Marty Meyer, of GVA Williams, represented the landlord, 902 Broadway Associates.
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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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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
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
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,