News: Brokerage

Newman and Zaccagnino of W&M expand 5,223 s/f lease

Law firm Eckert Seamans Cherin & Mellott, LLC is expanding its space and extending its lease at W&M Properties' Ten Bank St., according to Jeffrey Newman, executive vice president of W&M Properties, the marketing and managing agent for the building. The firm initially took occupancy of a 2,835 s/f space on the 10th floor. The expansion provides an additional 2,388 s/f, raising total occupancy to 5,223 s/f. In addition, the lease term was extended through 2013. W&M Construction will build out the expanded space for the new tenant. Newman and senior leasing associate Kim Zaccagnino represented the landlord in this transaction. The tenant represented itself.
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Columns and Thought Leadership
Strategic pause - by Shallini Mehra and Chirag Doshi

Strategic pause - by Shallini Mehra and Chirag Doshi

Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent
AI comes to public relations, but be cautious, experts say - by Harry Zlokower

AI comes to public relations, but be cautious, experts say - by Harry Zlokower

Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,
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,