News: Brokerage

Newmark Associates honored with 2013 CoStar Power Broker Award

Newmark Associates, Inc., one of New Jersey's most respected and successful commercial real estate firms, has received from CoStar Group, Inc. the 2013 Power Broker Award - ranking Newmark as one of the "best of the best" for several, consecutive years. Identifying top players across the U.S. in five categories, CoStar presents the prestigious, annual award to firms and individuals who have achieved the highest volume of sales and leases in over 90 markets nationwide. Newmark ranked this year as one of the top players in the sales and leasing categories among companies with five times the sales force. Certified as a woman-owned business by the Women's Business Enterprise National Council, Newmark Associates, Inc. is also registered as a Supplier Diversity provider. Their clients range now from regional, entrepreneurial firms to Fortune 500 companies.
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Century Cricket Centre to open first U.S. location near Bryant Park in 14,000 s/f lease

Manhattan, NY Century Cricket Centre, an Australian-backed indoor cricket and sports-tech concept, will open its first U.S. location in a 14,000 s/f at 25 W. 39th St. near Bryant Park following a 15-year lease arranged by Lee
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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.
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
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,