News: Brokerage

Newmark Knight Frank renews 85,000 s/f lease for Mintz Levin

Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C. has renewed its lease for 85,000 s/f of office space at the Chrysler Center at 666 Third Ave. Since establishing its New York presence in 2000 with six attorneys and 34,000 s/f, the firm has grown the office to include 130 employees, including 76 attorneys in a range of practice areas. Included in the firm's new lease, which now extends until 2022, are two options for renewal as well as options for expansion. "The Chrysler Center has been home to Mintz Levin since we opened our doors in New York almost ten years ago," said Stephen Gulotta, Jr., managing member of Mintz Levin's New York office and head of its New York corporate practice. "We are delighted to remain a part of the Chrysler Center community as we continue to build upon the success we have enjoyed here." The Chrysler Center is managed by Tishman Speyer. The brokerage firm was Newmark Knight Frank. "Once the economic framework was set on this transaction, the real estate committee of Mintz Levin, Tishman Speyer and Newmark Knight Frank worked collaboratively in solving the logistical items necessary to accommodate a re-stack in a full building," said Mark Weiss, vice chairman, Newmark Knight Frank.
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AmTrustRE secures 5,754 s/f lease with GKV Architects at 360 Lexington Avenue

Manhattan, NY AmTrustRE has executed a 5,754 s/f lease at its premier boutique Midtown East office tower, 360 Lexington Ave., with longtime partner GKV Architects. The award-winning firm will occupy a portion of the 14th floor. >“GKV Architects has been a trusted partner to AmTrustRE for over two decades, playing an integral role in shaping and elevating several
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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

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A fresh start - by Shallini Mehra and Amit Doshi

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Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver

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