News: Brokerage

Okun of CBC Alliance arranges 21,945 s/f office expansion for comiXology

For the third time since 2007, Michael Okun, a senior managing director at Coldwell Banker Commercial Alliance (CBC Alliance), has helped comiXology relocate to larger space commensurate with the speed of the digital comics platform's growth. The new 21,945 s/f offices that Okun found at 512 Seventh Ave., between 37th and 38th Sts., were plug-and-play ready and fully furnished with exposed ceilings and surrounded by windows. "My clients are visionaries in their market and have grown so quickly that we more than tripled their space this time," said Okun. "Last year, comiXology was ranked as the number three top-grossing iPad app, and the only one to stay on the top 10 list from the year before. Their new offices will work perfectly for them." Prior to signing the seven-year lease at 512 Seventh Avenue, comiXology had a 7,500 s/f office at 159 West 25th Street. Representing the landlord were Matthew Feigen and Michael Dreizen, senior managing director, and Matthew Feigen, associate director, Newmark Grubb Knight Frank.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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,

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.
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
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