News: Brokerage

Omnibuild leases new office space in Midtown Manhattan

Manhattan, NY A further testament to the city’s recovery as businesses continue to head back to the office, leading construction management firm Omnibuild leased a new office location in Midtown. Omnibuild’s new space is located on the 14th Floor of 141 West 36th St. Formerly located on West 35th St., the firm is building out its new space, which encompasses half a floor, and will relocate in August.

“New York City is the greatest city in the world, and we’re proud to be part of its recovery,” said John Mingione, principal and COO of Omnibuild. “It’s an exciting time to head back to the office and collaborate in person again as we continue to construct and renovate the city’s most transformative buildings.”

A fully modernized building originally constructed in 1911, 141 West 36th St. is a 22-story office tower owned and managed by Brause Realty.

Since its founding in 1994, Omnibuild has become one of the leading mid-sized construction management firms in New York. Specializing in high-rise construction as well as major renovations across the metropolitan area, the firm’s portfolio boasts a range of hospitality, residential and educational buildings.

Recent and ongoing Omnibuild projects include the Marriott Marquis in Times Square, a major renovation project of public spaces; two 35-story twin hotels on West 24th St. and West 28th St.; a 48th Street hotel with over 1,000 guestrooms; and a 550,000 s/f mixed-use residential building, which includes a multi-story school in Queens.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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
Multi-generational multifamily owners - who’s in and who’s out - by Shallini Mehra and Amit Doshi

Multi-generational multifamily owners - who’s in and who’s out - by Shallini Mehra and Amit Doshi

Many long-time property owners are divesting from their rent stabilized properties at an increasingly rapid pace. This trend has gained momentum primarily due to the unyielding permanence of rent laws over the past six years and the increasing operating costs that continue to outstrip rent growth. In addition, the judiciary’s elongated timeline in processing evictions and tenant rent challenges,
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
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,