Posner of NYCRS brokers two leases totaling 4,064 s/f
Betty Posner of New York Commercial Real Estate Services LLC (NYCRS) has completed two new office leases totaling 4,064 s/f:
* Office space at 183 Madison Ave., Suite 1516: The three-year lease was for a 1,550 s/f unit on the 15th floor. Posner represented the tenant and the landlord was represented by Cushman & Wakefield Inc. The new tenant is William Reed Business Media Inc., founded in 1862 in the United Kingdom, a leading business publisher in the food, drink, leisure, hospitality, cosmetics and pharmaceuticals sectors internationally.
* Medical office space at 20 East 46th St.: A 15-story, 94,000 s/f, full service 24/7 building, situated between Madison and Fifth Aves. in the Grand Central area of Midtown. The 10-year lease was for Unit 800, a 2,514 s/f space. Posner represented the tenant and Corcoran Wexler Healthcare represented the landlord. More than half of the tenants are in the medical field. The new tenant is Nilesh Patel, MD, PC, an Ear, Nose & Throat medical specialist.
Manhattan, NY AmTrustRE has completed the $211 million acquisition of 260 Madison Ave., a 22-story, 570,000 s/f office building. AmTrustRE was self-represented in the purchase. Darcy Stacom and William Herring
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
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,
The state has the authority to seize all or part of privately owned commercial real estate for public use by the power of eminent domain. Although the state is constitutionally required to provide just compensation to the property owner, it frequently fails to account
Let’s be real: if you’re still only posting photos of properties, you’re missing out. Reels, Stories, and Shorts are where attention lives, and in commercial real estate, attention is currency.