News: Brokerage

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.
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Columns and Thought Leadership
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,
Navigating the changing landscape of hotel Property Improvement Plans and conversion brands - by Andrew Cameron

Navigating the changing landscape of hotel Property Improvement Plans and conversion brands - by Andrew Cameron

When owners are due for a significant Property Improvement Plan (PIP), they must carefully evaluate what the best course of action is. Over the past five years, major hotel brands have become significantly more flexible with their PIP schedules.
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