News: Brokerage

Rabina signs Texas Capital as new office tenant at 520 Fifth Ave.

Manhattan, NY Rabina, a NYC-based, family-owned real estate investment and development firm, said that Texas Capital, a full-service financial services firm, will be relocating to 520 Fifth Ave., the tallest mixed-use building on Fifth Ave. Texas Capital signed a lease for 6,697 s/f on the 28th floor.

Texas Capital will be joining a growing roster of tenants including Ancient, JAB Holding Co., and a NYC-based biotech hedge fund.

The leasing team for 520 Fifth Ave. includes JLL vice chairmen Benjamin Bass, Paul Glickman, and Frank Doyle; executive managing director Clark Finney; and senior vice presidents Harrison Potter and Robin Olinyk. Paul Ferraro, executive managing director and Matthew Livingston, director at Cushman & Wakefield represented Texas Capital in the deal.

“Texas Capital’s decision to relocate to 520 Fifth Ave. is a powerful endorsement of the vision we are realizing — establishing this address as one of New York’s premier business destinations,” said Josh Rabina, president and CEO of Rabina. 

“Once complete at the end of this year, the building will provide our office tenants with a best-in-class work environment — one designed not only to support business growth but also to embody the ambition and excellence that define Texas Capital as a leading financial institution.”

“Our move to 520 Fifth Ave. is reflective of our commitment to strengthening our growing presence at the heart of one of the world’s most influential financial markets,” said Rob Holmes, chairman, president & CEO of Texas Capital. “With its world-class design and unmatched location, this new office space will provide an exceptional experience for our clients and employees. We look forward to opening our doors to current and future clients in early 2026.”

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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.
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,

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