News: Brokerage

Real estate tech tips: www.MrOfficeSpace.com

In keeping with the spirit of free services, this month we explore a site that flies under the radar in the investment sales world, albeit widely recognized by leasing agents throughout the city. MrOfficeSpace.com is a service that I have used over the years for a quick study of specific office buildings and what office and retail space is being offered out at in a given area. While CoStar remains a staple in the industry, MrOfficeSpace.com has remained a popular alternative with its easy to use interface. This listing service allows you to search for available space for free in over 11 major commercial real estate markets and according to the website it features over 1.5 billion s/f of office space and other commercial property. Listings are updated daily to provide brokers and other building owners with the latest building information and available spaces in most of the major office buildings throughout Manhattan; also included are maps, aerials, building photos and basic information. You can search for space offerings by selecting a specific region, market, submarket and space type (i.e. office, retail direct or sublet). Punch in your desired space size and price range and up come the search results. The advanced features allow you to further refine your desired criteria and receive email alerts on your saved searches. Founders and pioneers Henry and Yale Robbins, true gentlemen, have been in the publishing business for over 20 years and have provided the industry with assorted publications that have benefited us all at some point. Having had the pleasure of meeting the Robbins brothers several times over the years, I always walked away amazed at the meticulous detail and planning that goes into their work. If you are on a tight budget and need to get a quick handle on a specific building or what market rents are going for, check out MrOfficeSpace.com today. Send comments and suggestions to [email protected] Laurence Ross is a senior executive broker of the Platinum Team and co-founder of PropertyRover.com, New York, N.Y.
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Columns and Thought Leadership
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.
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,
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