News: Brokerage

Resolution Real Estate leases at 45 West 34th St.

Manhattan, NY Dana Moskowitz, partner, and Jeffrey Zund, executive director/head of leasing of Resolution Real Estate Partners LLC arranged three new leases comprising 12,470 s/f and a 2,000 s/f office expansion at 45 West 34th St.

• Swish Breaks, signed a three-year lease for 3,930 s/f on the eighth floor. 

• Commerce Canal signed a four-year lease for 4,690 s/f on the 10th floor.

• The Arts Connection signed a five-year lease for 3,850 s/f on the 12th floor. 

In addition, long-term tenant PK Engineering signed a five-year extension and expanded its footprint to 2,000 s/f on the eighth floor.

“We are happily moving into the fourth quarter with a flurry of new leasing activity at 45 West 34th St., in addition to a seminal expansion and lease extension,” said Zund. “Clearly, the building’s central location is a factor, but the new tenants were also attracted to the convenience of move-in ready, pre-built space with elevated glass and stone finishes.”

Moskowitz and Zund represented the landlord, 34th St. Commercial Properties, LLC, on all three properties and additionally represented tenants Swish Breaks and Commerce Canal on the new leases, and PK Engineering on the expansion. Ben Epstein of Current RE Advisors represented The Arts Connection.

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