News: Brokerage

Rochlin of Rochlin Org. and Rubenstein of Ruskin Moscou rep Onyx in 37,224 s/f lease to Deloitte

Onyx Equities, LLC has completed a long-term 37,224 s/f lease renewal agreement at Two Jericho Plaza. Adam Rochlin of The Rochlin Organization and Eric Rubenstein of Ruskin Moscou Faltischek P.C. represented the landlord, Onyx, while CB Richard Ellis' John Nugent, vice chairman, and Raymond Ruiz, senior VP, represented the tenant, Deloitte. "Deloitte decided to sign a long term lease and remain in their current office space due to the facility's excellent and convenient Long Island location and the trophy amenities and services that the property has to offer, including its hands-on property management services which cater to the needs of high-end tenants, such as Deloitte," said Michael Nevins, VP of asset management at Onyx Equities. "We are pleased to have been able to negotiate a lease renewal that met the needs of both parties." Jericho Plaza is a two building 640,000 s/f class A office complex, which is located off Exit 40 of the Long Island Expressway. The building is currently 95% occupied, with tenants including New York Community Bank, RBC Dain Rauscher Inc., The Guardian, Morgan Stanley, IBM, Georgia Pacific, Traveler's Insurance and Capital One Bank.
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REALM, DelShah Capital and A.M. Properties acquire 377,000 s/f CitySpire office condominium

Manhattan, NY REALM, in partnership with DelShah Capital and A.M. Properties, acquired  CitySpire, a 377,000 s/f office condominium comprising 24 floors within the 70-story tower at 156 W 56th St. in Midtown. Adjacent to Central Park with transit access and amenities, CitySpire is a Class A office asset located in one of the city’s most sought-after office corridors.
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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.
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
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
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,