News: Brokerage

Rockrose Development finalize two more deals at 300 Park Avenue South; Leased 26,974 s/f to M. Booth, represented by Rosenthal of Grubb & Ellis

The leasing continues at steady pace at 300 Park Ave. South, an office tower owned by Rockrose Development Corp. that is celebrating its 100th birthday this year with a building-wide makeover. On the heels of finalizing multi-floor space commitments in recent weeks with the Whitney Museum and the Leo Burnett ad agency, Rockrose has leased out three more full floors, bringing the total space leased at the 15-story building to 108,000 s/f in the past few months. The most recent deals involve Rizzoli International Publications which will move this spring from the third floor to the 13,487 s/f fourth floor under a new long-term lease renewal agreement, and public relations firm M. Booth & Associates, which is nearly doubling its existing offices at 300 Park Ave. South by leasing both the 11th and 12th floors comprising 26,974 s/f. Michael Burgio of Cushman & Wakefield represented Rizzoli in its long-term lease renewal. M. Booth was represented in its renewal/expansion move by Richard Rosenthal of Grubb & Ellis. Andy Peretz, Jolien Peters and Mikael Nahmias of Cushman & Wakefield represented the building owner. An owner/builder/manager with a reputation for architectural excellence, sensitivity to neighborhoods, and creative approaches to management, Rockrose Development Corp., founded in 1970, has developed over 10,000 residential units and has built or acquired over 3 million s/f of office space.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
AI comes to public relations, but be cautious, experts say - by Harry Zlokower

AI comes to public relations, but be cautious, experts say - by Harry Zlokower

Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,
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,

Strategic pause - by Shallini Mehra and Chirag Doshi

Strategic pause - by Shallini Mehra and Chirag Doshi

Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent
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