Rosenberg and Rotante of Colliers International arrange 24,000 s/f lease renewal for McAloon & Friedman
Colliers International has arranged a 24,000 s/f renewal at 123 William St. for law firm McAloon & Friedman, PC, extending its lease for the entire 24th and 25th floors. The building is owned by East End Capital Partners, LLC.
"McAloon & Friedman renewed its lease at 123 William St. because its space is attractive and highly efficient and the building offers convenient access to the various courts that relate to its litigation practice," said Marvin Rosenberg, a senior managing director with Colliers, who along with executive managing director Ted Rotante arranged the lease on behalf of the tenant. Brad Gerla and Jonathan Cope, of CBRE, represented the landlord in the renewal.
Rosenberg, who also represented the law firm when it signed its initial lease in the building in 2003, noted that the new ownership is undertaking a major capital improvement program, including elevator upgrades and a recently renovated lobby, which will make the building an even more comfortable and attractive place to work.
McAloon & Friedman is recognized as one of the leading law firms in medical defense work. Its clients include well-known institutions like Bellevue Hospital, Beth Israel Medical Center, Lenox Hill, Montefiore, New York-Presbyterian, NYC Health & Hospitals, NYU Langone, North Shore LIJ, Mt. Sinai, and Continuum Health. The firm has occupied space in the building since 2003.
Manhattan, NY SL Green Realty Corp. completed two office leases totaling 34,564 s/f at 711 Third Ave. The transactions include a 14,598 s/f, 8.5-year renewal lease with Ackman Ziff Real Estate
You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their
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,
Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.
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