News: Brokerage

Rudin Management negotiates two leases: 22,229 s/f

Rudin Managment Co. has completed two leases totaling 22,229 s/f. My Publisher, a business that outgrew its space at Rudin's 641 Lexington Ave., has entered into a 10-year lease for a new eco-friendly, 8,729 s/f pre-built unit at Rudin's 845 Third Ave. Publicis Healthcare Communications Group has renewed its 13,500 s/f full floor lease at 41 Madison Ave. Publicis was represented by Joseph Thanhauser, chairman, and Gordon Ogden, principal of Byrnam Wood, LLC. Acknowledging that tenant retention has long been a hallmark of his company's business philosophy, Bill Rudin, president of Rudin Management Co., the operating arm of the Rudin Family holdings, also expressed delight at the strong response by space users to his firm's growing pre-built program. "Offering environmentally friendly, beautifully finished office space that's ready for a tenant to move into without any outlay of construction or design costs on its part is something that is extremely appealing, particularly in the current economic climate," he said, adding that his company remains strongly committed to "greening" the pre-built marketplace and offering environmentally sound pre-built units in many of its office buildings around the city. Rudin Management Co. is a full service real estate organization serving the interests of the Rudin Family, which owns and manages one of the largest private property portfolios in New York City. Among its commercial real estate holdings are 16 office buildings containing approximately 10 million s/f of space and 22 apartment buildings composing over four million s/f of residences.
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Columns and Thought Leadership
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
Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Let’s be real: if you’re still only posting photos of properties, you’re missing out. Reels, Stories, and Shorts are where attention lives, and in commercial real estate, attention is currency.
Lower interest rates and more loan restructuring can help negate any negative trending of NOI on some CRE projects - by Michael Zysman

Lower interest rates and more loan restructuring can help negate any negative trending of NOI on some CRE projects - by Michael Zysman

Lower interest rates and an increased number of loan restructurings will be well received by the commercial real estate industry. Over the past 12 months there has been a negative trend for NOI for many properties across the country.
Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

The state has the authority to seize all or part of privately owned commercial real estate for public use by the power of eminent domain. Although the state is constitutionally required to provide just compensation to the property owner, it frequently fails to account