News: Brokerage

Savitt Partners signs lease with Hickory Lane Capital Management at 530 Seventh Ave.

Bob Savitt

Manhattan, NY According to Savitt Partners, a full service commercial real estate firm, Hickory Lane Capital Management has signed a lease at 530 Seventh Ave., located between 38th and 39th Sts., in the Garment District.

“This lease showcases the flexible and diverse options we have always offered at 530 Seventh and continue to, especially during a time in which flexibility is a top priority for tenants,” said Bob Savitt, founder and president of Savitt. “530 Seventh is the ideal location for Hickory Lane given its central location, modern amenities and versatile spaces.”

Hickory Lane signed a three-year, 2,100 s/f lease on the seventh floor. The space will serve as the firm’s headquarters.

“My team and I feel incredibly fortunate to have signed our new office lease with Savitt Partners,” said Joshua Pearl, founder of Hickory Lane. “The personal attention we received from Bob and his team to ensure that our space would be up and running for NYC’s pending reopening was truly above and beyond.”

What’s more, Hickory Lane and all tenants have access to Space 530, the office tower’s spacious 30,000-square-foot co-working environment, offering additional office spaces and meeting/conference rooms to name a few.

Brian Neugeboren, Nicole Goetz and Alicia Parente of Savitt represented the landlord. Christina Combias of Voro Real Estate represented Hickory Lane.  

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

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.