News:
Brokerage
Posted: March 21, 2011
Schindler of Cassidy Turley represents tenant in 11,865 s/f lease
According to Cassidy Turley, Reliance Globalcom Services Inc. has signed a lease at 600 Third Ave. for 11,865 s/f.
Previously, Reliance Globalcom subleased the space on the 7th floor of 600 Third Ave. and remained in the space after the sublease ended through a direct deal with the landlord. They will now occupy 11,865 s/f on the entire 7th floor of the building.
"After a thorough evaluation of the marketplace, 600 Third Ave. proved to be the best building to suit all their needs," said Tim Kucha, ViP at Cassidy Turley. "We were pleased to have assisted them in transitioning from a sublease to a direct lease at 600 Third Avenue to continue to house their sales offices."
Jonathan Schindler, senior managing director at Cassidy Turley represented the tenant. The owner of the building L + L Holdings was represented by themselves.
Cassidy Turley also represented Reliance Globalcom in a deal in Pennsylvania with additional deals pending in Chicago and San Francisco.
Tags:
Brokerage
MORE FROM Brokerage
Liberow and Benshar of Asset CRG Advisors arrange $18.1 million ground lease transaction for 358 Flatbush Ave. development site
Brooklyn, NY Asset CRG Advisors recently facilitated the disposition of 358 Flatbush Ave., a Brooklyn development site situated at the intersection of Park Slope and Prospect Heights overlooking Grand Army Plaza and Prospect Park.
Columns and Thought Leadership
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,
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,
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
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
