News: Brokerage

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.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Multi-generational multifamily owners - who’s in and who’s out - by Shallini Mehra and Amit Doshi

Multi-generational multifamily owners - who’s in and who’s out - by Shallini Mehra and Amit Doshi

Many long-time property owners are divesting from their rent stabilized properties at an increasingly rapid pace. This trend has gained momentum primarily due to the unyielding permanence of rent laws over the past six years and the increasing operating costs that continue to outstrip rent growth. In addition, the judiciary’s elongated timeline in processing evictions and tenant rent challenges,
Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence in lending - by Lindsay Mesh Lotito

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,
Navigating the changing landscape of hotel Property Improvement Plans and conversion brands - by Andrew Cameron

Navigating the changing landscape of hotel Property Improvement Plans and conversion brands - by Andrew Cameron

When owners are due for a significant Property Improvement Plan (PIP), they must carefully evaluate what the best course of action is. Over the past five years, major hotel brands have become significantly more flexible with their PIP schedules.
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