Sinon of Newmark Knight Frank arranges three leases - 10,000 s/f
Three financial service firms have signed leases totaling in excess of 10,000 s/f at W&H Properties' 60 East 42nd St., according to John Sinon, director of Newmark Knight Frank, the property's managing and leasing agent. They include:
* JF Capital Advisors, a firm that specializes in hospitality transactions involving the capital markets, and has ownership interests in 21 hotels and three development projects. Glenn Issacson of CB Richard Ellis represented the firm in the lease negotiations.
* Penn Mutual Life Insurance Company, a mutual life insurance firm.
* Hotel Capital Advisors, Inc., a hotel investment advisory and asset manageÂment firm, has renewed its 9th floor premises.
Sinon represented the landlord in all three transactions, along with Brian Waterman of Newmark Knight Frank. There was no tenant representative for the two renewals.
"These leases closely follow others signed by new tenants MetLife and Tokio Marine Asset Management at 60 East 42nd St.," said Sinon. "It's clear that financial service firms are attracted by the convenient location, professional environment and top-tier amenities offered by this trophy property."
Manhattan, NY Century Cricket Centre, an Australian-backed indoor cricket and sports-tech concept, will open its first U.S. location in a 14,000 s/f at 25 W. 39th St. near Bryant Park following a 15-year lease arranged by Lee
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
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,
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
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.