News: Brokerage

Skyline Dev. completing capital improvements at 1040 Ave. of the Americas

Skyline Developers is completing a multi-million dollar program of capital improvements at 1040 Avenue of the Americas, a 24-story, 256,000 s/f office building in the Midtown area. The 24-hour attended lobby has been enhanced with new decorative fabric panels and a Wall St. Journal video wall. Improvements will also include new elevator cabs and upgraded building systems throughout. A complete gut renovation of the 9th, 10th and 11th floors is underway. These floors will be pre-built office suites ranging from 3,500 to 12,000 s/f with glass walled conference rooms, tenant-controlled HVAC, fully operable windows and pantries with stainless appliances. Newmark Knight Frank is the leasing agent. Skyline Developers LLC who recently completed development of the Peter Marino designed residential condominium at 170 East End Ave. and the conversion of 37 Wall Street into a luxury rental that houses Tiffany & Co. at its base, is a Manhattan-based affiliate of privately held Garden Homes Development, one of the largest homebuilders in the nation. Garden Commercial Properties, also an affiliate, owns and manages over 20 million sq. ft of commercial properties in 37 states nationwide.
MORE FROM Brokerage

AmTrustRE secures 5,754 s/f lease with GKV Architects at 360 Lexington Avenue

Manhattan, NY AmTrustRE has executed a 5,754 s/f lease at its premier boutique Midtown East office tower, 360 Lexington Ave., with longtime partner GKV Architects. The award-winning firm will occupy a portion of the 14th floor. >“GKV Architects has been a trusted partner to AmTrustRE for over two decades, playing an integral role in shaping and elevating several
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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.
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