News: Brokerage

SL Green's 125 Chubb Avenue in New Jersey wins BOMA's "Best Renovated Building" of the Year Award

SL Green's "Skyline Drive," a five-story, class A, 278,500 s/f office building at 125 Chubb Ave., situated on an 11.88-acre tract within New Jersey's Meadowlands Corporate Center, has been awarded 2012 BOMA NJ Outstanding Building of the Year Award (TOBY) for the best managed building in the Renovated category. BOMA's annual TOBY's are considered the most prestigious and comprehensive awards in the commercial real estate industry. This honor recognizes Skyline Drive's property management team's excellence in building management, operational efficiency, tenant retention, emergency planning and community impact. "We are thrilled that BOMA has acknowledged the dedication of our on and off-site management team for Skyline Drive," said John Barnes, SL Green senior vice president and senior director, "Now with nearly 170,000 s/f leased, it is a testament to our team's hard work and the building's outstanding amenities that we attract such prominent world-class tenants such as Barnes and Noble, KnowledgePoint 360 Group and Aeropostale." The amenities at Skyline Drive include a concierge service, fitness center, full service cafeteria, outstanding seating area, Wi-Fi, flat screen TV's and music in the main lobby, 24/7 emergency contact line, and an Angus Anywhere online work request system.
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REALM, DelShah Capital and A.M. Properties acquire 377,000 s/f CitySpire office condominium

Manhattan, NY REALM, in partnership with DelShah Capital and A.M. Properties, acquired  CitySpire, a 377,000 s/f office condominium comprising 24 floors within the 70-story tower at 156 W 56th St. in Midtown. Adjacent to Central Park with transit access and amenities, CitySpire is a Class A office asset located in one of the city’s most sought-after office corridors.
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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
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 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
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

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