News: Brokerage

SL Green signs Kauff McGuire & Margolis to 17,320 s/f lease at 810 Seventh Ave.

Manhattan, NY According to SL Green Realty Corp., Kauff McGuire & Margolis LLP has signed a new 10-year, 17,320 s/f lease at 810 Seventh Ave. covering the entire 33rd floor.

This lease follows other recent leases with Mirae Asset Securities, Berkley Research Group, BOND NY RE Corp and Bragar, Eagel & Squire covering almost 100,000 s/f.

“We’re very pleased to welcome Kauff McGuire & Margolis to 810 Seventh Ave.,” said Steven Durels, executive vice president and director of leasing and real property at SL Green. “The building has recently enjoyed significant leasing success due to a combination of new tenant leases and existing tenant expansions resulting from organic growth and accelerated return to office policies.”

810 Seventh Ave. is a class A office building located in the Plaza District. Designed by architects Kahn & Jacobs, the building features tower floors with six corners and Central Park views, a new Convene-operated conference center and a 200+ on-site parking garage.

The tenant was represented by Peter Trivelas, Justin Royce and Justin Sodokoff of Cushman & Wakefield, and the landlord was represented by Harry Blair, Tara Stacom, Barry Zeller, and Pierce Hance of Cushman & Wakefield.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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.
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,
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