News: Brokerage

SL Green signs Sun Capital Advisors to full floor at 100 Park Ave.

SL Green Realty Corp. has completed a new 10-year lease agreement at 100 Park Ave. with Sun Capital Advisors, Inc. for the entire 33rd floor comprising 10,750 s/f. 100 Park Ave. is a 36-story, class A building, containing 887,489 s/f. The building is currently undergoing a $70 million redevelopment program that will transform the property into one of the premier Park Ave. office buildings in the Grand Central area. The building has completed a new, two-story atrium lobby and has installed 2,500 new insulated windows. Renovations include a new glass façade, elevator cabs, new HVAC systems, upgraded electric capacity, emergency generator, and security. Clyde Reetz of Cushman & Wakefield represented the tenant in this transaction.
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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