Los Angeles-based real estate investor Sonnenblick-Del Rio Norwalk LLC has signed a new 60,000 s/f lease for the entire third floor at their Norwalk Government Center office building project.
The new building tenant is Accenture LLP, the international consulting and management firm. The new lease is for 11 years, and has a total value of $12 million. The Norwalk Government Center is now 95% leased according to Bob Sonnenblick, managing member of the ownership entity. The tenant was represented by Liron Nelik and Laurie Condon of Studley. The building was represented by John Biven and Melissa Garcia of CBRE.
Manhattan, NY GFP Real Estate closed three office leasing transactions totaling 9,952 s/f at 322 Eighth Ave. in Chelsea, highlighting continued leasing momentum at the recently repositioned office
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.
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
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