News: Brokerage

Spitalnick of Kaufman reps tenant, MX Telecom in 6,596 s/f sublease

The Kaufman Org. brokered a four-year, 6,596 s/f sublease at 180 Varick St. for MX Telecom. Arthur Spitalnick of Kaufman represented the tenant, while Steven Marvin, executive managing director of Olmstead Properties, represented the sublessor. "MX Telecom was looking to expand and move from Brooklyn to Manhattan. The office at 180 Varick St., which was built out and furnished, was the perfect space for this company. The panoramic views and location in the Hudson Sq./SoHo neighborhood secured the deal for this firm," said Spitalnick. 180 Varick St. was built in the 1920s. The 350,000 s/f building has been owned and operated by the same owners for over 85 years. Tenants include Morgan Stanley, Office of Metropolitan Architects, and ImClome Systems Incorporated.
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Columns and Thought Leadership
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
Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

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
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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 in lending - by Lindsay Mesh Lotito

Artificial intelligence in lending - by Lindsay Mesh Lotito

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