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.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
AI comes to public relations, but be cautious, experts say - by Harry Zlokower

AI comes to public relations, but be cautious, experts say - by Harry Zlokower

Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,
Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

The state has the authority to seize all or part of privately owned commercial real estate for public use by the power of eminent domain. Although the state is constitutionally required to provide just compensation to the property owner, it frequently fails to account
Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Let’s be real: if you’re still only posting photos of properties, you’re missing out. Reels, Stories, and Shorts are where attention lives, and in commercial real estate, attention is currency.
Strategic pause - by Shallini Mehra and Chirag Doshi

Strategic pause - by Shallini Mehra and Chirag Doshi

Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent