News:
Brokerage
Posted: April 26, 2022
Stacom of CBRE leads team in $266m deal between A&E Real Estate and Equity Residential
Manhattan, NY A CBRE team led by Darcy Stacom, chairman of NYC Capital Markets, arranged the $266 million sale of a 354-unit apartment tower at 140 Riverside Blvd. on the Upper West Side to NY-based apartment investor A&E Real Estate on behalf of the seller, Equity Residential.
“140 Riverside Blvd. is a stand-out in the New York market, situated both waterfront and park-front with direct access to the Hudson River Park system,” said Stacom, who partnered with team member Ryan Silber on the transaction. “The property has been meticulously maintained and is truly excellent real estate – as this transaction validates.”
The tower includes commercial space leased to the Dwight School and a veterinarian as well as amenities, including a gym, interior courtyard and multiple tenant lounges. It offers views of the Hudson River and is close to Lincoln Center, Columbus Circle, and Central Park.
Tags:
Brokerage
MORE FROM Brokerage
Delisle and Monahan of Island Associates lease 45,000 s/f to Giunta’s Meat Farms at Strathmore Commons
Middle Island, NY Roger Delisle and Robert Monahan of Island Associates negotiated the lease for the Giunta’s Meat Farms to occupy 45,000 s/f at Strathmore Commons.
.jpg)
.gif)
Columns and Thought Leadership
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
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.
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,
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
.gif)