News: Brokerage

Studley arranges two leases at Silverstein Properties' 120 Broadway totaling 96,000 s/f

Studley has arranged two leases totaling 96,000 s/f at The Equitable Building, 120 Broadway. Metropolitan Council on Jewish Poverty (Met Council), one of New York's largest human services agencies, has taken 51,000 s/f - the entire seventh floor - at the building. The organization will move from 47,500 s/f at 80 Maiden Ln. when the lease commences. Met Council cites the benefits of the increased efficiencies of a full floor presence as the key driver in its decision to move. Studley's Marc Shapses, Ira Schuman and Bruce Rothman represented Met Council. The landlord, Silverstein Properties, was represented in-house by Roger Silverstein and Joseph Artusa. In addition, Strategies for Wealth, an investment advisory firm, has signed a lease for 45,000 s/f and will consolidate its 25,000 s/f office location at 140 Broadway, and its 7,500 s/f office location at 75 Broad, at the new location. 120 Broadway's access to transportation was a key consideration in the move. Studley's Shapses and Joe Messina represented the client. Silverstein was represented in-house by Silverstein and Artusa. About Studley Studley is the leading commercial real estate services firm specializing in tenant representation. Founded in 1954, Studley pioneered the conflict-free business model of representing only tenants in their commercial real estate transactions. Today, with 22 offices nationwide and an international presence through its London office and AOS Studley, a partnership with Paris-based AOS, Studley provides strategic real estate solutions to top-tier corporations, not-for-profit organizations and law firms. Information about Studley is available at www.studley.com. ***
READ ON THE GO
DIGITAL EDITIONS
Subscribe
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 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
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