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
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
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
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

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

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,