News: Brokerage

Studley brokers two lease renewals totaling 109,576 s/f in Manhattan

Studley has completed two leases totaling 109,576 s/f. The deals include the following: * Genzyme has chosen to renew its area headquarters lease at 521-33 West 57th St., a property owned by an affiliate of Himmel + Meringoff Properties, LLC. The company has renewed its 98,000 s/f on the fifth and sixth floors for 10 years. Studley's David Dusek, senior managing director; Peter Capuciati, executive VP; and Alex Blue, managing director, represented Genzyme in the renewal. Mark Stein, senior VP and director of leasing and Farrell Virga, president of Meringoff Properties Inc., acted in-house for the lease negotiations on behalf of the landlord. The attorneys were: LeeAnn Baker Esq., Edwards Angel Palmer & Dodge for the tenant, and Robert Sorin, Esq. from Fried Frank for the landlord. * Mentor Partners, which has been based at 500 Park since 1994, has renewed its 11,576 s/f lease on the sixth floor of the 11-story office building. Studley's senior managing directors Craig Lemle and Greg Taubin represented Mentor. David Kleiner and Frank Doyle of Jones Lang LaSalle represented landlord Morgan Stanley. Studley is the only global tenant advisory firm with a pure tenant representative delivery platform. Founded in 1954, Studley pioneered this conflict-free business model. Today, with 19 offices nationwide and an international presence through its London office and AOS Studley throughout Europe, Studley provides strategic real estate consulting services to top-tier corporations, law firms, nonprofits, government agencies and institutions of higher education. Information about Studley is available at www.studley.com.
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,
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
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.