News: Brokerage

Swig Equities arranges five leases at 80 Broad Street totaling 65,320 s/f

According to Kent Swig, president of Swig Equities, LLC, the firm has completed five leases at 80 Broad St. totaling 65,320 s/f. 80 Broad St. is a 36-story, 400,000 s/f commercial office building. "These leases are prime examples of the strong support that 80 Broad St. has in the FiDi office market. We are thrilled by the confidence that existing and new tenants continue to show by virtue of the lease renewals and expansions, as well as the new leases that have been completed," said Swig. "We greatly appreciate the ongoing support from the brokerage community in assisting with many of these transactions." Lease renewals at 80 Broad St. include Aegis Communications Group (represented by Joseph Genovesi and Mark Shapses of Studley) for 25,000 s/f; R.F. Lafferty (represented by David Ofman of The Lawrence Group) for 9,500 s/f; Relocation.com for 3,500 s/f; and HQ Global Solutions (represented by Scott Sloves, Mark Ravesloot and Peter Danna of CB Richard Ellis) for 25,000 s/f. A new lease was signed by accounting firm Omimi & Associates (represented by Sadah Ali of Vicus Partners) for 2,320 s/f. "80 Broad St., like our other commercial properties, provides superb services and excellent commercial amenities which appeal to tenants who desire a prime business location with strong management," said Todd Korren, executive vice president and director of leasing and operations at Swig Equities. "With four deals closed to date in the first four months of 2011 at 80 Broad St., we are optimistic about the strength of the market and the prospects for 80 Broad St. and our other commercial properties. We look forward to building and expanding upon our accomplishments while maintaining our momentum throughout the remainder of the year," said Swig.
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 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.
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
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