News: Brokerage

Swiger of SL Green handles 30,035 s/f lease renewal for Chicago Title Ins.

According to SL Green Realty Corp., Chicago Title Insurance Company has signed a 10-year lease renewal covering 30,035 s/f on the fifth floor of 711 Third Ave. "We are pleased that Chicago Title has elected to remain with us for the long-term," said Steven Durels, executive vice president and director of leasing and real property for SL Green. "This is the third significant lease renewal this year at 711 Third Ave., the other two were Crain Communications, Inc. for 98,618 s/f and Parade Publications, Inc. for 89,413 s/f." The 20-story, class A, 550,000 s/f tower is located near Grand Central Terminal. Other tenants in the building include Omnicom, Newport News, and Ricoh Corp. Bo Hoban of Orion Realty Group and Joseph Fabrizi of Cushman & Wakefield represented the tenant, while Larry Swiger acted in-house on behalf of SL Green.
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,
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
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
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,