News: Brokerage

TAAF has signed a 6,750 s/f lease

Manhattan, NY According to GFP Real Estate, LLC, The Asian American Foundation (TAAF), a nonprofit dedicated to building a safer, more inclusive future for AAPIs everywhere, has signed a new four-year lease for 6,750 s/f on the 18th floor of 322 Eighth Ave. 

Allen Gurevich of GFP Real Estate represented the landlord, GFP Real Estate in the transaction; Matthew Colavita of GFP Real Estate represented the tenant. TAAF is expected to move into its new space next month following the completion of the firm’s new general and executive offices; the space was previously occupied by Entech Media.

"TAAF is a fantastic organization doing important work, and we’re thrilled they recognized the benefits of being a tenant at 322 Eighth Avenue," said Gurevich. "As the largest landlord of nonprofits in New York City, GFP is committed to providing mission-driven organizations with high-quality, well-located office space that supports their growth and impact.”

Built in 1925 and designed by architects George and Edward Blum in a neo-gothic style, 322 Eighth Ave. is a 21-story, 185,000 s/f office building located in Chelsea. In recent years the building’s entrance and façade were completely remodeled and feature a modern, glass storefront while the building’s marble-floored lobby boasts dramatic vaulted ceilings featuring a mural painted by renowned American artist Thomas Hart Benton, which was recently restored by a specialist from the Metropolitan Museum of Art. 

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
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.
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