News: Brokerage

The Feil Organization signs two new long-term leases at 570 Lexington Ave.

Manhattan, NY The Feil Organization signed two new long-term leases totaling 17,100 s/f at 570 Lexington Ave.

The International Federation of Accountants (IFAC), a global organization representing the accountancy profession, will open its new N.Y.C. headquarters on the partial fifth floor, across 12,800 s/f under a 10-year lease. On the 34th floor, Greenberg Gross LLP, a boutique trial law firm, will open its N.Y.C. office with a 4,300 s/f, five-year lease.

Greenberg Gross and IFAC were represented by Jeffrey Peck, Daniel Horowitz, Jacob Stern and Eddy Grigg of Savills. The Feil Organization was represented in-house by Andrew Wiener, Kyle Young and Tim Parlante.

“IFAC establishing its new New York City headquarters at 570 Lexington Ave. demonstrates the long-term value well-located assets offer leading companies,” said Andrew Wiener, head of commercial leasing for The Feil Organization. “Combined with Greenberg Gross, these two leases underscore the momentum behind our leasing efforts and the strength of our repositioning strategy.”

“Finding the right headquarters was essential to supporting our firm’s continued success, and 570 Lexington was the perfect fit,” said Claudio Girolami, director, chief technology officer, information technology at the IFAC. “The building’s location and thoughtfully designed spaces give us the foundation to collaborate, innovate and thrive — ensuring we’re well-positioned to meet the evolving needs of our stakeholders.”

“Opening our new office at 570 Lexington Ave. is a key milestone in the expansion of our firm,” said Brian Williams, managing partner of Greenberg Gross. “The space is ideal for our New York team and clients.”

“Both clients desired quality office space in Midtown from a financially stable landlord, all at competitive pricing,” said Jacob Stern, corporate managing director at Savills. “Feil delivered with the right economics and an above-standard new installation for IFAC and Greenberg Gross.”

Built in 1932, 570 Lexington Ave. is a 450,622 s/f landmarked skyscraper, located in Midtown Manhattan with proximity to public transportation and Grand Central Terminal. 570 Lexington Ave. is surrounded by a selection of corporate landmarks, restaurants, hotels and cultural destinations. A lobby refresh is scheduled for 2026.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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
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