News: Brokerage

Thomas named senior vice president of Cresa New York

Cresa New York has appointed Eric Thomas senior vice president. Thomas has worked in commercial real estate brokerage for over 12 years, focused exclusively on tenant representation. His most recent position was vice president at Cassidy Turley, where he built a strong foundation for integrating financial, HR, technological, capital allocation and demographic/labor needs to create optimum business and real estate solutions. Serving as a director at Staubach, Thomas was responsible for overseeing business development and client management for regional and national accounts focused in the financial services and related industries. He is also a former assistant director at Studley where he was involved in $250 million of leasing and structured-finance deals. Thomas' local and national clients include Hardesty & Hanover LLP, Metropolitan College of New York, Federal Savings Bank, The Monitor Group, New York Marine & Mutual, Random House, Fox Interactive Media, Natexis (formerly CDC IXIS), and People's United Bank. "Eric is an expert on the Manhattan marketplace, known for providing exemplary services to a variety of N.Y.C. tenants, as well as to national corporate clients," said Mark Jaccom, president and managing principal of Cresa. "His understanding of businesses enables him to structure and create transactions that complement tenants' financial and strategic drivers." Thomas is active in various charities, including the Museum of Modern Art and the Whitney Museum of American Art. He graduated cum laude from Skidmore College, Saratoga Springs, NY, with a Bachelor of Arts degree in political science. About Cresa Cresa is an international corporate real estate advisory firm that exclusively represents tenants and specializes in the delivery of fully integrated real estate services, including: Transaction Management, Project Management, Corporate Services, Portfolio Strategies, Location Planning, Lease Administration, Capital Markets, and Facilities Services. With more than 57 offices, Cresa is the largest tenant representation firm in North America. Through its partnership with Savills, one of the world's largest commercial real estate services firms, Cresa covers more than 255 locations in 40 countries. For more information, visit www.cresa.com. ###
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.
Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,
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