News: Brokerage

Tosko and Tighe of CBRE arrange 160,335 s/f lease for Mediaedge

CB Richard Ellis has arranged a 160,335 s/f lease on behalf of Mediaedge at 825 7th Ave. The firm extended its 129,620 s/f lease on floors two through seven. It also acquired an additional 30,715 s/f on the 8th and 9th floors, which Mediaedge will sublease from International Marketing Group (IMG) for four years, followed by a direct lease with building ownership. Gregory Tosko, vice chairman, CBRE negotiated the deal with Mary Ann Tighe, chief executive of CBRE, and Bruce MacAffer, WPP's senior director of real estate. The building is owned by Edward Minskoff Equities and Vornado Realty Trust. Mediaedge now leases the building's entire office portion. Robert Ageloff and Patrick Lennon, of the Staubach Co., represented IMG, while Jeffrey Sussman, of Edward J. Minskoff Properties, represented building ownership.
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Berger and Koicim of Marcus & Millichap sell 17-unit multi-family for $8.8 million

Manhattan, NY Marcus & Millichap negotiated the sale of 207 E. Fourth St., a 17-unit mixed-use multi-family property the East Village. The asset sold for $8.8 million. “This transaction underscores
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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,
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
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.