News: Brokerage

Transwestern secures office leasing assignment for Olympic Tower

Transwestern's New York office has been awarded the exclusive office leasing assignment for Olympic Tower. The class A, Plaza District building owned by Olympic Tower Associates is located at 645 Fifth Ave. and consists of 400,000 s/f of office space. Transwestern's Patrick Robinson, Harry Seherr-Thoss, Debra Larsen and Lauren Davidson are leasing agents for the property. "Securing a trophy agency assignment is an important milestone for our New York expansion," said Robinson, Transwestern's Northeast president. "We look forward to working with Olympic Tower Associates and Harry Seherr-Thoss, who recently joined Transwestern, to enhance the marketing and leasing profile of Olympic Tower." Olympic Tower is comprised of 18 floors of office space with most floors totaling approximately 23,000 square feet. Located on Fifth Avenue between 51st and 52nd Sts., the building offers one of the most desirable addresses in the Plaza District with expansive views of Fifth Ave., Rockefeller Center and the spires of St. Patrick's Cathedral. Olympic Tower is headquarters to Richemont/Cartier in the U.S. and to the National Basketball Association. One of the building's distinguishing features is a redesigned public atrium, which houses the Onassis Cultural Center, a leading venue for presenting ancient, byzantine and modern Hellenic art and culture. Building amenities include new multi-tenant hallways and restrooms, redesigned high-speed elevators, an enhanced building security system, full-time concierge service, an advanced energy control system and supplementary air conditioning availability.
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REALM, DelShah Capital and A.M. Properties acquire 377,000 s/f CitySpire office condominium

Manhattan, NY REALM, in partnership with DelShah Capital and A.M. Properties, acquired  CitySpire, a 377,000 s/f office condominium comprising 24 floors within the 70-story tower at 156 W 56th St. in Midtown. Adjacent to Central Park with transit access and amenities, CitySpire is a Class A office asset located in one of the city’s most sought-after office corridors.
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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.
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,

A fresh start - by Shallini Mehra and Amit Doshi

A fresh start - by Shallini Mehra and Amit Doshi

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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

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