News: Brokerage

Ungari of Two Trees Mgmt. reps landlord in 1,678 s/f DUMBO lease

According to Two Trees Management Co., the Cave Canem Foundation has moved to 20 Jay St. in DUMBO. The new DUMBO space provides the foundation with four times more space than its former SoHo premises, making it much more accessible to all participants and to the community. Cave Canem signed a three-year lease for 1,678 s/f in suite 310-A of 20 Jay St. Natalie Ungari, associate director of leasing at Two Trees Management represented the landlord and E.L. Martin Partners, LLC represented the tenant in this lease. "We are very excited to welcome this thriving literary organization to DUMBO," said Ungari. "Cave Canem will be right at home in our cultural hub of creative talent and energy." Two Trees Management Co. owns most of the neighborhood of DUMBO. The company's holdings include 13 buildings and the second largest portfolio of commercial space on the waterfront, which spans 3 million s/f.
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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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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,

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