News: Brokerage

Waterman, Fanuzzi, Frey and Ozarowski of NKF arrange 3,025 s/f lease

Daroth Capital LLC, parent of investment bank DC Advisors, has leased 3,025 s/f of office space at 130 East 59th St., a 17-story, 220,000 s/f Plaza District office tower located on the southwest corner of East 59th St. and Lexington Ave. A Newmark Knight Frank (NKF) agency leasing team comprised of Brian Waterman, executive VP and principal; Jonathan Fanuzzi, managing director; Brandl Frey, director; and Brent Ozarowski, associate director, represented building ownership. Daroth Capital was represented by William Hartman and Eric LaCoursiere, both with the midtown office of Cushman &Wakefield. Daroth Capital leased a pre-built space on the partial 12th floor of the building. Owned and partially occupied by the UJA-Federation of New York, 130 East 59th St. underwent a capital improvement program in 2007. The $100 million effort was overseen by Swanke Hayden Connell Architects. Ownership also engaged architectural and interiors firm MKDA.
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