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.
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Columns and Thought Leadership
A fresh start - by Shallini Mehra and Amit Doshi

A fresh start - by Shallini Mehra and Amit Doshi

For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced
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
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,

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.