News: Brokerage

Weil Gotshal commits to 35,000 s/f Brooklyn office

Global law firm Weil, Gotshal & Manges LLP plans to expand from its New York City headquarters by opening a new 35,000 s/f office in downtown's MetroTech Center. In a move that underscores the firm's commitment to its staff and the future of the city, Weil will take a significant block of space in 15 MetroTech, one of the newest buildings within the MetroTech Commons-a major presence in the downtown area. The office will house several of the firm's staff groups, including employees in information systems, finance and operations. MetroTech Center spans ten blocks of the downtown area between Flatbush Ave. and Jay St. and is located near many of the borough's cultural institutions. Weil, Gotshal & Manges will take space from Wellpoint in a long-term sublease arranged by Glenn Markman and John Cefaly of Cushman & Wakefield, who represented Wellpoint, and Kirk Killian of Partners National, who represented Weil, Gotshal & Manges.
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Columns and Thought Leadership
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

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
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,
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