Zar Property NY leases 5,200 s/f fourth floor space to Daily Mail; Addeo of Cresa Partners represents the tenant

Zar Property recently signed a four-year lease with Daily Mail/Associated Newspapers, at 42-44 Greene St., SoHo. The owner of the property is Zar Property NY, consisting of Dario Zar, Simon Zar, and David Zar. The 5,200 s/f lease is situated on the entire fourth floor. Jamie Addeo of Cresa Partners represented the tenant. Zar Property represented itself. "The timing was perfect due to one of our upscale tenants vacating only 30 days prior allowing us to offer the space in move-in condition. The lobby was recently renovated and fit the high standards of the tenant, said David Zar.

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AmTrustRE completes $211m acquisition of 250 Madison Ave.

Manhattan, NY AmTrustRE has completed the $211 million acquisition of 260 Madison Ave., a 22-story, 570,000 s/f office building. AmTrustRE was self-represented in the purchase. Darcy Stacom and William Herring

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Columns and Thought Leadership

Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Let’s be real: if you’re still only posting photos of properties, you’re missing out. Reels, Stories, and Shorts are where attention lives, and in commercial real estate, attention is currency.

Lower interest rates and more loan restructuring can help negate any negative trending of NOI on some CRE projects - by Michael Zysman

Lower interest rates and an increased number of loan restructurings will be well received by the commercial real estate industry. Over the past 12 months there has been a negative trend for NOI for many properties across the country.

Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

The state has the authority to seize all or part of privately owned commercial real estate for public use by the power of eminent domain. Although the state is constitutionally required to provide just compensation to the property owner, it frequently fails to account

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