Zeller and Coe of C&W rep landlord, W&H Properties, in 8,000 s/f lease
AMSEC, LLC, a wholly owned subsidiary of Northrop Grumman Shipbuilding, has leased 8,000 s/f at W&H Properties' 112 West 34th St., according to Fred Posniak, senior VP of W&H.
"The quality of 112 West 34th St. and its superb location were equal factors in AMSEC's decision," said Posniak. "The building's recently completed $80 million upgrade program has resulted in a corporate environment with the prestige, amenities and professionalism that befit a firm of this caliber. And its proximity to Penn Station, the PATH trains, nearly a dozen subway lines and the Port Authority Bus Terminal provides unsurpassed convenience."
George Relyea of CBRE represented AMSEC. Barry Zeller and Audrey Coe of Cushman & Wakefield represented the landlord.
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
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
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.
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.
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