News: Brokerage

Zelnik & Co. appointed excl. agent for space at 130 West 42nd St.

Zelnik & Co. has been awarded the exclusive retail leasing agency at 130 West 42nd St., a landmark building located at the crossroads of Bryant Park and Times Square. Owned by American Properties Inc., the prewar office property offers retail space in corridor of 42nd St. between Sixth Ave. and Broadway. Cory Zelnik will oversee this leasing assignment on behalf of the ownership. The 30-story office building offers 3,100 s/f of prime, ground floor retail space, as well as 5,000 s/f of lower level selling space. Zelnik & Co. is a prominent New York City-based real estate firm founded by retail powerhouse executive, Cory Zelnik. The company provides comprehensive retail brokerage services throughout the Tri-State area. Widely-recognized for its hands-on approach, the firm's guiding principle is to deliver unparalleled real estate expertise to meet the diverse requirements of both tenants and owners of retail properties. 
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Columns and Thought Leadership
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
Navigating the changing landscape of hotel Property Improvement Plans and conversion brands - by Andrew Cameron

Navigating the changing landscape of hotel Property Improvement Plans and conversion brands - by Andrew Cameron

When owners are due for a significant Property Improvement Plan (PIP), they must carefully evaluate what the best course of action is. Over the past five years, major hotel brands have become significantly more flexible with their PIP schedules.
Multi-generational multifamily owners - who’s in and who’s out - by Shallini Mehra and Amit Doshi

Multi-generational multifamily owners - who’s in and who’s out - by Shallini Mehra and Amit Doshi

Many long-time property owners are divesting from their rent stabilized properties at an increasingly rapid pace. This trend has gained momentum primarily due to the unyielding permanence of rent laws over the past six years and the increasing operating costs that continue to outstrip rent growth. In addition, the judiciary’s elongated timeline in processing evictions and tenant rent challenges,