News: Brokerage

Carney of GVA Williams brokers 11,500 s/f lease for CapRock Capital

GVA Williams of Connecticut leased an 11,500 s/f office for the newly formed CapRock Capital at 555 Theodore Friend Ave. CapRock is taking a four-year sublease from Tremont Advisors and will move into the space next month. The building is also known as the International Center at Rye. According to Andrew Carney, the GVA broker who represented CapRock, "Although office vacancy rates in the 287 corridor hover around 13%, it's rare to find turnkey office space with the amenities and quality fixtures of this building and space. It was only on the market officially one day. The International Center at Rye is one of the premier addresses in Westchester."
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Columns and Thought Leadership
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
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

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

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

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