News: Brokerage

Cohen of ABS Partners rep seller in $87 million sale of 525 Broadway in SoHo; Heller of Studley reps buyer

ABS Partners Real Estate, LLC has advised on the $87 million sale of 525 Broadway, a 45,000 s/f, eight-story red brick building located on the southwest corner of Broadway and Spring St. in SoHo. Alan Cohen of ABS Partners exclusively represented the seller. "This is a magnificent mixed use property has a spectacular retail presence, with full floor office tenants, high ceilings and amazing views of the Broadway Soho corridor," said Cohen, executive managing director of ABS Partners' Investment Sales & Advisory Group. Marc Winters of McNaul Ebel Nawrot & Helgren PLLC, based in Seattle, and Matthew Kasindorf of Meister Seelig & Fein LLP represented the seller as legal counsel. Jonathan Adelsberg and Dena Cohen of Herrick, Feinstein LLP represented the buyer. Woody Heller of Studley represented the buyer, JP Morgan Chase. About ABS Partners Real Estate ABS Partners Real Estate, LLC is a premier New York-based real estate services firm delivering best-in-class owner and tenant representation. Founded by industry leaders with more than a century of collective experience, ABS Partners has a proven track record in all facets of real estate services, including retail and office leasing, property management and investment sales advisory services. The ABS team has successfully represented property owners in the sale, net lease, or joint venturing of commercial, hotel, residential, industrial and development property, and has significant expertise in property development, site assemblage, and development of rights transfers. For further information, please visit our website, www.absre.com ###
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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,
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
Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

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.
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