According to GVA Williams, Vedanta Capital LLC has signed a 10-year lease for the 7,800 s/f, two-story penthouse at 540 Madison, a class A office tower owned by Macklowe Properties in the Plaza District. Asking rents for the space are $130 per s/f.
Vedanta Capital was formed in 2006 by Parag Saxena, Alessandro Piol and Howard Goldstein, formerly of Invesco Private Capital. The space will serve as the firm's permanent New York City headquarters.
Jan Sigmon and Paul Milunec of GVA Williams represented the Vedanta Capital in the lease transaction. Andrew Lazarus and Jason Grebin of Macklowe Properties led negotiations on behalf of the owner, with assistance from Cynthia Wasserberger and Randy Abend of Jones Lang LaSalle.
Manhattan, NY According to Tishman Speyer investment boutique Horizon Kinetics Asset Management LLC will relocate its current New York office to 18,713 s/f on the 27th floor of 1270 Avenue of the Americas at
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,
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
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.
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