Lee & Associates NYC Completes Two Office Renewals Totaling 11,360 SF at 149 West 36th Street The New York Real Estate Journal reports that Noah Caspi and Todd Korren of Lee & Associates NYC completed two direct office lease renewals totaling 11,360 square feet at 149 West 36th Street in the Penn Plaza/Garment District, representing landlord The Frangene Co. Full-service printing and graphics company Excel Graphics signed an eight-year renewal for its entire 4,500 s/f…
Lee & Associates Tapped for Seward Park Cooperative Retail
Lee & Associates NYC Tapped to Reposition Seward Park Cooperative’s 50K-SF Retail Portfolio Commercial Observer reports that Seward Park Cooperative — one of New York City’s largest market-rate residential co-ops — has selected Lee & Associates NYC to lead leasing strategy and retail representation for 25 retail properties totaling approximately 50,000 square feet on the Lower East Side. The assignment marks a rare opportunity to institutionalize a fragmented retail portfolio held entirely by co-op shareholders,…
SceniX Signs Chelsea Office Lease at 80 Eighth Avenue
AI platform SceniX has signed a Chelsea office lease for the entire 17th floor at GFP Real Estate’s 80 Eighth Ave. — a 5,914 SF, five-year commitment representing one of the neighborhood’s notable AI-tenant deals of the quarter. Dennis Someck and Justin Myers of Lee & Associates NYC represented the tenant in the SceniX Chelsea office lease, which will house the robotics-simulation company’s general and administrative operations. NYREJ: SceniX Signs Full-Floor Chelsea Office Lease at…
Manhattan Office Recovery: What Tenants Want in 2026
The Manhattan office recovery is leading the nation, with office foot traffic now only 5.5% lower than pre-pandemic levels. In a new Bisnow Studio B feature, Lee & Associates examines what’s driving the rebound — and what tenants and landlords are doing to capitalize on it. The Manhattan office recovery has pushed Q4 vacancy to a five-year low of 13.9%, with 10M SF leased in the quarter alone. Bisnow Studio B: Manhattan Office Recovery Reshapes…
Manhattan Office Leasing Hits Post-2019 High in Q4 2025 | Market Report
Manhattan’s office market closed 2025 with its strongest quarterly leasing performance since late 2019, as tightening availability, rising rents and growing tech demand signal a more durable recovery entering 2026. Lee & Associates NYC’s 2025 Q4 Manhattan Office Market Report shows leasing volume reached 11.6 million square feet in the fourth quarter, bringing full-year demand to 42 million square feet, up 7 percent over 2024. Availability declined for the seventh consecutive quarter to 13.9 percent, while net…
REBNY 2026 Honorees | James Wacht Among Award Winners
James Wacht’s Broker Recognition Award The 2026 list of REBNY 2026 honorees featured several distinguished professionals whose work has had a lasting impact on the city’s real estate community. Among them was James Wacht, Managing Principal at Lee & Associates NYC, who received the Louis Smadbeck Memorial Broker Recognition Award for integrity, leadership and long-standing contributions to both the brokerage community and REBNY itself. Wacht, a lifelong New Yorker and industry veteran, has led Lee…
Capital Fund Management Leases at 510 Madison Ave
Paris-based hedge fund Capital Fund Management (CFM) has signed a long-term lease for two full floors at 510 Madison Avenue, marking a major tenant win for landlord Boston Properties (BXP) as it continues to revamp the Midtown East office tower. The quantitative hedge fund, which manages over $19 billion in assets, will occupy the 28th and 29th floors, totaling approximately 23,000 square feet, with reported asking rents reaching $160 per square foot. CFM plans to…
75 Pierrepont St. in Brooklyn Heights Sells, Remains Rent-Stabilized
Lee & Associates NYC on Sept. 4 completed the $6.8 million sale of 75 Pierrepont St., a 25,800-square foot, six-story, rent stabilized residential building in Brooklyn Heights at a 6.2% cap rate. “The sale of this Brooklyn Heights jewel for a 6.2% cap shows that there is hope amongst the NYC investment community that the legislature will one day realize that the best way out of a housing crisis is building more units, not regulating them,” said…
Lee NYC Arranges Relocation for Telecom Infrastructure
Lee & Associates NYC successfully represented Telecom Infrastructure Corp. in its strategic relocation to 2 West 45th Street in Midtown Manhattan. The telecommunications firm is moving from its previous location at 8 E. 41st Street, where it occupied 2,000 square feet, to a new, larger office space as part of its growth plans. Telecom signed a five-year and four-month lease for 3,944 square feet in the 16-story building and is set to move in this…