CONCESSION CROSSFIRE

Are all concessions created equal? Leasing experts tackled this question last night at a REBNY Commercial Crossfire event at 570 Lexington’s Mendik Center. Here are CBRE’s Peter Turchin, Boston Properties’ Robert Selsam, FirstService Williams’ Marty Meyer, Tishman Speyer’s Ted Koltis, The Kaufman Org.’s Steven Kaufman, SL Green’s Steve Durels, Adams & Co.’s Jim Buslik, ID Real Estate Partners Ira Fishman, and The Vortex Group’s Rick Marek. The takeaway: there haven’t been many concessions in Midtown, Midtown South, and Downtown because the areas are still desirable (and not experiencing much foreclosure and debt), but owners are willing to do more work on their properties.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's New York Newsletters
Related Stories

Bally's Lines Up $560M Loan For Bronx Casino: The N.Y. Deal Sheet

Data Center Spills 5,000 Gallons Of Fuel Into New Jersey River

Historic Brooklyn Hotel To Be Turned Into Ritz-Carlton-Branded Condos

Downtown Atlanta Improvement Group Picks Food Bank Chief As Next Leader

Trump's DEI Crackdown Is Creating New Risks For Landlords That Lease To The Government

Taconic Partners Sheds Another NYC Life Sciences Property

Judge Dismisses Suit Alleging Alexandria Misled Investors Over Portfolio Strength

Oxford Properties' U.S. Investment Head On Why It's Buying Office Again — And Where

Brandon Johnson Seeks Second Term Amid Strained CRE Relationship

New Occupiers And More VC Money Fuel UK Life Sciences Rebirth

25 Years After 9/11, Lower Manhattan Is Finally Firing On All Cylinders

DFW's Life Sciences Sector Offers Startups The Ingredients They Need To Scale