VB Porter & Company - NYC Commercial Real Estate

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NEWS

Morgelt Grows on Empire State Building

2005-08-31 17:06:50

Morgelt Corporation is a lending firm that provides real estate financing to both commercial and residential clients. Dan Bodner Represent the Empire State Building and Vlad Porter represented Morgelt Corporation on a 10 year lease wih asking rent of $35 per square foot.

News

A large international Turkish construction firm, U.F.U.K also known as Memobay made their US headquarters at 55 Broad Street, taking a 7 year lease in the Class A office building. more info...
Global Brokerage Corp. moves to 50 Broadway with furniture and a phone system included in a direct 5 year lease. more info...

Several community and regional banks, already squeezed by the subprime mortgage crisis, tightened consumer lending and falling share prices, are following the lead of some banking giants and pursuing sale-leasebacks as a hedge against current economic volatility. The strategy allows banks to raise cash while pruning unneeded brick-and-mortar assets from their balance sheets. In addition to large deals by the likes of Citi, Wachovia and SunTrust to monetize a portion of the... more info...
A new fancy Italian Restaurant will be opening in the heart of the FlatIron District more info...