Advertising Agency Havas Health Expands to 250K-Plus SF in Grand Central District
Why this matters
Commercial real estate continues to digest a multi-year reset in cost of capital. Transaction velocity is below the 2019-2021 trend but improving, cap rates have stabilized across most stabilized property types, and the bid-ask gap has narrowed materially in the past two quarters. Sponsors with permanent capital and operating platforms have an advantage in the current execution environment. The next twelve months will continue to reward underwriting discipline and operational sophistication over balance-sheet aggression.
Editorial analysis · Real Estate Trail Editorial
George Comfort & Sons and its partners Loeb Partners Realty and Jamestown have signed Havas Health to a lease expansion that grows its footprint to 254,118 square feet at 200 Madison Ave. The agreement also includes a…
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