Commercial Observer
Law Firm Hodgson Russ Renews 20K SF at Fisher Brothers’ 605 Third Avenue
Via Commercial Observer · July 20, 2026
Compiled by Real Estate Trail Editorial · July 20, 2026
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 · AI-assisted
Excerpt from Commercial Observer:
Law firm Hodgson Russ spearheaded a rush of new leases at Fisher Brothers ’ 605 Third Avenue . The firm renewed its 19,900-square-foot lease on the 23rd floor of the tower, located between East 39th and East 40th stre…
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