The Points Guy Takes 12K SF at 875 Avenue of the Americas in NoMad
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
Travel media platform The Points Guy (TPG) has swiped its corporate card at 875 Avenue of the Americas , also known as One NoMad . The operator of the travel and lifestyle website leased 11,765 square feet at the 26-s…
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