{"id":1004035603,"date":"2011-12-28T09:15:43","date_gmt":"2011-12-28T17:15:43","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004035351"},"modified":"2022-12-08T18:32:20","modified_gmt":"2022-12-09T02:32:20","slug":"newmark-knight-frank-to-lease-manage-2-msf-nyc-office-portfolio","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/newmark-knight-frank-to-lease-manage-2-msf-nyc-office-portfolio\/","title":{"rendered":"Newmark Knight Frank to Lease, Manage 2 MSF NYC Office Portfolio"},"content":{"rendered":"

December 28, 2011<\/strong>
\nBy Barbra Murray, Contributing Editor<\/em><\/p>\n

\"\"<\/a>

902 Broadway, part of the NKF portfolio<\/p><\/div>\n

Newmark Knight Frank just added 2 million square feet of responsibilities to its plate. The real estate services firm has won a leasing and management assignment for a 19-property Manhattan office portfolio owned by The Rosen Group Inc.<\/p>\n

The group of office buildings, which includes the iconic, 330,000-square-foot tower at 902 Broadway, is 95 percent leased to a diverse roster of tenants. Newmark is charged with repositioning and renovating the properties, and with growing demand for office accommodations, the team will probably see a great return on its efforts. The Manhattan office market is making a big comeback. In November, positive net absorption totaled 300,000 square feet, as per a report by commercial real estate services firm CB Richard Ellis, marking what was then a year-to-date absorption total of just over 5.2 million square feet.<\/p>\n

Sometimes it’s not just what you know, it’s who you know and Newmark’s connection with Rosen is likely to have helped the firm secure the assignment. Michael Moorin, a senior managing director with Newmark, is heading the leasing and management team for the portfolio and has a history with the real estate owner. “My business relationship with the Rosen family goes back to the beginning of my career when I was assigned to lease and manage their property at 37 West 20th Street, which proved to be both formative and prophetic,” Moorin said. “Everything I needed to learn about real estate was encapsulated in that transaction.”<\/p>\n

Newmark will take over the leasing and management responsibilities at the start of 2012.<\/p>\n

The Rosen Group portfolio was not the firm’s first high-profile assignment of the year. In July, Newmark was tapped to oversee leasing for the famed 640,000-square-foot Lipstick Building.<\/p>\n","protected":false},"excerpt":{"rendered":"

Newmark Knight Frank just added 2 million square feet of responsibilities to its plate. The real estate services firm has won a leasing and management assignment for a 19-property Manhattan office portfolio owned by The Rosen Group Inc.<\/p>\n","protected":false},"author":1201,"featured_media":1004038307,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,21808,21742,10,21747,21785],"tags":[],"class_list":["post-1004035603","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-featured","category-latest","category-northeast","category-office","category-property-management"],"acf":[],"yoast_head":"\nNewmark Knight Frank to Lease, Manage 2 MSF NYC Office Portfolio - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/newmark-knight-frank-to-lease-manage-2-msf-nyc-office-portfolio\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Newmark Knight Frank to Lease, Manage 2 MSF NYC Office Portfolio\" \/>\n<meta property=\"og:description\" content=\"Newmark Knight Frank just added 2 million square feet of responsibilities to its plate. 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