PRESS RELEASE: Avison Young New York Selected as 2020 CoStar Power Broker Firm

PRESS RELEASE: Avison Young New York Selected as 2020 CoStar Power Broker Firm March 17, 2021

New York, NY –Avison Young New York has been selected a CoStar Power Broker in the New York market in two categories, Office Leasing and Investment Sales. The award is based on the volume of deals completed in 2020.

Each year the CoStar Group, the data/analytics leader of the commercial real estate industry, recognizes professionals and firms who closed the highest volume of commercial real estate deals in their respective markets. As one of the New York’s leading commercial real estate advisors, Avison Young consistently receives this coveted industry award.

“I couldn’t be prouder of what our office leasing and investment sales teams accomplished over the past year,” noted Mitti Liebersohn, President and Managing Director of the Avison Young New York City office. “The pandemic took a toll on our industry, but we were able to successfully meet the challenges this market presented, and our clients appreciated the strategic insight and reliable execution we were able to provide. To be recognized once again by CoStar as an industry leader is an honor that is shared by the entire Avison Young team, and a testament to the high standards we set for ourselves.”

Throughout 2020, Avison Young’s Office Leasing team closed significant deals including arranging a 77,000-square-foot early renewal lease for D.E. Shaw on behalf of the owners of 120 West 45th Street, and a 35,643-square-foot early renewal lease for City National Bank on behalf of the owners of 1140 Avenue of the Americas. The firm also brokered a number of major investment property dispositions including the sale of 103-105 MacDougal Street for $22,250,000, 126 East 86th Street for $26,000,00 and 1683 Third Avenue for $28,712,000.

Avison Young creates real economic, social and environmental value as a global real estate advisor, powered by people. As a private company, our clients collaborate with an empowered partner who is invested in their success. Our integrated talent realizes the full potential of real estate by using global intelligence platforms that provide clients with insights and advantage. Together, we can create healthy, productive workplaces for employees, cities that are centers for prosperity for their citizens, and built spaces and places that create a net benefit to the economy, the environment and the community.

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