Why NYC Nonprofits Might Have To Start Scrambling For Space
When Open Impact Real Estate arranged a 46K SF deal for a nonprofit on Manhattan’s Sixth Avenue a year ago, there was plenty of vacancy along the corridor, said Stephen Powers, the brokerage’s co-founder.
How Trump’s plans for federal workers and spending could derail Washington’s office recovery
President Trump’s move to cut workers and spending could hurt the office market in Washington, DC.
The capital had been recovering from the pandemic and a decade-long government space contraction.
That rebound is in question as federal agencies reduce workers and spending cuts hurt nonprofits.
Kwenda Collegiate Charter School Signs 44K-SF Lease at 2520 Church Avenue
An all-girls school is charting a new path in Flatbush, Brooklyn.
Why Nonprofits Are Taking More New York Office Space
It’s not just the availability — a New York state tax quirk aids organizations who arrange long-term leaseholds. In May of 2023, Rising Ground, a New York-based nonprofit organization that provides services such as mental health care and immigration support to those in need, signed a lease for roughly 30,000 square feet to occupy the […]
Human Services Organization Rising Ground Takes 27K SF at 111 Livingston Street
Human services organization Rising Ground will move its Downtown Brooklyn office a few blocks west to 111 Livingston Street. Rising Ground, which supports individuals and families in New York City, has signed a 15-year lease for 27,147 square feet on part of the 19th floor and the entire 20th floor of the 22-story building, according to tenant broker Open […]
Upper West Side religious facility sells — but not to a developer this time
A religious facility on the Upper West Side has sold for $10 million—but not to a developer looking to take advantage of air rights for a new skyscraper. This time the sale went to an actual religious organization.
Crescent College and Career Preparatory Academy Leases 66,000 SF Office Building in Southfield, Michigan
Crescent College and Career Preparatory Academy, a charter school network, has leased a 66,000-square-foot office building at 26200 Lahser Road in Southfield. The three-story property is known as Lahser Center II. According to a release, the move will enable Crescent to expand and modernize its middle and high school programs. Jake Cinti, Stephen Powers and […]
Female Disruptors: Lindsay Ornstein of OPEN Impact Real Estate On The Three Things You Need To Shake Up Your Industry
I’m committed to deepening the positive experience we cultivate at OPEN Impact Real Estate for our employees. Our firm’s culture is radically different from conventional brokerage firms, emphasizing collaboration, support and genuine camaraderie. We host events throughout the year including wellness activities, retreats, holiday celebrations and volunteer days further contribute to our vibrant culture, promoting […]
Charter school inks 63k sf in new Brownsville building
Charter schools are growing niche in New York City real estate market A Brooklyn charter school just inked a 35-year lease for its elementary and middle school. Imagine Me Leadership Charter School will take 63,000 square feet at 39 Truxton Street in Brownsville. The school, which opened in 2011, will occupy the entire building, which was built […]
2024 Ones to Watch Industry Leaders: Casey Noel, OPEN Impact Real Estate
“Casey is an exceptional example of parlaying an accomplished career in finance and in the government and nonprofit sectors into a fast-rising career as a broker focused on impact related work.” – Lindsay Ornstein, co-Founder, OPEN Impact Real Estate.
