New York Mayor Eric Adams’s challenges grew last month when the Manhattan district attorney launched an investigation into the agency managing the city’s $1.5 billion real estate portfolio.
On Tuesday, City Council members criticized two Department of Citywide Administrative Services (DCAS) officials over a subordinate’s decision to approve several commercial leases before vacationing with a Cushman & Wakefield broker involved in the deals. During a hearing on two of these leases, City Councilman Lincoln Restler of Brooklyn repeatedly questioned DCAS Deputy Commissioner Jesse Hamilton’s qualifications to oversee office leases and his motives in awarding contracts that benefited an Adams donor.
*Article courtesy of Commerical Observer
Wolf Commercial Real Estate (WCRE), is a leading New Jersey, Pennsylvania, and New York commercial real estate brokerage firm that specializes in healthcare, office, retail, land, industrial, and investment properties. For more information about New York health care, industrial, retail, office, land or other commercial properties, please call 856-857-6300 or send an email to info@wolfcre.com.
WCRE is a full-service CORFAC International brokerage, and advisory firm that provides a full range commercial real estate listings, services and property management services for landlords, owners, investors, tenants and more.
As experts in tri-state region, the WCRE team provides ongoing detailed information about commercial properties to our clients and prospects to help them achieve their commercial real estate goals.
