Monthly Archives: June 2025

Ten with Ben 031: Navigating Insurance and Risk Assessment with Micah Kafitz

This episode of Ten with Ben features commercial insurance expert Micah Kafitz from Associated Agencies, Inc., who joins Ben to discuss what property owners, tenants, and brokers should know about insurance. Micah explains when to get an advisor involved, what to watch for in lease language, and how early planning can help reduce risk and save money. He also shares how he helped a buyer close a deal others said couldn’t be done—by securing a rare coverage solution most brokers couldn’t offer.

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Bradford Allen Represents Macerich in 12,500-SF Relocation to 825 Third Avenue

NEW YORK (June 18, 2025) – Bradford Allen announced today that Macerich has signed a long-term lease for a full floor at 825 Third Avenue, totaling approximately 12,500 square feet. Bradford Allen’s Gordon Ogden, executive managing director, and James Hart, associate, represented the tenant in the transaction.

Macerich, a leading retail real estate investment trust, is relocating from 500 Fifth Avenue. The company selected 825 Third Avenue for its high-end finishes, panoramic East River views and extensive amenity offerings, which were made possible by a recently completed $150 million capital improvement program.

“825 Third Avenue stands out as one of the most desirable office towers along Third Avenue,” said Ogden. “It offers the kind of elevated, amenitized workspace that leading companies like Macerich are seeking as they commit to long-term office strategies.”

The transaction reflects continued demand for high-quality office space in Midtown East, particularly in buildings that combine strong ownership, modern upgrades and efficient full-floor opportunities.

Owned and managed by The Durst Organization, 825 Third Avenue has been comprehensively reimagined to prioritize performance, comfort, and design. Upgrades include a fully modernized lobby, state-of-the-art infrastructure and hospitality-driven tenant amenities. The Durst leasing team was led by Tom Bow.

Bradford Allen (BA) is a national commercial real estate firm headquartered in downtown Chicago. Founded in 2003 by Jeff Bernstein and Larry Elbaum as an office brokerage, the firm has grown into a vertically integrated commercial real estate company, offering a full array of services and expertise across multiple U.S. markets to entrepreneurial, corporate and not-for-profit clients, including strategy, marketing and transaction execution for occupiers, investors and owners. For more information, visit bradfordallen.com.