REALM, in partnership with Delshah Capital and A.M. Properties, has acquired CitySpire, a 377,000-square-foot office condominium comprising 24 floors within the 70-story tower at 156 W 56th St. in Midtown Manhattan. Purchased at an 8.5% cap rate, the 98% occupied property features renovated common areas, high-end finishes and a roster of tenants including Caleres, Windels Marx Lane & Mittendorf, LLP and New York Road Runners. 

Built in 1987 and maintained by institutional ownership, the property has undergone approximately $22 million in capital improvements and requires no near-term capital expenditures, REALM said, noting that. Manhattan office leasing activity reached pre-pandemic highs in late 2025. 

“CitySpire represents the type of opportunity we seek in today’s market,” said Travis King, founder and CEO of REALM, an investment collective of 130 family offices. “While capital markets remain cautious on office, we see strong fundamentals in premier Midtown assets, where leasing activity and occupancy continue to outperform. CitySpire reflects our focus on highly selective investments with strong downside protection and long-term upside.”  

Progressive Real Estate Partners’ Roxanne “Roxy” Klein represented an American Family Care (AFC) franchisee in a lease for a 4,452 square-foot space at 2795 Cabot Dr. #157 in Corona.  Lease terms were not disclosed. The space is in the popular Dos Lagos open-air shopping center which is directly adjacent to the heavily traveled I-15 freeway and features Trader Joes, Starlight Cinemas, Wood Ranch BBQ & Grill, TGI Fridays, Loft, Express and more than 50 other tenants.

Klein previously represented the same franchisee in a lease for an AFC clinic in Chino Hills, which opened last summer. The Corona clinic will showcase AFC’s new prototype.

Founded in 1982, AFC is one of the nation’s leading providers of urgent care, primary care and occupational medicine. Currently there are more than 300 AFC clinics throughout the U.S., with 1,500 in-network physicians caring for patients.