News: Brokerage

Consolo and Aquino of Douglas Elliman chosen to market retail space at 1258 Third Avenue

The national leasing and sales team of Faith Hope Consolo, chairman and Joseph Aquino, executive vice president of Douglas Elliman's Retail Group have been named exclusive agents for 1258 Third Ave., a 1,072 s/f space with 25 ft. of frontage and an 894 s/f basement. Located between East 72nd and 73rd Sts., on the west side of an avenue considered to be one of Manhattan's premier centers for ladies' fashion, children's clothing and fine restaurants, the vacant store is within one block of Olive and Bette's, Otte, Anthropologie, Marimekko, Talbots, Scoop NYC and Gracious Home, New York's revered home goods-and-housewares emporium. In addition, it is in the same building as Jacadi children's clothing, Journelle fine lingerie, and Leonard Opticians. "This is the heart and soul of the Upper East Side," said Consolo. "The retail corridor is extremely stable and skews to the higher end, commensurate with the residential profile of the neighborhood." Aquino said, "The shopping activity on Third Ave. in the East 70s is consistently strong with young professionals and families." The previous tenant in the space was InVite Health
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Strategic pause - by Shallini Mehra and Chirag Doshi

Strategic pause - by Shallini Mehra and Chirag Doshi

Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent
Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Let’s be real: if you’re still only posting photos of properties, you’re missing out. Reels, Stories, and Shorts are where attention lives, and in commercial real estate, attention is currency.
Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

The state has the authority to seize all or part of privately owned commercial real estate for public use by the power of eminent domain. Although the state is constitutionally required to provide just compensation to the property owner, it frequently fails to account
AI comes to public relations, but be cautious, experts say - by Harry Zlokower

AI comes to public relations, but be cautious, experts say - by Harry Zlokower

Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,