News: Brokerage

Consolo and Aquino of Prudential Douglas Elliman coordinate 2,700 s/f lease

The leasing team of Faith Hope Consolo, chairman, and Joseph Aquino, executive vice president, of Prudential Douglas Elliman's Retail Leasing and Sales Division, represented the landlord in leasing 1242 Madison Ave., a sought-after Madison Ave. corner location, to prominent Parisian children's apparel company Jacadi. This new boutique will be Jacadi's fifth and one of its largest Manhattan locations, occupying 1,500 s/f ground level and over 1,200 s/f in the basement. "With so many strollers flooding the sidewalks of this side of Madison Ave. every day, high-fashion children's apparel shops are in high demand," said Consolo. "Jacadi has long been established as a premier designer, and is opening another area location in response to the growing demand from the neighborhood's large population of well-heeled patrons." "Madison Ave. never fails to attract the best retailers from around the world," said Aquino. "As soon as we began our marketing campaign for the property, we heard from a myriad of renowned companies, all competing to attain the tony address."
MORE FROM Brokerage

Century Cricket Centre to open first U.S. location near Bryant Park in 14,000 s/f lease

Manhattan, NY Century Cricket Centre, an Australian-backed indoor cricket and sports-tech concept, will open its first U.S. location in a 14,000 s/f at 25 W. 39th St. near Bryant Park following a 15-year lease arranged by Lee
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.
Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,