News: Brokerage

Consolo, Aquino and Maglio of Douglas Elliman chosen to market 1,000 s/f Morningside Heights restaurant space

The national leasing and sales team of Faith Hope Consolo, chairman, Joseph Aquino, executive vice president, and Arthur Maglio of Douglas Elliman's Retail Group are the exclusive agents for a fully built-out and vented restaurant space at 3141 Broadway, south of 125th St. Formerly occupied by China Place/Hana Sushi, the 1,000 s/f space is situated between Columbia University's main Morningside Heights campus and the new Manhattanville site, currently under construction. The space is also close to the 125th St. transportation hub and surrounded by a host of restaurants including Jin Ramen, Kissaten Jin, Toast, Chapati House, El Porton, Bettolona, Chokolat Patisserie, Sushi Sushi, Pisticci and Kuro Kuma Espresso & Coffee. "Students are great restaurant patrons and this is academic central between Columbia, Manhattan School of Music and the Jewish Theological Seminary," said Consolo. "It's also an area with strong business support, especially through the Greater Harlem Chamber of Commerce." Maglio said, "There is also a burgeoning population of more affluent residents, supported by new development throughout the area. This particular corridor supports service-oriented and fashion-based retail, which in recent years have replaced the take-out joints and discounters, such as 99-Cent stores."Faith Hope Consolo, Douglas Elliman
MORE FROM Brokerage

AmTrustRE secures 5,754 s/f lease with GKV Architects at 360 Lexington Avenue

Manhattan, NY AmTrustRE has executed a 5,754 s/f lease at its premier boutique Midtown East office tower, 360 Lexington Ave., with longtime partner GKV Architects. The award-winning firm will occupy a portion of the 14th floor. >“GKV Architects has been a trusted partner to AmTrustRE for over two decades, playing an integral role in shaping and elevating several
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.
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
A fresh start - by Shallini Mehra and Amit Doshi

A fresh start - by Shallini Mehra and Amit Doshi

For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced
Tri-state capital  migrates nationally amid  regulation pressure - by Reese Weaver

Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver

New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,