News: Brokerage

Consolo, Aquino and Maglio of Douglas Elliman lease space to Food Bank For NYC

The leasing team of Faith Hope Consolo, chairman, and Joseph Aquino, executive VP, along with Arthur Maglio, of Douglas Elliman's retail group has leased a storefront space to the Food Bank For NYC at 71 St. Nicholas Ave., between 113th and 114th Sts. Located close to the Food Bank's Harlem Community Kitchen & Food Pantry, the facility is responsible for 50,000 meals a month to New Yorkers in need. The new space will serve as administrative offices to support this program. Consolo, Aquino and Maglio represented the landlord, Tahl Propp Equities. The tenant was represented by Stone Land Capital. "There is a critical need in the neighborhood for this organization and we are thrilled to have had the opportunity accommodate them," said Consolo. "Our team has been instrumental in contributing to important change here, addressing the needs of the community on all socioeconomic levels." Maglio said, "Over the years, the leases we have arranged in Harlem have added value to each property, and at the same time, have had a positive impact on the lives of the neighborhood residents. Last month, we enabled an orthodontist to open a new practice around the corner; and just before that, we leased a nearby space to a cutting-edge pediatrics clinic." Among many of the other service-based, community-based and government groups that the Douglas Elliman Retail Group has brought to Harlem in recent years are the Children's Aid Society, AIDS Service Center NYC, Ralph Lauren Center for Cancer Care and Prevention, Friends of the Children, U.S. Department of Veterans Affairs, Internal Revenue Service, Tribeca Pediatrics, Central Park Orthodontics. Pono Learning, Sunshine Day Care, and Sugar Hill Medical Plaza.
MORE FROM Brokerage

Horvath & Tremblay Announces Strategic Integration of B6 Real Estate Advisors, Expanding New York City Presence

New York, NY Horvath & Tremblay, a premier real estate services firm specializing in investment real estate brokerage, 1031 exchanges, debt/equity placement, and appraisal & valuation services, announced the strategic integration of B6 Real Estate Advisors into the firm’s growing national platform.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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
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,
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,

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