News: Brokerage

Ezra and Getz of RKF arrange 3,027 s/f lease to exhale Mind-Body Studio

RKF has arranged a 3,027 s/f lease at 19 West 21st St. for the exhale Mind-Body Studio. The ground floor space will house exhale Mind-Body Studio's 7th area location when it opens for business in May. The building at 19 West 21st St. is located between Fifth and Sixth Aves. in the Flatiron District. RKF managing director Edmond Ezra and associate Ernie Getz represented exhale Mind-Body Studio, which involved a sublease from Oberman and a lease extension from the landlord, Fifth Partners, LLC. Oberman was represented by Christopher Owles and Max Talapar of Sinvin Realty. "The Flatiron District has truly evolved into a neighborhood that's sophisticated, youthful, and athletic," said Ezra. "Other fitness-based and sportswear retailers have done extremely well here, operating alongside Whole Foods and the greenmarket at Union Sq., which are turning this entire area into a wellness district in its own right." The exhale Mind-Body Studio at 19 West 21st St. will be situated where the Flatiron District and Chelsea District meet, which is a growing office and residential market and an extremely strong retail destination, which consists of national fashion and specialty retailers along Fifth Ave. such as Anthropologie, J.Crew, Club Monaco, Kate Space, Nike, Intermix and Sephora, and larger format retailers, including Bed Bath & Beyond, The Container Store, Sports Authority, Staples, Men's Wearhouse, Trader Joe's and Marshalls along Sixth Ave. exhale currently has 20 locations in key U.S. markets and the Caribbean. In addition to the Flatiron District location, exhale also has plans to open in South Beach this coming spring, marking 22 locations.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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,

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
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