News: Brokerage

Famularo and Idnani of Eastern Consolidated arrange 2,000 s/f lease

Eastern Consolidated has arranged a long-term, 2,000 s/f corner retail lease for world-renowned French chocolatier Michel Cluizel at 199 Madison Ave. For many years a travel bookstore, the Complete Traveller, occupied the space. James Famularo, senior director, and Ravi Idnani, associate director, of Eastern's real estate leasing division represented Michel Cluizel, which is relocating to Madison Ave. from 584 5th Ave. between 47th and 48th Streets. The building's owner, Rose Associates, was represented by its leasing agents Bruce Spiegel and Louis Joachim. "This corridor is rapidly changing and we're getting many requests from all types of tenants, especially restaurants," Famularo said. "International Japanese cuisine giant Zuma, which has restaurants in eight other cities including London and Miami, opened last month at 261 Madison Ave." Idnani said, "The corner location at 199 Madison Ave. offers 28 ft. of frontage and Michel Cluizel was particularly attracted to it because of the increased residential and commercial development taking place in the area. The company also plans to expand its retail presence in other areas of the city and we are currently working to secure additional retail sites in Downtown Manhattan and the Upper East Side." Michel Cluizel began manufacturing chocolates in Damville, Normandy, in 1948, and for three generations the family has carried on its tradition of excellence with the help of skilled cacaofeviers, confectioners, and chocolate makers. The company began manufacturing in the United States at a site in West Berlin, N.J., in 2004.
MORE FROM Brokerage

Berger and Koicim of Marcus & Millichap sell 17-unit multi-family for $8.8 million

Manhattan, NY Marcus & Millichap negotiated the sale of 207 E. Fourth St., a 17-unit mixed-use multi-family property the East Village. The asset sold for $8.8 million. “This transaction underscores
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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
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.
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,
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