News: Brokerage

Fishbein and Rubens of Winick Realty Group lease three stores in Nolita at 400 Broome Street

Winick Realty Group has completed three new retail leases at 400 Broome St., fronting Kenmare, Cleveland and Broome St. in the Nolita neighborhood. Aaron Fishbein and Darrell Rubens, executive vice president, of Winick represented landlord Coral Broome St. LLC as they repositioned and upgraded these ground-floor retail opportunities. "Ownership white-boxed the spaces, upgraded the utilities and installed new floor-to-ceiling glass storefronts. These improvements allowed us to attract top-notch tenants," said Fishbein. Fillmore and 5th Designer Consignment, part of parent company Crossroads Trading Inc., a California-based clothing store with locations in Palo Alto and San Francisco, leased its first New York store in the building under the address 398 Broome St.. The 1,680 s/f ground-floor space includes a basement and is expected to open in the third quarter of 2014. Jordan Cohn of SCG Retail represented the retail tenant. On the Kenmare St. side of the building, Sweetgreen leased its third Manhattan location at 100 Kenmare St.. Also expected to open in the third quarter of 2014, Sweetgreen will occupy 2,400 s/f on the ground floor and 1,600 s/f of basement space that was recently built by ownership. Taryn Brandes of SCG Retail represented Sweetgreen. At 7 Cleveland Place, Paul Fox Salon signed a lease for approximately 950 square feet on the ground floor. The salon, which has already opened, was represented by Joseph Robinson from Bond NY. "Nolita has long been considered an up-and-coming neighborhood," said Fishbein. "And the arrival of such high-class, well-established brands confirms that the area has truly arrived."
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
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,
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,

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