News: Brokerage

Gelber and Heine of CBRE lease 2,600 s/f to Dos Toros Tacqueria

Eric Gelber, CBRE Eric Gelber, CBRE

New York, NY CBRE Group, Inc. today has represented Equity Office Properties in the 2,600 s/f retail lease for Dos Toros Tacqueria at 114 West 41st St. The store entrance will be located on 40th St. CBRE’s Eric Gelber and Jake Heine represented the landlord in the 15-year deal on the partial ground floor.

“As Equity Office Properties continues to make profound change with all of its upgrades, we are very excited to bring in Dos Toros,” said Gelber, executive vice president. “They will be a great amenity and I believe that with this partnership, the neighborhood will benefit from a wider array of food alternatives.”

“We were very selective in our process and determined that the Dos Toros brand and identity merged perfectly with the capital improvement program and future office occupants we are targeting for the asset,” said Zachary Freeman, vice president of leasing at Equity Office. This will be Dos Toros’ 12th New York City location. The estimated move-in date for the popular Mexican food chain is scheduled for January 2016, with a summer opening.

“Getting into the Bryant Park market is important and exciting for us,” Oliver Kremer, co-founder of Dos Toros, said. “With all of the outdoor space and the local feel, it almost feels like the Union Square of Midtown.”

Dos Toros was represented by Zelnik & Co.’s Adam Langer. The ownership was represented by Zach Freeman and Scott Silverstein of Equity Office.

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
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.
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
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
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,