News: Brokerage

Gilbert of Gilco Realty secures three leases totaling 15,100 s/f

Michael Gilbert of Gilco Realty LLC represented the landlord in the following leases totaling 15,100 s/f: * Gilco was the exclusive broker for the property at 3408 Park Ave. and procured Dineinfresh Inc. D/B/A Plated.com to lease the entire 10,000 s/f building. Plated.com is relocating from a shared space in Brooklyn and plan to be fully operational by January 2014. Jeff Berman of Redwood Property Group represented the tenant * Gilco represented the owner of 400 East 167th St. with a lease to El Molino Restaurant Inc. totaling 1,100 s/f. The tenant will operate a restaurant specializing in Hispanic cuisine. * Gilco was instrumental in an expansion of the Family Dollar store at 2301 Jerome Ave. Gilco had the exclusive listing on the adjacent 4,000 s/f former furniture store space and worked with the landlord and tenant to work through the many expansion issues and concerns. The store expects have the expansion finished by Spring 2014.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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
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,

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,