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Brokerage
Posted: May 7, 2019
Gilco Realty completes four leases totaling over 4,500 s/f
Bronx, NY According to Gilco Realty LLC, Michael Gilbert completed a 4,500 s/f lease at 1160 Southern Blvd. The tenant, Children’s Aid Society, was represented by ARC Advisors. The tenant adds this to their numerous office spaces on Southern Blvd. Gilbert was the sole broker in a second lease involving 600 s/f at 709 Mace Ave. to a hardware store tenant.
Epifanio Vargas leased two spaces to personal care service businesses. The first lease was to a barbershop at 408 East 167th St. The tenant was represented by Today Realty. The space had previously been occupied for 9 years as a beauty salon. In the second lease, Vargus completed a lease at 1224 Clay Ave. to Gianni Nail Salon, as the sole salesperson.
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Quick Hits
Columns and Thought Leadership
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
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.
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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,
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
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