News: Brokerage

Handler Real Estate arrange 2,000 s/f lease to Second Time Around

Handler Real Estate Organization has arranged a 2,000 s/f lease at 238 West 72nd St. on behalf of consignment fashion retailer Second Time Around, marking the chain's seventh NYC location. Second Time Around was represented in this latest transaction by Handler principal Scott Galin and Darell Handler. Handler is Second Time Around's exclusive leasing agent nationally. The long-term, ground-floor lease continues Second Time Around's swift Manhattan expansion. The retailer also has stores at 166 East 35th St., 2624 Broadway, 1040 Lexington Ave., 111 Thompson St., 262 Mott St., and 94 Seventh Ave., and is in negotiations to open two additional Manhattan stores this year. Second Time Around also opened a store this year at 70-49 Austin St. in Forest Hills, Queens. Located in the heart of the Upper West Side neighborhood between Broadway and West End Avenue near Riverside Park and Lincoln Center, the five-story 238 West 72nd Street is a low-rise multi-family building with ground floor retail. Harris Philip represented the landlord, Alexander Hidalgo Real Estate, in house. Second Time Around is a premier consignment company, offering customers and consignors the best in upscale resale. For almost 40 years, Second Time Around has grown from a single store to almost 30 boutique locations, bringing affordable, high-end style to eleven states. The retailer searches for designer clothes and accessories in great condition, creating a world of unique wardrobes with a smaller carbon footprint.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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,

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.
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