News:
Brokerage
Posted: September 12, 2011
Newmark Knight Frank arranges temporary 6,000 s/f lease for NBA Store
The NBA Store will reopen this fall in a temporary location at 590 Fifth Ave. Newmark Knight Frank's Paul Berkman, Davie Berke and Moshe Sukenik were the tenant reps on this deal.
The league said that partner Adidas will run the temporary 6,000 s/f store between 47th and 48th Sts., incurring all expenses in its operation. The NBA closed its old store at the corner of 52nd St. in a cost-cutting move in February. The league plans to find a larger space for a permanent store, which Adidas will operate under the same agreement.
The store will sell player merchandise during the lockout. The NBA has a deal separate from the collective bargaining agreement with the players related to merchandising.
Tags:
Brokerage
MORE FROM Brokerage
Silverstein Properties bringing Heisman Trophy to 120 Broadway
Manhattan, NY The Heisman Trophy is coming to 120 Broadway. Silverstein Properties negotiated a new office lease with Heisman, keeper of the fabled trophy. The charitable organization
Quick Hits
Columns and Thought Leadership
The art of investing in real estate - by Thomas Donovan
Real estate investing is as much an art as it is a skill. No one can time the market, or the factors that drive it, perfectly. Location, zoning, size, transportation, and neighborhood density give you a baseline for
Hunt CRE question and answer: Choosing a real estate agent - by David Hunt
First, we will only work with one agent exclusively. The primary reason is that we want that agent to legally represent our client’s interests. In New York State, a real estate agent has a fiduciary
Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt
Yes, there are lessons to be learned from the largest companies in America when comes to managing your real estate. But the decision to buy or lease real estate may not be one of
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz
Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.
.gif)