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.
Brooklyn, NY Marcus & Millichap brokered the sale of 733 Dekalb Ave., a fully free-market multifamily and retail property in the Bed-Stuy neighborhood. The asset sold for $2.8 million.
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 housing crisis remains a hot button topic despite growing consensus that varied and affordable housing is desperately needed statewide. Governor Hochul has recently introduced several initiatives to overcome N.Y.’s anti-housing
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.
Being a small to midsize landlord in NYC is an increasingly demanding endeavor. From navigating complex regulations, increased compliance demands to dealing with tenant issues and remediating violations. It is wise to enlist the assistance of a partner, a professional