News:
Brokerage
Posted: November 5, 2010
Speed Commercial and Stonemar lease 5,668 s/f to Burgers & Blues
Burgers & Blues has doubled its space at Centre Park Shopping Center to 5,668 s/f. The newly expanded and refurbished blues-themed restaurant draws huge Friday night crowds just weeks after its grand reopening.
Speed Commercial Real Estate, together with Stonemar Properties, the owner of the center, brokered the four-year lease. The new lease transaction, an extension of 16 months over the original lease, is valued at over $140,000.
Special features of the new lease include a new HVAC installation, a new party room added by the tenant, a new bar, and a doubling in size of the kitchen, according to Jonathan Gould, CEO of Stonemar. The lease contains two options to extend the lease an additional three years.
Tags:
Brokerage
MORE FROM Brokerage
Dolce & Gabbana signs 21,000 s/f lease for New York headquarters at 551 Fifth Ave.
Manhattan, NY Dolce & Gabbana, an Italian fashion house, has signed a long-term, 21,000 s/f office lease at 551 Fifth Ave. for its New York headquarters,
Columns and Thought Leadership
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.
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
.gif)