News:
Brokerage
Posted: April 25, 2023
Lee & Assocs. arranges 3,133 s/f lease with Philip Plein
Manhattan, NY Lee & Associates NYC represented 119 Spring Street Subsidiary LLC in a new 10-year lease with Philipp Plein at 119 Spring St. in SoHo. The lease consists of the ground floor - 1,951 s/f, and lower level - 1,182 s/f of the building. Philipp Plein will move in for a permanent opening. Philipp Plein hosted a popup for their Plein Sport line which marked the first time Plein Sport was introduced to the United States.
Peter Braus, Paul Popkin, and Jessica Gerstein from Lee & Associates NYC represented the landlord, and Richard Johnson and Gabriel Paisner from Odyssey Retail Advisors represented the tenant in the transaction.
“We’re thrilled to see the return of Philipp Plein in SoHo,” said Peter Braus, managing principal and co-founder at Lee & Associates NYC. “Philipp Plein brings one of Europe’s top designer brands back to New York’s best retailing neighborhood where it belongs.”
Tags:
Brokerage
MORE FROM Brokerage
Horvath & Tremblay Announces Strategic Integration of B6 Real Estate Advisors, Expanding New York City Presence
New York, NY Horvath & Tremblay, a premier real estate services firm specializing in investment real estate brokerage, 1031 exchanges, debt/equity placement, and appraisal & valuation services, announced the strategic integration of B6 Real Estate Advisors into the firm’s growing national platform.
Columns and Thought Leadership
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,
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
AI comes to public relations, but be cautious, experts say - by Harry Zlokower
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,
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
