News: Brokerage

Levy of Adams & Co. brokers a 7,117 s/f lease at 10 West 33rd St.

Adams & Co. Real Estate brokered an eight-year, 7,117 s/f expansion at 10 W. 33rd St. for premier accessories company Rosetti Handbags & Accessories Ltd. The new space will serve as additional showroom space for the growing company. New York-based Rosetti Handbags, which was recently purchased by Li and Fung Ltd., creates high-design handbags, luggage, shoes, hosiery and watches for cost-conscious consumers. Products are available at Sears and similar department stores. David Levy of Adams & Co. represented both the tenant and landlord in the transaction. Though details of the lease were undisclosed, asking rents were $44 per s/f. The 13-story property, also known as the Fashion Accessories Center, boasts 24/7 access and newly-renovated elevators and windows. Notable tenants include Steve Madden Accessories, Barganza and Global Design Concepts. Retail tenants include Columbia-Omnicorp and Jim Hanley's Universe "The Fashion Accessories Center, with its eclectic mix of accessories tenants, is a major destination for fashion buyers," said Levy. "Rosetti has been a key anchor for the property and we are thrilled to be able to accommodate their growth."
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
AI comes to public relations, but be cautious, experts say - by Harry Zlokower

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,
Strategic pause - by Shallini Mehra and Chirag Doshi

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
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
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,