News: Brokerage

Lululemon Athletica leases 3,800 s/f at Destiny USA; uses retail locations to host events open to the public

Rob Schoeneck, Destiny USA Rob Schoeneck, Destiny USA
Syracuse, NY The popular yoga-inspired clothing retailer lululemon Athletica opened at Destiny USA on the biggest shopping day of the year: Black Friday. Known for its signature styles and high quality materials, the Vancouver, Canada-based company produces technical apparel for yoga, running, dancing, and other athletic activities. lululemon has a strong focus on community participation and uses its retail locations to host events open to the public, ranging from inspirational workshops to yoga classes. The activewear chain opened a showroom in downtown Syracuse’s Armory Square in 2013, which offers a small selection of the company’s merchandise and is open limited hours. That showroom closed on November 7 when lululemon’s 3,800 s/f full retail location at Destiny USA opened. Rob Schoeneck, Destiny USA’s general manager, is pleased to welcome lululemon to the center’s shopping lineup. “lululemon is a highly touted brand that is only growing in popularity,” said Schoeneck. “So we’re excited that they chose to open a full location here at Destiny USA. We think both area natives and tourists coming to the area to shop will enjoy being able to choose from an expanded selection of their products.” Guests will be able to find lululemon on Destiny USA’s 2nd floor next to Banana Republic.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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
The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.
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,

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking