News: Brokerage

Mager, Dweck and Hakimian of Besen Retail represent owner in 375 s/f lease

Matthew Mager, Elliott Dweck and Ben Hakimian of Besen Retail have leased 375 s/f at 75 Orchard St., located between Broome and Grand Sts. in the Lower East Side neighborhood. Besen Retail represented the owner Dermot Orchard St. LLC as exclusive leasing agent and also procured the tenant. The tenant will be opening a retail studio/showroom in the space. The property is a six-story, mixed-use building with two apartments and one store, built in 1910. Besen Retail has leased other spaces in the area, including the previous store in this space at 75 Orchard to Kai D. Tools and Clothing for Artisans. Also in the area they are actively marketing 4,700 s/f of retail space at 101 Ave. D, a mixed use, LEED certified development. Besen Retail offers leasing services for both landlords and tenants, handling transactions ranging in size from 500 to 50,000 s/f. The division of The Besen Group was created in 2005 to focus on retail leasing in the Metropolitan New York City area. Besen Retail represents landlords, property managers and retailers alike. The team is a unique mix of experienced retail brokers specializing in locating, marketing, negotiating and leasing New York City retail real estate. Creative solutions are devised in efforts to successfully match property owners with retail tenants for the best fit. Carlos Campos designs modern men's and women's wear featuring well-tailored pieces constructed from exceptional fabrics. Carlos Campos' collections have been sold in cities worldwide including New York, Los Angeles and San Francisco with plans to distribute Spring 2011 into Mexico, Australia and South Korea. Campos also has a made-to-measure studio in New York City.
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REALM, DelShah Capital and A.M. Properties acquire 377,000 s/f CitySpire office condominium

Manhattan, NY REALM, in partnership with DelShah Capital and A.M. Properties, acquired  CitySpire, a 377,000 s/f office condominium comprising 24 floors within the 70-story tower at 156 W 56th St. in Midtown. Adjacent to Central Park with transit access and amenities, CitySpire is a Class A office asset located in one of the city’s most sought-after office corridors.
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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
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.
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