News:
Brokerage
Posted: May 10, 2022
MARK signs Interior Define to whole building lease
Brooklyn, NY MARK, a vertically integrated real estate investment business, has completed a lease for the entire building at 109 North Sixth St. The 8,300 s/f, two-story building will be occupied by custom furniture company and retailer Interior Define, a leading customizable DTC furniture brand offering thousands of upholstery items as well as dining, lighting and decor.
North Sixth St. is one of the main thoroughfares in Williamsburg and a burgeoning retail destination. As sole tenant of 109 North Sixth St., Interior Define will use the space to operate the new and refreshed retail concept known as Interior Define Studios.
Bennet Bark of RUE represented Interior Define in the real estate transaction, while MARK was represented by Hank O’Donnell and Roberto Rhett of Goodspace. Rebecca Clareman, Esq. of Lester Bleckner & Shaw LLP was the legal representation for MARK, while Interior Define was represented by John Neumann of Neumann Law LLC.
This is the first Brooklyn Define Studio for Interior Define, and the second in the NYC market.
Tags:
Brokerage
MORE FROM Brokerage
Liberow and Benshar of Asset CRG Advisors arrange $18.1 million ground lease transaction for 358 Flatbush Ave. development site
Brooklyn, NY Asset CRG Advisors recently facilitated the disposition of 358 Flatbush Ave., a Brooklyn development site situated at the intersection of Park Slope and Prospect Heights overlooking Grand Army Plaza and Prospect Park.
Columns and Thought Leadership
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
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,
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
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
