News:
Brokerage
Posted: March 28, 2023
Midwood signs Jollibee at 91-19 Queens Blvd.
Flushing, NY Midwood Investment & Development said that Jollibee, the Filipino fast-food chain, signed a 2,717 s/f lease for 10 years at their property, 91-19 Queens Blvd. This new location is in addition to Jollibee’s four existing stores in the New York metropolitan area, which span both Queens and Manhattan, including its flagship in the heart of Times Sq., which opened in August 2022. Jollibee currently operates 62 U.S. locations across 13 states, with more on the way.
For this transaction, Midwood Investment & Development was represented by Katz & Associates’ Daniel DePasquale and Jollibee was represented by CBRE Group, Inc.
Jollibee chose to open at 91-19 Queens Blvd. for its third location in Queens as part of its efforts to make Jollibee more accessible to all customers.
91-19 Queens Blvd is situated across from the Queens Center Mall off the Long Island Expwy., reaching shoppers, commuters, and residents daily.
The New York metropolitan area represents a key growth market for Jollibee, as the brand, best known for its signature Chickenjoy fried chicken, continues to grow its fan base among North American audiences.
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
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
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,
