News: Brokerage

Nero joins Lee NYC retail leasing division as an executive managing director/principal

New York, NY According to Lee & Associates NYC LLC (Lee NYC), Jedd Nero has joined its retail leasing division as an executive managing director/principal. 

Prior, Nero was an executive managing director/principal at Avison Young and had been leading their retail services group since its inception five years ago. 

He specialized in both tenant and owner representation for some of the city’s most influential retail transactions. Nero started at Lee NYC on August 19th.

“Over the past 30 years, he has completed a number of high-profile retail transactions along Madison and Fifth Aves. as well as at the Time Warner Center, meaning that Jedd will be a strong addition to the Lee NYC team,” said Joel Herskowitz, COO of Lee NYC. “He has successfully developed and executed real estate strategies for notable owners and tenants including Muss Development, Silverstein Properties, Hugo Boss, Kenneth Cole and Salvatore Ferragamo and undoubtedly will continue to do outstanding work here at Lee NYC.”

“Having worked with a number of Lee NYC brokers over the years, I am looking forward to utilizing the established and recognized platform that the firm has developed in the retail world,” said Nero. “Seeing as that 30 of the firm’s 80 brokers specialize in retail, I feel confident that I will certainly be in good company at Lee NYC.”

Over the course of his career, Nero completed numerous high-profile transactions including the 110,000 s/f Chrysler showroom at 629-641 West 54th St., the 57,000 s/f flagship H&M location at 589 Fifth Ave., and the 7,000 s/f flagship Hershey’s Chocolate World location at Times Square. Nero has also completed transactions both locally as well as nationally for Diesel, Miss Sixty, FILA and Verizon Wireless. 

In his spare time, Nero enjoys practicing his photography skills and drumming. His father, Peter Nero, is a well known conductor and pianist and Nero served as his drummer for three years. Before entering the real estate business, he even performed at the White House with his father.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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,

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.
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