News: Brokerage

Retail by MONA leases 9,000 s/f to Maison Goyard

Manhattan, NY According to Retail by MONA, French leather goods maker, Maison Goyard, has signed a long-term lease at 699 Madison Ave., relocating from their space at 20 East 63rd St.

The 9,000 s/f space will house both Goyard’s retail footprint as well as its corporate offices. The relocation to this larger prime Madison Ave. space with greater frontage and visibility will allow the iconic brand to establish itself as more in line with its peers. The historic block, which reflects the true heritage of Goyard is newly home to several well-established luxury brands including Hermes (706 Madison) and Van Cleef & Arpels (690 Madison).

Maison Goyard was founded in Paris in 1853 by Francois Goyard and is home to handmade luxury trunks, leather goods, and handbags. The new Madison Ave. location will be a testament to the original heritage of the rue Saint-Honoree address.

Eric Le Goff, vice chairman of Retail by MONA said, “Having had a long-term relationship as a trusted advisor to Goyard, I am thrilled to have been able to guide one of the most iconic luxury brands through this complex transaction. Goyard’s new store will open on the most sought-after block on Madison Ave. in 2025”

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