News: Brokerage

Schettino of Giscombe handles two leases: 5,480 s/f

Giscombe Realty Group has arranged two leases totaling 5,480 s/f at 558 Seventh Ave. Maoz Vegetarian, a falafel chain restaurant, signed a 12-year, 480 s/f lease. The deal includes a 280 s/f storefront and 200 s/f basement storage space. The broker was Jeffrey Schettino of Giscombe Realty, which also owns the building. The tenant broker was the Kamenitzer Real Estate Group. Mid Town Comics, which leases 5,000 s/f on the second and third floors, renewed their lease for 15 years. "This is a great location for Maoz which saw the benefits of the space," said Schettino, who also signed the Mid Town Comic lease. "We are very pleased to have both tenants." Giscombe Realty Group, headed by Eugene Giscombe, is one of Harlem's leading real estate management, leasing and sales firms that also owns and manages other buildings in other parts of the city.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Strategic pause - by Shallini Mehra and Chirag Doshi

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
Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Let’s be real: if you’re still only posting photos of properties, you’re missing out. Reels, Stories, and Shorts are where attention lives, and in commercial real estate, attention is currency.
Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

The state has the authority to seize all or part of privately owned commercial real estate for public use by the power of eminent domain. Although the state is constitutionally required to provide just compensation to the property owner, it frequently fails to account
AI comes to public relations, but be cautious, experts say - by Harry Zlokower

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,