News: Brokerage

Schuster, Birnbaum and Shimkin of NKF are sole brokers in Manolo Blahnik lease

Manhattan, NY Manolo Blahnik has signed a lease for its new flagship on 717 Madison Ave. Newmark Knight Frank’s (NKF) vice chairmen Ariel Schuster, Ben Birnbaum and Peter Shimkin were the sole brokers on the transaction. The store is slated to open later this year.

The new location encompasses both office and retail spaces with the ground and lower levels totaling 4,942 s/f of retail space and floors two through four totaling 5,005 s/f of office space.   

For the first time in NYC, the new store will comprise both men’s and women’s footwear. This is the latest in a series of significant investments in US talent and infrastructure as Manolo Blahnik prepares to bring its North American business in-house.

The double-fronted store will be designed by award-winning architect David Thomas of David Thomas Design in collaboration with Manolo Blahnik and Kristina Blahnik, Group CEO. Thomas specializes in international retail design for high-end brands and private clients and was instrumental in the Manolo Blahnik stand-alone boutique in the Palais-Royal, which opened in June 2019.

MORE FROM Brokerage

Berger and Koicim of Marcus & Millichap sell 17-unit multi-family for $8.8 million

Manhattan, NY Marcus & Millichap negotiated the sale of 207 E. Fourth St., a 17-unit mixed-use multi-family property the East Village. The asset sold for $8.8 million. “This transaction underscores
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.
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,
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