Despite the inevitable economic cycles that have recently impacted some London neighborhoods, the overall retail picture appears strong. Thirty international retailers made their Central London débuts last year. This trend continues in 2019, with a further 20 retailers committing to open their first London locations year-to-date. Brooklyn, NY
Lee & Associates NYC has negotiated a 10-year, 15,479 s/f lease on behalf of sustainable beauty company Davines North America at 61 North 11th
St. in North Williamsburg. Corey Horowitz, executive managing director/principal, and Kenneth Salzman, SIOR, executive managingManhattan NY
Bestreich Realty Group (BRG) arranged the sale of 216 East 50th St. in Turtle Bay. The final closing price is $3.4 million, equating to $1,030 per s/f. Adam Lobel, Hakeem Lecky, Ethan Frank, and Zachary Ziskin of BRG facilitated both sides of the transaction.Brooklyn, NY
Bestreich Realty Group (BRG) arranged the sale of 836 Union St., a 4,000 s/f, mixed-use property in Park Slope. The final closing price is $2.75 million equating to approximately $688 per s/f. Derek Bestreich, Luke Sproviero, Adam Lobel, Gabriel Kates, and Toby Waring of BRG represented both the seller, Judy Ann Taylor, and the buyer, Charles Piggot in this transaction.Brooklyn, NY
TerraCRG has closed on the sale of 603 Bergen St. in Prospect Heights. Ofer Cohen, Dan Marks and Adam Tannenbaum of TerraCRG were the brokers on the $5.2 million sale. “We are happy to announce the sale of this great property,” said Marks, partner at TerraCRG.
According to The Durst Org., Vevo LLC signed a five-year lease for 37,768 s/f on the 25th
floor of One Five One West 42nd
St. Vevo has sub-leased the floor from law firm Skadden Arps for the past seven years. Manhattan, NY
The Design Gym, a corporate consultancy focused on innovation, creativity, team building, training and facilitation, has signed a lease for a 2,901 rentable s/f suite at Brause Realty, Inc.'s 320 Fifth Ave. Located on the 10th floor, the new suite features hardwood floors, exposed ceilings, LED lighting and glass-fronted rooms.
Commercial leasing in New York often involves improving the leased premises for the tenant’s specific use. This process, known in the industry as the tenant build-out, is frequently the subject of negotiations between landlords and tenants. In some situations, the landlord keeps direct control Manhattan, NY
Justworks has committed to a long-term headquarters lease at 55 Water St. In a transaction arranged by CBRE, Justworks signed a 270,000 s/f lease at the 3.8 million s/f downtown office complex, relocating and doubling its office space to account for continued growth.New York, NY
Investment sales broker Greg Corbin has joined Rosewood as executive managing director after a decade with Besen & Associates. He will continue to lead The Corbin Group at Rosewood and will be accompanied by brokers Aaron Kline, Brandon Serota and Chaya Milworn.