Spotlights

Retail today–the ultimate entrepreneurial moment to create something new and exciting - by Jedd Nero

With major retailers continuing to announce store closings nationwide, these are definitely challenging times for the retail real estate sector. As Amazon continues to expand and other online retailers begin to take off, traditional retail is expected to take an even greater hit than it’s already seeing…

Blue Mountain Plaza undergoing upgrade with expansions, renovations – includes $1 million McDonald's project; Kurtsam Realty is property owner

Peekskill, NY According to owner Kurtsam Realty Corp., Blue Mountain Plaza, a 66,000 s/f shopping center, is getting a fresh new look thanks...

The end of “brick-and-mortar” is not near–Retail assets continue to evolve to meet consumer needs - by Yoel Kranz and Evyn Rabinowitz

Last summer, Macy’s chairman Terry Lundgren famously described the glut of retail property in the U.S as “ridiculous.” Indeed, the U.S. currently has the most retail space per capita of any country–with no close second. While numbers vary widely, the U.S. reportedly has…

Silber Investment Properties and Petrakis Realty Group celebrate 200th deal milestone

Hicksville, NY The Petrakis Realty Group of Seaford, represented by Silber Investment Properties, has completed a multistage acquisition of ...

Now is the time for global brands to enter the New York City retail market - by Lee Block

The story of brick-and-mortar retail’s demise has been a popular narrative both far and wide. The recent spate of nationwide store closings and bankruptcies from well-established brands have caused some…

Delavale of Breslin signs Suly’s Smoothies to 2,760 s/f at Tiana Plaza shopping center in Hampton Bays

Hampton Bays, NY Breslin Realty has completed the signing of a long term lease with Suly’s Smoothies Cafe at 252 W. Montauk Hwy. Su...

What have you rented lately? Renting can often be more financially beneficial than purchasing - by Ron Lanzo

We’ve seen a large increase in the kinds of goods and services that have become available via rental lately. As most of my past readers of this column have come to expect that I’m always on the lookout for what’s new in the rental business…

Company of the Month: Schuckman Realty continues to grow its platform as it approaches four decades of service

Lake Success, NY Schuckman Realty is a full-service commercial real estate firm serving New York City, including the surrounding tri-state area, Long Island and New Jersey. The company was formed nearly four decades ago in the late 1970s when the retail shopping center business was still in its defining stages. Its founder, Stanley Schuckman, was one of the first…

Consolo and Maglio of Douglas Elliman arrange 1,450 s/f lease for Ben's Garden at 42-44 Grand St., SoHo

Manhattan, NY The worldwide leasing team of Faith Hope Consolo and Arthur Maglio at Douglas Elliman arranged a 1,450 s/f lease for Ben&rsquo...

Condren and Danut of CPEX act for landlord in four leases at Pioneer Building

Brooklyn, NY Three national and international retailers and a fast-growing café concept have leased more than 10,000 s/f of space in ...