News: Brokerage

Sher of Sabre Real Estate reps Massage Envy in 3,400 s/f lease; At 312 E. 23rd Street: Winick Realty reps landlord

Sabre Real Estate Group LLC has arranged Massage Envy's first retail lease in the city. Arizona-based Massage Envy, a pioneer and national leader of professional, massage and spa services, leased 3,400 s/f at 312 E. 23rd St., a condominium conversion known as The Foundry, developed by TF Cornerstone Inc. and located just east of 2nd Ave. in Manhattan's Gramercy Park. The new clinic and spa, to be operated by franchisee John Vatistas, is scheduled to open early in 2014. Scot Sher, senior VP of Sabre, arranged the lease on behalf of Massage Envy. Sabre is Massage Envy's exclusive real estate broker in N.Y.C.'s five boroughs and L.I. Winick Realty represented the landlord. Other members of the leasing team seeking additional locations for Massage Envy include Sabre managing principal Jayson Siano and Sabre director Greg Batista. "This location represents an excellent opportunity for Massage Envy on a busy block with heavy foot traffic, a tremendous concentration of residences in Gramercy Park, Stuyvesant Town, Peter Cooper Village and Kips Bay and proximity to NYU Medical Center," said Sher.
MORE FROM Brokerage

Horvath & Tremblay Announces Strategic Integration of B6 Real Estate Advisors, Expanding New York City Presence

New York, NY Horvath & Tremblay, a premier real estate services firm specializing in investment real estate brokerage, 1031 exchanges, debt/equity placement, and appraisal & valuation services, announced the strategic integration of B6 Real Estate Advisors into the firm’s growing national platform.
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
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,
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,