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.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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,
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