News: Brokerage

Stonehenge Partners leases 1,300 s/f to FIKA

Stonehenge Partners - a fully-integrated owner, operator and developer of premier residential and commercial real estate - completed a 10-year lease with FIKA, the famed Swedish espresso and chocolate bar, for a 1,300 s/f space at its 555 Sixth Ave. retail property. FIKA joins the ranks of the just-opened BFX Studio, a new high-end fitness boutique by Town Sports International (TSI), which occupies 10,000 s/f. "We think of 555 Sixth as the miracle on Sixth Ave. and it's living up to our expectations by attracting retailers like FIKA and BFX that enhance the lifestyle of the growing residential community here," said Ofer Yardeni, co-chairman and CEO of Stonehenge Partners. Designed and built by Stonehenge as a companion to its adjacent high-end rental building at 101 West 15th St., 555 Sixth Ave. is a newly constructed 19,000 s/f retail property that features an all glass, 200-foot long storefront that directly faces Sixth Ave. and spans from West 15th to West 16th Sts. Andrew Mandell, Richard Skulnik and Jason Maurer of Ripco Real Estate represented Stonehenge Partners in the deal and are marketing the remaining space at 555 Sixth Ave., which is expected to attract flagship-quality retail at some of the highest prices per s/f in the area. Remaining availability includes two corner spaces each offering 3,000 s/f, one with frontage on West 15th St. and Sixth Ave. and the other with frontage on West 16th Street and Sixth Ave.
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
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
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.