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

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
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
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,
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,