Category: Brokerage

Q: What is a fair rent increase in a commercial lease? My firm is negotiating a lease on an industrial building, and the landlord is asking for a 4% escalation every year. Is there a standard rent increase for industrial leases?  A: There are no standard or published lease escalations. Escalation terms are essentially whatever two parties can agree upon. An alphabet soup of rent escalators was common in the past,

Manhattan, NY Magical adventures and experiences await this summer as NYC’s first multi-fandom retail destination prepares to open in Times Square. Located at 234 West

Somerset, NJ Wingstop, a leading national fast-casual brand, has signed a 1,848 s/f lease at Rutgers Plaza, a 268,000 s/f Stop & Shop-anchored shopping center at the

Brooklyn, NY Marcus & Millichap negotiated the sale of 665 St. Marks Ave., a 21-unit multifamily property in Crown Heights. The property sold for $3.8 million.

Manhattan, NY Avison Young secured a long-term lease for W Magazine at 1 World Trade Center. The company will occupy 12,456 s/f on the 46th floor for its

Manhattan, NY Koeppel Rosen LLC arranged five new office leases totaling 15,474 s/f at 1261 Bdwy., an 11-story building in the city’s Midtown South neighborhood.

Brooklyn, NY SakeBrooklyn Brewing Co., a premium American-style sake brand, has signed a lease for 6,500 s/f at 500 Degraw St., where it will open a full-scale sake brewery

Bethpage, NY Island Associates negotiated a new development of a ground-up free standing 1,133 s/f Dunkin with a drive-thru at 420 N. Wantagh Ave. with a long-term lease term

Manhattan, NY The Feil Organization signed Wave Sports & Entertainment (Wave) to a long-term lease totaling 8,320 s/f at 145 W 30th St. Wave will occupy the entire

Manhattan, NY IPA Capital Markets, a division of Marcus & Millichap, has arranged $27.5 million to refinance The Sophia, a newly built, 11-story, 60-unit luxury multifamily

Manhattan, NY GFP Real Estate, LLC closed a series of new lease transactions at 520 Eighth Ave. totaling more than 43,000 s/f, underscoring continued demand for well-located, efficient office space in

Manhattan, NY AmTrustRE has executed a 5,754 s/f lease at its premier boutique Midtown East office tower, 360 Lexington Ave., with longtime partner GKV Architects. The award-winning firm will occupy a portion of the 14th floor. >“GKV Architects has been a trusted partner to AmTrustRE for over two decades, playing an integral role in shaping and elevating several